Today’s Deals: Redback To Acquire Abatis Systems for $636 Million

  
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Amount:         $636
million

  
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Terms:           
5.2 million shares

  
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Premium:        n/a

  
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Industry:       
Speed/Bandwidth

  
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Scorecard:      B+

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  SUNNYVALE, July 31–Redback Networks, a
  provider of advanced networking solutions, announced that it has signed a
  definitive agreement to acquire Abatis Systems of Vancouver, Canada
  for Redback common stock valued at $636 million. Abatis Systems has developed service
  creation and management tools that reduce the cost and complexity from the
  deployment of value-added IP services. The integration of Abatis Systems’
  service creation and management capabilities with Redback subscriber management and metro
  optical solutions will allow the company to rapidly accelerate service
  revenue opportunities for its carrier and service provider customers.
  Redback Networks will issue about 5.2 million shares for all outstanding
  shares, options and warrants of Abatis Systems.
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Amount:        
Undisclosed

  
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Terms:           
n/a

  
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Premium:        n/a

  
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Industry:        Internet
services

  
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Scorecard:      B

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  PURCHASE, N.Y., July 31–Interliant, a
  global application service provider (ASP), announced the acquisition of two
  Dallas-based companies, Interactive Software and Milestone
  Services, related companies offering Oracle services to the private,
  public and non-profit sectors. Through these acquisitions, Interliant is well positioned to
  rapidly provide hosted Oracle ASP solutions. Financial terms were not
  disclosed.
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Amount:         $35
million

  
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Terms:           
26.25 million shares/$8.75 million cash

  
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Premium:        100%

  
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Industry:        Internet
services

  
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Scorecard:      D+

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  ARLINGTON, Va., July 31–On-Site Sourcing
  announced that it has entered into definitive agreement to be acquired by
  U.S. Technologiesfor approximately $35 million
  in U.S. Technologies’ common stock and
  cash. Under the terms of the agreement, On-Site Sourcing shareholders will exchange
  their shares for approximately 26.25 million U.S. Technologies shares and
  $8.75 million in cash. U.S. Technologies operates as a developer of
  Internet enterprises, with an emphasis on the support of technology-driven
  start-ups and will provide On-Site Sourcing with needed capital to enhance
  its digital imaging, document management, litigation reprographics
  services, and facilities management services.
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Amount:         $4.5
million

  
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Terms:           
4.5 million shares

  
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Premium:        n/a

  
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Industry:        E-tailers

  
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Scorecard:      C-

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  VANCOUVER, B.C., July 31–Thor Ventures
  reports that it has entered into a letter of intent to acquire all of the
  issued shares of FORSOMEONESPECIAL, a privately held Washington
  State corporation. Thor will issue 4,455,778 common shares to the
  shareholders of FORSOMEONESPECIAL, a Web-based
  personalized shopping assistance service founded in January 2000.
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Amount:        
Undisclosed

  
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Terms:           
n/a

  
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Premium:        n/a

  
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Industry:        Performance
software

  
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Scorecard:      B

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  SAN JOSE, July 31–Nextron, provider of Web content
  management software, applications and services for the small-to-medium size
  enterprise market, announced that it has acquired ImpulseSale.com, a
  privately held Silicon Valley-based mobile application service provider
  (ASP). Nextron, a Safeguard
  ScientificsPartnership Company, will fully integrate
  ImpulseSale’s technology into its
  Web content management platform and utilize ImpulseSale’s wireless
  expertise to develop specialized mobile applications and services.
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