Exit watch, week of April 5, 2010

Nokia nabs NovarraNokia (NYSE: NOK) has agreed to acquire Novarra Inc., an Itasca, Ill.-based provider of mobile Internet browsing software. No financial terms were disclosed. Novarra has raised about $88 million in VC funding from JK&B Capital, Qualcomm, Fort Washington Capital Partners, Kettle Partners and Colorado Investment Securities.

SunPower buys SunRay for $277M
SunPower Corp. (Nasdaq: SPWRA) has completed its acquisition of SunRay Renewable Energy, a Malta-based developer of European solar energy projects. The deal was valued at about $277 million, including $235 million in cash and $42 million in a letter of credit and promissory notes. Last year, SunRay raised $200 million in equity from Denham Capital Management.

Connexus, Epic merge
Connexus Corp., operator of ad network and social media platform Traffic Marketplace, has agreed to merge with Epic Advertising, a New York-based performance network and search marketing company. No financial terms were disclosed. Shareholders of Connexus include Insight Venture Partners, Idealab, Oak Investment Partners and Trilogy Capital Partners. Epic Advertising backers include TA Associates.

VPIsystems buys Elanti Systems
VPIsystems, a Holmdel, N.J.-based provider of mobile network analytics and capacity management software, has acquired Elanti Systems, a provider of routing software for carrier networks. No financial terms were disclosed, except that existing VPIsystems and Elanti Systems shareholders invested an additional $4 million in the combined company. Elanti shareholders include New Venture Partners and Innovation Capital, while VPIsystems backers include AlpInvest Partners, Cipio Partners and Core Capital Partners.

Deutsche Telekom buys ClickandBuy
Deutsche Telekom has acquired all remaining shares in ClickandBuy, a European digital payments platform and e-payments system. Financial terms were not disclosed. Deutsche Telekom previously held a 20.2% stake in the company via its venture capital subsidiary. Other ClickandBuy investors included Intel Capital.