Exit watch, week of Jan. 11, 2010

Apple acquires Quattro

Apple

has agreed to buy Quattro Wireless, a Waltham, Mass.-based operator of a mobile ad network for $275 million. Quattro has raised about $28 million in VC funding from Highland Capital Partners and Globespan Capital Partners.

Dot buys Cloverleaf for $12M

Dot Hill Systems Corp.

(Nasdaq: HILL) has agreed to acquire Cloverleaf Communications Inc., a Southborough, Mass.-based developer of heterogeneous storage virtualization and unified storage technologies. The deal is valued at about $12 million, including $2.5 million in cash. Cloverleaf had raised nearly $15 million in VC funding from Genesis Partners, BancBoston Ventures and Hyperion Partners.

EMC scoops up Archer

EMC Corp.

(NYSE: EMC) has agreed to acquire Archer Technologies, an Overland Park, Kansas-based provider of enterprise governance, risk and compliance solutions. No financial terms were disclosed. Bain Capital Ventures is a minority shareholder in Archer Technologies.

Novartis acquires Corthera

Novartis

has agreed to buy Corthera Inc., a San Mateo, Calif.-based drug company whose lead candidate is a potential treatment option for patients with acute decompensated heart failure. The deal includes a $120 million up-front payment, plus up to $500 million in milestone payments. Corthera has raised nearly $70 million in VC funding since 2003 from Domain Associates, Kleiner Perkins Caufield & Byers, Caxton Advantage Life Science Fund and Sears Capital Management.

Photop sells for $77.6M

II-VI Inc.

(Nasdaq: IIVI) has agreed to acquire Photop Technologies Inc., a Fuzhou, China-based manufacturer of photonics products. The deal is valued at about $77.6 million, including $45.6 million in cash and 1.15 million shares of II-VI common stock. Photop had raised $10 million in 2007 from Walden International.

Drugstore swallows Salu for $36M

Drugstore.com Inc.

(Nasdaq: DSCM) has agreed to acquire Salu Inc., operator of online retailer SkinStore.com. The deal is valued at $36 million, with half to be paid in cash and half to be paid in Drugstore.com stock. Salu has raised about $40 million in VC funding since 1999 from Atlas Venture, El Dorado Ventures and Lumira Capital.

Nuance nabs SpinVox

Nuance Communications Inc. (Nasdaq: NUAN) has acquired SpinVox, a London-based provider of voice-to-screen messaging solutions. The deal is valued at $102.5 million, including $66 million in cash and about 2.3 million shares of Nuance common stock. SpinVox had raised more than $125 million in VC funding from Goldman Sachs, GLG Partners and Toscafund.

AstraZeneca nabs Novexel

AstraZeneca

has agreed to acquire Novexel, a French infection research company. The deal includes a $375 million up-front cash payment, plus up to $75 million in milestone payments. Novexel has raised about $127 million in VC funding since 2004 from Atlas Venture, Abingworth Management, 3i Group, Goldman Sachs, Sofinnova Partners, Edmond de Rothschild Investment Partners, 123Venture, Daiwa SMBC Capital and Novo AS.

Pinch grabs Flurry

Pinch Media

of New York has agreed to merge with San Francisco-based Flurry to form a combined provider of mobile data analytics. No financial terms were disclosed. Flurry is backed by nearly $4 million from Borealis Ventures, Draper Fisher Jurvetson and Village Ventures. Pinch Media has raised an undisclosed amount of seed funding from Union Square Ventures, First Round Capital, Sharkey Goldstein Capital and individual investors.

Limelight acquires EyeWonder for $110

Limelight Networks Inc.

(Nasdaq: LLNW) has agreed to acquire EyeWonder Inc., an Atlanta-based provider of leading provider of interactive digital advertising products and services. The deal is valued at about $110 million, including $62 million in cash. EyeWonder raised an undisclosed amount of growth equity in 2007 from BIA Digital Partners.

JaJah sells for $210M

Telefónica

has acquired JaJah Inc., a Menlo Park, Calif.-based Internet telephone company, for about $210 million in cash. JaJah had raised nearly $28 million in VC funding from Globespan Capital Partners, Intel Capital, Deutsche Telekom and Sequoia Capital.

Energy Recovery buys Pump Engineering

Energy Recovery Inc.

(Nasdaq: ERII) has acquired Pump Engineering, a New Boston, Mich.-based provider of centrifugal turbine energy-saving technology for seawater and brackish desalination applications. The deal is valued at about $26.7 million, including $20 million in cash and 1 million shares of stock. Pump Engineering raised an undisclosed amount of VC funding from Plymouth Venture Partners.

TA sells stake in Logistics Health

TA Associates

has sold its ownership stake in Logistics Health, a LaCrosse, Wis.-based health care delivery system serving patients in western Wisconsin, southeastern Minnesota and northeastern Iowa, to Gundersen Lutheran. No financial terms were disclosed. TA originally backed Logistics Health back in 2003, with a $72.5 million investment.

Anesiva, Arcion merger scrapped

Anesiva Inc. (Nasdaq: ANSV) has canceled its previously announced reverse merger with Arcion Therapeutics, a Baltimore-based biotech company focused on alleviating pain associated with diabetic neuropathy. Anesiva said it was unable to satisfy certain closing conditions, and that it will file for bankruptcy. Arcion has raised more than $17 million in VC funding from CMEA Capital and InterWest Partners.

Critical Path buys ShoZu

Critical Path Inc.

, a provider of provider of messaging applications and enterprise solutions, has acquired ShoZu Inc., a U.K.-based provider of solutions for exchanging content between mobile phones and Web-based social media sites. No financial terms were disclosed. ShoZu has raised more than $25 million in VC funding from SEB Venture Capital, Atlas Venture, Crescendo Ventures and TTP Ventures. Critical Path was taken private in 2008 by General Atlantic Partners and Cheung Kong Group.