Exit watch, May 21, 2007

Nuance hears call to buy VoiceSignal

Nuance Communications Inc.

(Nasdaq: NUAN) has agreed to acquire VoiceSignal Technologies Inc., a Woburn, Mass.-based developer of mobile voice technology. The deal is valued at about $293 million, including a $204 million cash payment and 5.8 million shares of Nuance common stock. VoiceSignal has raised more than $21 million in VC funding since 2000 from such firms as Stata Venture Partners and Argonaut Private Equity. Nuance was represented by Lehman Brothers on the transaction, while VoiceSignal was represented by Goldman Sachs.

Verizon acquires CyberTrust

Verizon Business

has agreed to acquire CyberTrust Inc., a Herndon, Va.-based IT security company that was formed via the 2004 merger of TruSecure Corp. and Betrusted Holdings. No financial terms were disclosed. Combined, CyberTrust raised about $42 million in financing. One Equity Partners is CyberTrust’s largest shareholder, while others include JPMorgan Partners, Greylock Partners, J&W Seligman, Saints Ventures, SI Ventures, WaldenVC, Walden International, Rustic Canyon Ventures, Weston Presidio and Gartner Group Inc.

HomeAway snaps up vacation renal business

HomeAway Inc., an Austin, Texas-based operator of an online vacation rentals website, has acquired Vacation Rentals Online Inc., a Chicago-based provider of online vacation rental listings. No financial terms were disclosed. Vacation Rentals had raised less than $1 million in Series A funding from vSpring Capital in late 2005. HomeAway venture backers include Austin Ventures, Redpoint Ventures, American Capital, Institutional Venture Partners and Trident Capital.

Alcatel-Lucent to buy NetDevices

Alcatel-Lucent

(NYSE: ALU) has agreed to acquire NetDevices Inc., a Sunnyvale, Calif.-based maker of services gateway products for enterprise branch networks. No financial terms were disclosed. NetDevices has raised about $48 million in VC funding since its 2003 formation from such firms as Artiman Ventures, Columbia Capital, ComVentures and JumpStartUp Advisors.

SAP acquires 31-backed company

SAP AG

(NYSE: SAP) has agreed to acquire Wicom Communications Ltd., an Espoo, Finland–based provider of IP telephony software. No financial terms were disclosed. Wicom raised about $17.5 million in 2001 from 3i Group, Accenture Technology Ventures and Stratos Ventures.

AOL buys mobile ad company

AOL

has agreed to acquire Third Screen Media, a Boston-based provider of mobile advertising and marketing software. No financial terms were disclosed, although an earlier Wall Street Journal report had suggested an $80 million pricetag for Third Screen. The company has raised $8 million in VC funding from such firms as TD Capital Ventures and Blue Chip Venture Co. —PE Week staff