Akamai Technologies Inc. (Nasdaq: AKAM) has agreed to acquire Nine Systems Corp., a San Diego-based provider of solutions for rich media production. The deal is valued at about $164 million, including $7 million in cash and 3.1 million Akamai common shares.
Nine Systems raised $1.5 million in startup funding from Catalyst Investors in 2000. The company develops software used for production and publishing of content online, which publishers use to manage their rich media.
(NYSE: MMM) has agreed to acquire SoftMed Systems Inc., a Silver Spring, Md.-based provider of health information management software and services for health care organizations. No financial terms were disclosed. SoftMed is a portfolio company of TA Associates, and was valued at about $195 million when TA invested $45 million in a private equity deal in late 1999.
Earlier this month, SoftMed was sued by Burlington, Mass.-based Nuance Communications, which alleged that SoftMed infringed on its patents covering digital dictation systems.
, a Gaithersburg, Md.-based provider of B2B ecommerce solutions, has acquired UDEX Ltd., a Newport, U.K.-based provider of product data quality services. No financial terms were disclosed.
UDEX, which maintains a U.S. operation in Redwood City, Calif., had raised more than $20 million in VC funding from such firms as 3i Group, Northbridge Ventures and Montagu Private Equity.
(Nasdaq: PHRM) has acquired Cabrellis Pharmaceuticals, a San Diego-based oncology company. The deal includes an initial cash payment of $59 million, plus the possibility of two milestone payments of $12.5 million each. Cabrellis raised $27.5 million in Series A funding earlier this year from Domain Associates, Forward Ventures, Lilly Ventures, ProQuest Investments, RBC Capital Partners, RiverVest Venture Partners and SR One Ltd. —PE Week staff