Exit watch, June 11, 2007

Google acquires FeedBurner, PeakStream

Google Inc.

confirmed last week that it acquired FeedBurner and PeakStream Inc. as it continues its torrid acquisition pace.

Chicago-based FeedBurner had been connected to Google’s Blogger for some time and now becomes an integral part of the company’s blogging platform. FeedBurner creates Web feeds that allow bloggers and podcasters to distribute and monetize their content.

Google did not disclose financial terms on the acquisition, although TechCrunch had reported that the purchase price was about $100 million.

FeedBurner had raised $10.2 million over three rounds since 2004 from such firms as Mobius Venture Capital, Portage Venture Partners, Sutter Hill Ventures and Union Square Ventures.

Google also announced last week that it acquired PeakStream Inc., a Redwood City, Calif.-based provider of software platforms to the high-performance computing market. No financial terms were disclosed. PeakSteam raised $23 million in total VC funding since its 2005 inception, including a $17 million Series B round last fall. Backers included Kleiner Perkins Caufield & Byers, Sequoia Capital and Foundation Capital.

In buying FeedBurner and PeakStream, Google has now completed nine acquisitions in 2007, with its $3.1 billion purchase of DoubleClick pending regulatory approval (see chart, this page). Throughout 2006, Google bought nine companies, including its $1.65 billion purchase of video sharing website YouTube.

Amgen buys two for more than $700M

Amgen (Nasdaq: AMGN) has also had a healthy acquisition pace lately, as it announced last week that it agreed to acquire Ilypsa Inc., a Santa Clara, Calif.-based developer of non-absorbed drugs for renal disorders, and Alantos Pharmaceuticals, a diabetes and inflamation drug-maker with offices in Cambridge, Mass. and Heidelberg, Germany.

The Ilypsa deal is valued at $420 million in cash, and is expected to close next quarter. Ilypsa has raised more than $46 million in VC funding since 2003 from such firms as 5AM Ventures, Sprout Group, CMEA Ventures, Delphi Ventures, Johnson & Johnson Development Corp., Mediphase Venture Partners and U.S. Venture Partners.

The Alantos deal is valued at $300 million in cash, and is also expected to close next quarter. Alantos has raised nearly $56 million in VC funding since 2000, from such firms as Heidelberg Innovation, Earlybird Venture Capital, Oxford Bioscience Partners, SV Life Sciences, Forbion Capital Partners and Ventech.

Oversee snaps up SnapNames

Oversee.net

, a Los Angeles-based online marketing company, has agreed to acquire SnapNames Inc., a Portland, Ore.-based operator of expired domain names. No financial terms were disclosed for the deal, which is expected to close within the next few weeks. SnapNames had raised nearly $9 million in VC funding since its 2000 inception from such firms as Empire Ventures and InvestAmerica Venture Group.

Euro telecos merge

Aepona

of Ireland has merged with Sweden-based Appium to create a single vendor for the telecom service layer. No financial terms were disclosed. Aepona has raised nearly $50 million in VC funding from such firms as Amadeus Capital Partners, Invest Northern Ireland, Polaris Venture Partners and Trinity Venture Capital. Appium has raised more than $10 million in VC funding from such firms as InnovationsKapital, Innovacom and Nordic Venture Partners.

EMC buys ID verifier

EMC Corp.

has acquired Verid Inc., a Fort Lauderdale, Fla.-based provider of identity verification solutions. No financial terms were disclosed. Verid has raised more than $13 million in VC funding from firms like Fidelity Ventures and CIBC Capital Partners.

Bain to sell Innophos

Bain Capital

plans to sell 5 million shares of Innophos Holdings Inc. (Nasdaq: IPHS), via a secondary public offering. If successful, the deal would reduce Bain’s ownership position from 48.5% to 24.5 percent. Bain acquired Innophos in 2004 from Rhodia for $550 million, and brought it public last fall.