(NYSE: SAP) has agreed to acquire OutlookSoft Corp., a Stamford, Conn.-based provider of planning, budgeting, forecasting and consolidation software. No financial terms were disclosed for the deal, which is expected to close in June. OutlookSoft has raised about $59 million in total VC funding since 1999 from such firms as Pequot Capital, Greylock, GE Equity, Battery Ventures and Merrill Lynch.
Microsoft buys French company ScreenTonic
Microsoft Corp. has agreed to acquire ScreenTonic SA, a Paris–based provider of mobile advertising solutions. No financial terms were disclosed. ScreenTonic has raised about $8 million in VC funding from 3i Group and I-Source Gestion.
Broadcom to acquire Octalia
(Nasdaq: BRCM) has agreed to acquire Octalia Inc., a Newton, Mass.-based fabless semiconductor company focused on the development of networking technologies based on the MoCA (Multimedia-over-Coax Alliance) standard. The deal is valued at $31 million in cash. Octalia shareholders include Cedar Fund, StageOne Ventures, Genesis Partners and the Fishman Group.
InnoZen sale complete
(OTC BB: HSPO) has completed its acquisition of InnoZen Inc., a Woodland Hills, Calif.-based maker of quick-dissolve strips for the delivery of over-the-counter medicines. The deal is valued at about $40 million in HealthSport stock. InnoZen raised $2.94 million in Series A funding two years ago, in a deal led by Tech Coast Angels. —PE Week staff