Today’s Deals: Level 8’s Quest for Stars

  
* 
Amount:         $241
million

  
* 
Terms:           
$90 million debt/$13.26 per share

  
* 
Premium:        n/a

  
* 
Industry:        Internet
services

  
* 
Scorecard:      B

• 
  
• 
  BEDFORD, Mass., Oct. 2–Vialog Corporation, a
  provider of audio, video and Internet conferencing services, announced it
  has reached a definitive agreement to be acquired by France-based
  Genesys S.A., an independent global teleconferencing specialist. The
  combined company is expected to be the largest independent pure-play
  conferencing company in the worldwide teleconferencing industry, serving
  over 16,000 customers who will have access to a global solution for all of
  their conferencing needs, including reservation-less conferencing and
  Internet-based communications. Genesys
  S.A. will acquire Vialog for
  approximately $241 million, or $90 million in debt plus $13.
• 26 per Vialog
  share.
• 
  
•  

  
* 
Amount:         $16
million

  
* 
Terms:           
4.4 million shares

  
* 
Premium:        n/a

  
* 
Industry:        Performance
software

  
* 
Scorecard:      C+

• 
  
• 
  ATLANTA, Oct. 2–Netzee, a provider of
  Internet banking products and e-commerce solutions to the financial
  services industry, has agreed to acquire John H. Harland Company’s
  Internet banking and bill payment businesses that Harland acquired in its
  August 2000 acquisition of Concentrex. Upon completion of the transaction,
  Netzee is expected to be one of the
  largest Internet banking providers in the United States in terms of
  installed financial institutions. Netzee agreed to acquire these businesses
  for 4.4 million shares of common stock. As a result, Harland, a leading
  provider of financial software, printed products and direct marketing to
  the financial institution market, will have a 17% ownership interest in
  Netzee.
• 
  
•  

  
* 
Amount:        
Undisclosed

  
* 
Terms:           
n/a

  
* 
Premium:        n/a

  
* 
Industry:        Performance
software

  
* 
Scorecard:      B

• 
  
• 
  HOUSTON, Oct. 2–BMC Software, a provider
  of e-business systems management, and Sylvain Faust, announced that
  they have entered into a definitive agreement by which BMC Software will acquire the assets of Sylvain Faust, a Quebec-based
  developer of award-winning database solutions. Subject to the terms of the
  definitive agreement, the acquisition will extend BMC Software’s market
  leading range of data management solutions by adding Sylvain Faust Inc.’s
  time-saving SQL tools and utilities and their demonstrated database
  solutions. Details of the transaction were not disclosed.
• 
  
•  

  
* 
Amount:         $12
million

  
* 
Terms:           
500,000 shares/250,000 warrants

  
* 
Premium:        n/a

  
* 
Industry:        Performance
software

  
* 
Scorecard:      B

• 
  
• 
  CARY, N.C, Oct. 2–Level 8, a global
  provider of high performance e-business integration software, has reached a
  definitive agreement to acquire StarQuest Software, a provider of
  Internet infrastructure solutions for Cisco routers. The acquisition will
  extend Level 8’s industry leadership
  with an expanded product portfolio and enable it to provide enhanced
  integration connectivity for Cisco platforms. Level 8 will acquire the
  issued and outstanding stock of privately held StarQuest for 500,000 shares of Level 8
  common stock and 250,000 warrants, which will have an exercise price of $30
  per share.
• 
  
•  

  
* 
Amount:        
Undisclosed

  
* 
Terms:           
n/a

  
* 
Premium:        n/a

  
* 
Industry:        Internet
services

  
* 
Scorecard:      C

• 
  
• 
  MANKATO, Minn, Oct. 2–HickoryTech, a
  diversified communications holding company operating in Minnesota and Iowa,
  announced plans to acquire Mankato, Minnesota-based Internet service
  provider Internet Connections’ dial-up Internet customer accounts,
  while retaining its Web site development business. Internet Connections has
  approximately 5,000 Internet cu
• stomers in south central Minnesota and the
  Twin Cities area. With the addition of these consumers, HickoryTech will serve approximately
  12,000 dial-up customers in dozens of communities in Minnesota and Iowa.
• 
  
•  

  
* 
Amount:        
Undisclosed

  
* 
Terms:           
100% stock

  
* 
Premium:        n/a

  
* 
Industry:       
Content/Communities

  
* 
Scorecard:      D+

• 
  
• 
  BROOKLYN, Oct. 2–PediaNet.com, a pioneer
  in the development of Internet based communications and pediatric
  information dissemination for both families and professionals, announced
  that it has reached an agreement in principle and has executed a letter of
  intent to merge with Psy-Ed Corporation d/b/a EP (“Exceptional
  Parent”) of Oradell, New Jersey and a thirty-year old international,
  award-winning communications company for the families of children and young
  adults with disabilities and special health care needs. The transaction
  will result in the EP shareholders holding 25% of PediaNet. Further terms of the stock
  exchange were not disclosed.
• 
  
•  

  
* 
Amount:

        
Undisclosed

  
* 
Terms:           
n/a

  
* 
Premium:        n/a

  
* 
Industry:        Internet
services

  
* 
Scorecard:      D

• 
  
• 
  BUENA PARK, Calif., Oct. 2–Go Online Networksannounced that they have acquired Amer Software, a
  Colorado Corporation. Much like NetStrat, Go Online’s most recent acquisition,
  Amer Software was acquired for its cash assets, which will allow Go Online
  to move forward with the Company’s long- term strategic acquisition and
  operating plans. As a result of this acquisition, Go Online will be
  completing a triangular merger between NetStrat, Amer Software, and
  Westlake Capital Corp. in which NetStrat and Amer Software will discontinue
  all operations and Westlake Capital will continue to exist as the primary
  funding subsidiary for Go Online. Terms of the deal were not disclosed.
• 
  
•  

  
* 
Amount:        
Undisclosed

  
* 
Terms:           
n/a

  
* 
Premium:        n/a

  
* 
Industry:        Financial
services

  
* 
Scorecard:      n/a

• 
  
• 
  CHARLOTTE, N.C., Oct. 2–MoneyZone.com
  announced that it has terminated the non-binding letter of intent to
  acquire Ostrander Burch & Co., which included Carolina Securities,
  Crossbridge Capital Partners LLC, and 50% of eCapX.com. Due to recent
  developments at Ostrander Burch, MoneyZone.com exercised its right to
  terminate the letter of intent, which was subject to the preparation and
  execution of a definitive agreement.
• 
  
•