Exit watch, May 28, 2007

Google dines on Feedburner


reportedly has agreed to buy RSS management company Feedburner for $100 million, according to a TechCrunch story last week. The acquisition was still unconfirmed as of the PE Week deadline on Thursday. “The deal is all cash and mostly up front, according to our source, although the founders will be locked in for a couple of years,” TechCrunch reports. “The information we have is that the deal is now under a binding term sheet and will close in 2-3 weeks, and there is nothing that can really derail it at this point.”

Feedburner, based in Chicago, had raised $10.2 million over three rounds since 2004, according to Thomson Financial (publisher of PE Week). Backers include Mobius Venture Capital, Portage Venture Partners, Sutter Hill Ventures and Union Square Ventures.

Business Objects buys Inxight

Business Objects

(Nasdaq: BOBJ) has agreed to acquire Inxight Software Inc., a Sunnyvale, Calif.-based provider of enterprise software solutions for unstructured information discovery. No financial terms were disclosed for the deal, which is expected to close in July. Inxight has raised more than $50 million in VC funding from Deutsche Bank-affiliated funds, Dresdner Kleinwort Wasserstein, VantagePoint Venture Partners and Atila Ventures.

CBS has eye on Wallstrip


has purchased the financial video news site Wallstrip for a reported $5 million. Wallstrip, which launched last October, had raised $600,000 from a group of angel investors, including venture capitalists Fred Wilson and Brad Feld.

UGS acquisition approved

Siemens has completed its acquisition of UGS Capital Corp. for about $3.5 billion. The deal was approved by U.S. antitrust authorities in February and received the go-ahead from the European Commission this month. Plano, Texas-based UGS, a maker of product lifecycle management software, was owned by Bain Capital, Silver Lake Partners and Warburg Pincus, which bought UGS from technology services provider Electronic Data Systems in March 2004 for $2.05 billion.

Virgin company buys private lender

Virgin USA

, the North American holding company run by Richard Branson, announced this month that it has acquired a majority stake in CircleLending Inc., a Waltham, Mass.-based manager of loans between relatives, friends and other private parties. No financial terms were disclosed. CircleLending had raised $16 million in total VC funding from Venrock, Monitor Company, Intel Capital and the Omidyar Network.

On2 purchases Finnish video tech company

On2 Technologies Inc.

(AMEX: ONT) has agreed to acquire Hantro Products Oy, a Finland-based provider of video technology for mobile devices. The deal is valued at about $59 million in cash and stock. Hantro has raised about $27 million in VC funding since 1999 from such firms as Nexit Ventures, Menire Corp., StartupFactory AB, CapMan Capital and 2M Invest AS.

Oak Hill buys Jacobson from Norwest

Norwest Equity Partners

has agreed to sell Des Moines, Iowa-based logistics company Jacobson Cos. to Oak Hill Capital Partners, according to LBO Wire. No financial terms were disclosed. Norwest acquired Jacobson in 2004 for about $30 million, and has since made several add-on acquisitions.

VC-backed SOA sells services business

SOA Software Inc.

, a Los Angeles-based provider of SOA and Web services management, security and governance solutions, has sold its services business to India-based Zensar Technologies Ltd. for $25 million in cash. SOA has raised more than $40 million in VC funding since 1998 from such firms as Draper Fisher Jurvetson, Redpoint Ventures, Mellon Ventures, Paladin Capital Group, Goldman Sachs and Palisades Ventures. —PE Week staff