CinemaNow just the ticket for Sonic
(Nasdaq: SNIC) has agreed to acquire CinemaNow Inc., a Marina Del Rey, Calif.-based online entertainment provider. No financial terms were disclosed. CinemaNow has raised more than $38 million in VC funding since 2000 from Cisco Systems, EchoStar Communications, Lions Gate Entertainment, Menlo Ventures, Microsoft Corp. and Trans Cosmos USA.
Staccato, Artimi merge
Staccato Communications, a San Diego-based developer of ultrawideband and wireless USB communications components, has agreed to merge with Artimi Ltd., a Santa Clara, Calif.-based fabless semiconductor company developing single-chip solutions for wireless connectivity based on UWB. The deal is structured as a 50/50 stock swap, plus $20 million in a new round of equity funding from existing investors of both companies. Staccato had previously raised about $94 million from Allegis Capital, Bay Partners, Charles River Ventures, Formative Ventures, InterWest Partners and Vision Capital. Artimi had raised more than $50 million from Accel Partners, Amadeus Capital Partners, Index Ventures, Khosla Ventures, Oak Investment Partners and Bank of Scotland Growth Equity.
WebVisible buys Adapt
, an Irvine, Calif.-based provider of online advertising search solutions for small businesses, has acquired Adapt Technologies Inc., a Pasadena, Calif.-based provider of applications for automating the management of search engine marketing campaigns. No financial terms were disclosed. Adapt Technologies raised about $10 million from Emergence Capital Partners and Mohr Davidow Ventures. WebVisible is also venture-backed, having raised $17 million in funding from Redpoint Ventures and Sutter Hill Ventures.
JDS acquires Circadiant
JDS Uniphase (Nasdaq: JDSU) has acquired Circadiant, an Allentown, Penn.-based provider of stressed signal test solutions. No financial terms were disclosed. Circadiant has raised more than $27 million in VC funding since 2001 from EnerTech Capital, TL Ventures and PA Early Stage.
London’s dx3 sold to IMImobile
IMImobile, a Hyderabad, India-based developer of wireless technology platforms and content aggregation services for mobile operators, has acquired dx3 Ltd., a London-based provider of content delivery services. No financial terms were disclosed. London-based NewMedia Spark invested more than $24 million in dx3 in 2000. IMImobile is also venture-backed, having raised $14 million from NewMedia Spark and FirstMark Capital.
BSquare buys TestQuest assets for $2.2M
(Nasdaq: BSQR) has acquired the assets of TestQuest, a San Mateo, Calif.-based provider of test automation and management solutions for mobile and embedded devices and applications. The deal is valued at $2.2 million in cash. TestQuest had raised more than $48 million in VC funding since its 1993 inception. Recent backers included Norwest Venture Partners, Needham Asset Management, RRE Ventures, Brightstone Capital and Gabriel Venture Partners.
M2 scoops up iKobo assets
M2 Global Ltd.
(BSX: M2G) has acquired the assets of iKobo Inc., an Atlanta-based provider of online electronic payment and remittance services. No financial terms were disclosed. IKobo had previously discontinued operations, after having raised more than $13 million in VC funding from Total Technology Ventures, Council Ventures, WS Investments, Silicon Alley Venture Partners, Greenhill Capital Partners and Global Bank of Commerce.
WebMD merger with MTS terminated
(Nasdaq: WBMD) and Marketing Technology Solutions Inc. (a.k.a. QualityHealth.com), an Edison, N.J.-based interactive marketing company for health care consumers, have mutually terminated their merger agreement. No explanation was provided. The original deal was to have included a $50 million up-front payment and up to $25 million in earn-outs. MTS had raised about $11.6 million in VC funding since 2000 from Hudson Venture Partners, Lazard Technology Partners and Palisade Capital Management.