Today’s Deals: Hocus Pocus, InfoSpace Buys Locus

 Allaire (ALLR) acquires Kawa Java
unit

  
* 
Amount:         $9
million

  
* 
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.




 

 C-bridge Internet Solutions (CBIS) acquires BEKK
Consulting A/S

  
* 
Amount:         $13
million

  
* 
Terms:           
$3.9 million cash/stock

  
* 
Premium:        n/a

  
* 
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.




 

 InfoSpace (INSP) to acquire Locus
Dialogue

  
* 
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.




 

 I-many (IMNY) to acquire ChiCor Information
Management

  
* 
Amount:         $9.9
million

  
* 
Terms:           
cash and stock

  
* 
Premium:        n/a

* 
Industry:        E-commerce
enablers

  
* 
Scorecard:      B-

PORTLAND, Maine, Nov. 6–I-many announced
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.




 

 VerticalNet (VERT) to acquire
SierraCities

  
* 
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.




 

 On2.com (ONT) acquires Eight Cylinder
Studios

  
* 
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.




 

 Network Systems Int’l (NESI) acquires interLAN
Communications

  
* 
Amount:        
Undisclosed

  
* 
Terms:           
250,000 shares/cash

  
* 
Premium:        n/a

  
* 
Industry:        Internet
services

  
* 
Scorecard:      C+

HERNDON, Va., Nov. 6–Network Systems International announced 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.