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

Interliant + Interactive Software,
Milestone Services
, Nextron +
ImpulseSale.com
, Redback Networks + Abatis
Systems
, Thor Ventures + FORSOMEONESPECIAL, U.S.
Technologies + On-Site Sourcing













































 Redback Networks (RBAK) to acquire Abatis
Systems

 

  
* 
Amount:
         $636
million

 

  
* 
Terms:
           
5.2 million shares

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
       
Speed/Bandwidth

 

  
* 
Scorecard:
      B+

 



    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.


     

 
































 Interliant (ININ) acquires Interactive Software,
Milestone Services

 

  
* 
Amount:
        
Undisclosed

 

  
* 
Terms:
           
n/a

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
        Internet
services

 

  
* 
Scorecard:
      B

 



    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.


     

 
































 U.S. Technologies (USXX) to acquire On-Site
Sourcing (ONSS)

 

  
* 
Amount:
         $35
million

 

  
* 
Terms:
           
26.25 million shares/$8.75 million cash

 

  
* 
Premium:
        100%

 

  
* 
Industry:
        Internet
services

 

  
* 
Scorecard:
      D+

 



    ARLINGTON, Va., July 31–On-Site Sourcing
    announced that it has entered into definitive agreement to be acquired by
    U.S. Technologies for 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.


     

 
































 Thor Ventures (THRV) to acquire
FORSOMEONESPECIAL

 

  
* 
Amount:
         $4.5
million

 

  
* 
Terms:
           
4.5 million shares

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
        E-tailers

 

  
* 
Scorecard:
      C-

 



    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.


     

 
































 Nextron acquires ImpulseSale.com

 

  
* 
Amount:
        
Undisclosed

 

  
* 
Terms:
           
n/a

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
        Performance
software

 

  
* 
Scorecard:
      B

 



    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
    Scientifics
    Partnership 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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