Today’s Deals: Hocus Pocus, InfoSpace Buys Locus

  
* 
Amount:         $9
million

  
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Terms:           
100% cash

  
* 
Premium:        n/a

  
* 
Industry:        Performance
software

  
* 
Scorecard:      B-

• 
  
• 
  WASHINGTON, Nov. 6–Allaire Corporation,
  a provider of software for companies building their business on the Web,
  announced that it has acquired the critically-acclaimed Kawa Java
  integrated development environment (IDE) from Tek-Tools.With more
  than 30,000 paid licensees, Kawa is a widely
  adopted IDE for Java programming and its addition to the Allaire Business Platform is expected to
  give Allaire the ability to offer customers powerful visual tools for
  building advanced web applications on the industry-standard J2EE platform.
  The deal is valued at $9 million in cash.
• 
  
•  

  
* 
Amount:         $13
million

  
* 
Terms:           
$3.9 million cash/stock

  
* 
Premium:        n/a

  
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Industry:       
Consultants/Designers

  
* 
Scorecard:      B

• 
  
• 
  CAMBRIDGE, Nov. 6–C-bridge Internet Solutions, the originator of the iSolutions approach to e-Enterprise
  consulting and services, announced it has entered into a definitive
  agreement to acquire BEKK Consulting A/S, a Norwegian eBusiness
  professional services firm. The BEKK
  acquisition is expected to put C-bridge on the forefront of the
  business of deploying m-Commerce to fulfill strategic business
  requirements, and enables C-bridge to capitalize on the growing market
  opportunity presented by wireless technology. The total cost at the time of
  the acquisition is anticipated to be $13,000,000, with $3,911,029 to be
  paid in cash and the balance to be paid in shares of C-bridge common
  stock.
• 
  
•  

  
* 
Amount:         $100-125
million

  
* 
Terms:           
4.3 – 5.5 million shares

  
* 
Premium:        n/a

  
* 
Industry:       
Content/Communities

  
* 
Scorecard:      B

• 
  
• 
  BELLEVUE, Wash., Nov. 6–InfoSpace, a
  global provider of cross-platform merchant and consumer infrastructure
  services on wireless, broadband, and narrowband platforms, announced that
  it has reached a definitive agreement to acquire Montreal-based Locus
  Dialogue, a developer of speech recognition-enabled applications. The
  acquisition signals InfoSpace’s
  strong entry into the speech-enabled application market, positioning
  InfoSpace to speech-enable a wide variety of existing wireless
  applications, with the addition of Locus Dialogue’s core speech
  recognition technologies and speech-enabled applications that have been in
  development for more than 14 years. InfoSpace will issue approximately 4.3
  million to 5.5 million shares of its common stock for the Montreal,
  Canada-based enterprise, based on a formula to be calculated at the time of
  the acquisition’s completion.
• 
  
•  

  
* 
Amount:         $9.9
million

  
* 
Terms:           
cash and stock

  
* 
Premium:        n/a

* 
Industry:        E-commerce
enablers

  
* 
Scorecard:      B-

• 
  
• 
  PORTLAND, Maine, Nov. 6–I-manyannounced
  it has entered into an agreement to acquire ChiCor Information
  Management, the developer of Trade Funds Management System(TM),
  Deductions Management System(TM) and SettleLink.net(SM), the first
  Internet-based exchange for collaborative trade funds and deductions
  management. I-many expects the
  acquisition to rapidly expand its presence in the consumer product goods
  market, fortify its position in the healthcare industry, and fuel its
  penetration into additional vertical markets. I-many has agreed to pay $9.9
  million in cash and I-many stock, plus a performance-based earn-out
  targeted at $4.6 million in cash and stock.
• 
  
•  

  
* 
Amount:         $133
million

  
* 
Terms:           
100% stock

  
* 
Premium:        n/a

  
* 
Industry:        E-commerce
enablers

  
* 
Scorecard:      A-

• 
  
• 
  HORSHAM, Pa., Nov. 6–VerticalNet, a
  leading Internet business-to-business e-commerce enabler, announced that it
  has entered into an agreement to acquire SierraCities.com,
• which offers one of the Internet’s fastest and most
  comprehensive business credit solutions. SierraCities.com, which will operate
  as VerticalNet Credit, will add the key functionality of enabling credit
  and financing solutions to VerticalNet’s horizontal offerings
  across its 57 industry-specific online marketplaces, giving VerticalNet an
  ideal platform for providing Web-based credit solutions to its target
  markets. SierraCities will be acquired for $7.00 per share, or an aggregate
  of $133 million, payable in VerticalNet stock.
• 
  
•  

  
* 
Amount:        
Undisclosed

  
* 
Terms:           
n/a

  
* 
Premium:        n/a

  
* 
Industry:        Internet
services

  
* 
Scorecard:      C+

• 
  
• 
  NEW YORK, Nov. 6–On2.com, broadband
  technology and services provider specializing in the delivery of TV-quality
  streaming video over the Internet, announced that it has closed on its
  acquisition of Eight Cylinder Studios, a San Francisco-based
  interactive broadband 3D technology and services company. On2’s acquisition of Eight Cylinders is expected to enable On2 to
  offer customers the most compelling product mix in broadband today: On2’s
  full-motion, full-screen, TV-quality streaming plus the premier
  broadband-specific 3D interactive technology for which Eight Cylinders is
  well known. Terms of the acquisition were not disclosed.
• 
  
•  

  
* 
Amount:        
Undisclosed

  
* 
Terms:           
250,000 shares/cash

  
* 
Premium:        n/a

  
* 
Industry:        Internet
services

  
* 
Scorecard:      C+

• 
  
• 
  HERNDON, Va., Nov. 6–Network Systems Internationalannounced that it has acquired interLAN Communications
  of Herndon, Virginia. interLAN is
  a provider of data communications and networking infrastructure solutions
  and consulting for business, government and education and was acquired for
  cash and 250,000 shares of stock.
• 
  
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