Asia.com +
Lohoo.com, eGain Communications + Nitman Software, Move.com + HouseNet.com,
QSound Labs +
Choicemall.com, TheSpot.co.au +
FlyingPig.co.nz, Vizacom + Silk Road
Interactive
TheSpot.com.au to merge with
FlyingPig.co.nz |
|
*
Amount:
Undisclosed |
|
*
Terms:
n/a |
|
*
Premium: n/a |
|
*
Industry: E-tailers |
|
*
Scorecard: B- |
|
SYDNEY, May 18–Online retailer TheSpot.com.au said it
planned to merge with New Zealand e-tailer FlyingPig.co.nz. FlyingPig would have 37% of the
merged firm, with TheSpot, which
plans a further round of capital raising later this year, holding the
remaining 63%. Through an alliance with bricks and mortar book retailer
Angus & Robertson Bookworld, the merged company plans to become the
region’s largest online book seller.
F2 Investments, a 50/50 venture between f2 and U.S. Internet
retailing giant Amazon.com , currently holds
around 20- 25% of TheSpot, but its stake would be scaled back to around
15-20% after the merger.
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|
eGain Communications (EGAN) acquires Nitman
Software |
|
*
Amount:
Undisclosed |
|
*
Terms:
n/a |
|
*
Premium: n/a |
|
*
Industry: Internet
services |
|
*
Scorecard: B- |
|
SUNNYVALE, May 17–To jumpstart the establishment of a new
development center and continue its rapid global expansion, eGain
Communications has entered into an agreement to
acquire Nitman Software Pvt. Ltd., a rising developer of Internet
and eBusiness software based in Pune, India. Nitman will become part of eGain India — a new software research and
development center complemented with sales and service capability.
|
|
Asia.com acquires Lohoo.com |
|
*
Amount:
Undisclosed |
|
*
Terms:
n/a |
|
*
Premium: n/a |
|
*
Industry:
Content/Communities |
|
*
Scorecard: C+ |
|
NEW YORK, May 17–Asia.com, a leading Pan-Asian Web site,
announced it has acquired Lohoo.com, which provides comprehensive
services to business travelers, including hotel reservations, airline
ticket bookings, car rental and conference services. Through the
acquisition of Lohoo.com, Asia.com will leverage its own
category-defining brand and Web presence to rapidly expand Lohoo.com’s
business and deploy services throughout Asia. Asia.com is majority owned by
WORLD.com, which is a subsidiary of Mail.com , a leading
global incubator of premier domain properties.
|
|
QSound Labs (QSND) acquires
Choicemall.com |
|
*
Amount: $2
million |
|
*
Terms:
1 million shares |
|
*
Premium: n/a |
|
*
Industry: E-commerce
enablers |
|
*
Scorecard: C+ |
|
CALGARY, May 17–QSound Labs , a leader in
e-commerce solutions, multim
edia software, Internet audio and audio
technology, today announced that its e-commerce subsidiary,
Qcommerce, has acquired Choicemall.com from LookSmart
Ltd. , the global leader in Internet search
infrastructure, for 1 million common shares of QSound Labs. Choicemall.com is an e-commerce portal
dedicated to helping small businesses sell products online and will provide
Qcommerce with the perfect venue for
showcasing its e-commerce tools.
|
|
Vizacom (VIZY) to acquire Silk Road
Interactive |
|
*
Amount:
Undisclosed |
|
*
Terms:
cash and stock |
|
*
Premium: n/a |
|
*
Industry:
Consultants/Designers |
|
*
Scorecard: C+ |
|
TEANECK, May 17–Vizacom announced that
it has entered into a letter of intent to acquire the business of Silk
Road Interactive Corp., a privately-held e-business technology
developer and consulting firm based in New York City. The acquisition of
Silk Road is intended to significantly add to the range of technology
integration and consulting services that Vizacom currently provides through its
interactive companies.
|
|
Move.com acquires HouseNet.com |
|
*
Amount:
Undisclosed |
|
*
Terms:
n/a |
|
*
Premium: n/a |
|
*
Industry:
Content/Communities |
|
*
Scorecard: B |
|
SAN FRANCISCO, May 17–Move.com Group announced the
acquisition of HouseNet, a Web site dedicated to the home and
garden. Move.com, a relocation, real
estate and home-related portal will integrate will integrate HouseNet’s award-winning editorial
content, online communities and other interactive components. Terms of the
transaction were not disclosed.
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