Exit watch, week of April 7, 2008

Nielson tunes in to IAG for $225M

The Nielson Co.

has agreed to acquire IAG Research, a New York-based provider of analytics for television ad effectiveness. The deal is valued at $225 million, and is expected to close later this quarter. IAG had raised more than $71 million in VC funding since 2001, including a $47.5 million Series E round in 2006 from Insight Venture Partners and Bessemer Venture Partners.

MeeVee up for sale

MeeVee Inc., a Burlingame, Calif.-based provider of online video entertainment search solutions, has put itself up for sale. In a press release, the company states that the “accelerated development of the online entertainment market” has led the company to determine that “combining with an established player will maximize the potential for the community, technology and content relationships [MeeVee] has built.” MeeVee has raised about $27 million in VC funding from such firms as Bay Area Equity Fund, Defta Partners, FCPR Israel Discovery Fund, Labrador Ventures, Rothschild Ventures and WaldenVC.

Nimsoft acquires Indicative

Nimsoft

, a Redwood City, Calif.-based provider of IT service-level management solutions, has acquired Fort Collins, Colo.-based competitor Indicative Software for an undisclosed amount. Indicative has raised more than $17 million from Sequel Venture Partners, Sutter Hill Ventures and Vista Ventures. Nimsoft last year raised more than $10 million from JMI Equity and Northzone Ventures.

Imeem buys Snocap

Imeem Inc.

, a Palo Alto, Calif.-based social media network, has acquired Snocap, a Palo Alto-based provider of digital rights and content management solutions. No financial terms were disclosed. Snocap has raised more than $25 million from Morgenthaler Ventures, Walden Venture Capital and Court Square Ventures. Imeem has raised more than $5 million from by Morgenthaler and Sequoia Capital.

Xtera buys Meriton

Xtera Communications

, an Allen, Texas-based provider of optical networking and services, has acquired Meriton Networks Inc., an Ottawa-based metro optical networking company. No financial terms were disclosed. Meriton had raised $116 million from Sierra Ventures, Primaxis Technology Ventures, Oak Investment Partners, VenGrowth, RBC Capital Partners, Investissement Desjardins, Newbury Ventures, VantagePoint Venture Partners, JVP, Nomura International and Skypoint Capital Corp. Xtera has raised $218 million from The Wellcome Trust, New Enterprise Associates and Arch Venture Partners.

UK chip company buys Sirific

Icera Inc., a U.K.-based developer of wireless chipsets, has acquired Sirific Wireless Ltd., a Richardson, Texas-based fabless provider of single-chip, multi-band CMOS RF transceivers for the 3.5G market. No financial terms were disclosed. Sirific had raised $56 million from Hunt Ventures, BDC Venture Capital, Celtic House, GrowthWorks, Intel Capital, TD Capital Ventures and Tech Capital Partners. Icera has raised $140 million since 2002, including a recently announced $40 million Series D round that closed last September led by Tudor Investment Corp. and included Accel Partners, Atlas Venture, Amadeus Capital Partners, Balderton Capital and 3i Group.

Entropic gets Vativ assets

Entropic Communications Inc.

has acquired the assets of Vativ Technologies, a San Diego-based fabless maker of advanced digital signal processing solutions. The deal is valued at $5.9 million in cash. Vativ had raised $37 million in VC funding since 2001 from Forrest Binkley & Brown, InnoCal Venture Capital, Intel Capital, Mission Ventures and Redpoint Ventures.

SafeNet acquires Ingrian

SafeNet Inc.

, an information security company owned by Vector Capital, has completed its acquisition of Ingrian Networks Inc., a Redwood City, Calif.-based provider of enterprise data protection and privacy solutions. No financial terms were disclosed. Ingrian has raised more than $57 million in VC funding since 2000 from such firms as Prism VentureWorks, Globespan Capital Partners, Menlo Ventures, Jafco and HighBAR Ventures.

J.D. Power buys Umbria

J.D. Power and Associates

, a subsidiary of The McGraw-Hill Cos., has acquired Umbria Inc., a Boulder, Colo.-based provider of social media and consumer-generated media research. No financial terms were disclosed. Umbria had raised more than $12 million in VC funding since 2005 from such firms as ArrowPath Venture Capital, Sequel Venture Partners and Vista Ventures.

HealthExtras buys HospiScript for $100M

HealthExtras Inc., a pharmacy-benefit management company, has agreed to buy HospiScript Services for $100 million in cash. HospiScript, based in Montgomery, Ala., and which manages pharmacy services for hospices in 46 states, raised $4 million from Advantage Capital Alabama and Waveland NCP Alabama Ventures.

Buzznet scoops up Qloud

Buzznet Inc.

, a Los Angeles-based social media community focused on music and pop culture, has acquired Washington, DC-based social music company Qloud, as first reported by Mashable.com. No financial terms were reported. Qloud, which was started by former AOL employees, had raised capital from Steve Case, Ted Leonsis and others. Buzznet last year raised a $6 million Series B round. Investors include Interscope Records, Redpoint Ventures and Anthem Venture Partners.