Vontu sale to Symantec for 10x VC funding
Symantec Corp. (Nasdaq: SYMC) has agreed to acquire Vontu Inc., a San Francisco-based provider of data loss prevention solutions. The deal is valued at $350 million in cash and assumed options, and is expected to close later this quarter. Vontu has raised $35 million in VC funding since 2002 from such firms as Benchmark Capital, U.S. Venture Partners, Venrock and GM Investment Management Co.
AOL scoops up Quigo
AOL has agreed to acquire Quigo Technologies Inc., a New York-based provider of contextual online advertising solutions. No financial terms were disclosed. Quigo has raised more than $11 million in venture funding from Highland Capital Partners, Institutional Venture Partners and Steamboat Ventures.
CyOptics buys InPlane
CyOptics Inc., a Breinigsville, Penn.-based supplier of high-speed optical chips and components for broadband communications solutions, has acquired Inplane Photonics Inc., a South Plainfield, N.J.-based manufacturer of planer lightwave circuits for optical networks in telecom and defense applications. No financial terms were disclosed. Inplane Photonics had raised about $38 million in VC funding from JVP and Morgenthaler Ventures.
JVP is also a backer of CyOptics, which has has raised more than $123 million in VC funding since 1999 from multiple investors.
PNC buys Albridge
PCN Financial Services Group has agreed to acquire Albridge Solutions Inc., a Lawrenceville, N.J.-based provider of portfolio accounting and enterprise wealth management services. No financial terms were disclosed. Albridge Solutions raised $23 million in VC funding between 2000 and 2003 from such firms as Boston Ventures, Charterhouse Group International, Desai Capital Management, Axiom Venture Partners, Hudson Venture Partners, ING Aetna Financial and Allianz Private Equity Partners.
Purisma sells for $48M
D&B (NYSE: DNB) has acquired Purisma Inc., a Redwood City, Calif.-based provider of commercial data integration, for $48 million. Purisma had raised $12.6 million in VC funding from Granite Ventures, Worldview Technology Partners, Informatica and Oracle.
ING pays $220M for ShareBuilder
ING has agreed to acquire ShareBuilder Corp., a Bellevue, Wash.-based online brokerage, for $220 million in cash. ShareBuilder has raised about $75 million in VC funding since 1999 from such firms as Madrona Venture Group, Guide Ventures, Beranova Capital Co., WM Strategic Capital Fund, Lake Street Capital, Goldman Sachs, Wells Fargo and Kirlan Venture Capital.
Inovis acquires BetweenMarkets
Inovis Inc., an Alpharetta, Ga.-based provider of software and services to support online B2B trading, has acquired BetweenMarkets Inc., an Austin, Texas–based provider of on-demand trading partner applications for supply chain hubs and suppliers. No financial terms were disclosed. BetweenMarkets has raised about $18 million in VC funding from Austin Ventures, CentrePoint Venture Partners, Trellis Partners and other investors.
Inovis is backed by Cerberus Capital Management and Golden Gate Capital.
Providence buys LogistiCare
The Providence Service Corp. (Nasdaq: PRSC) has agreed to acquire LogistiCare Inc., an Atlanta-based coordinator of non-emergency transportation services to Medicaid recipients, from Charterhouse Group, Summit Partners and AlpInvest Partners. The deal is valued at about $220 million in cash and converted employee stock options, which is about 9x estimated 2007 EBITDA. The sellers also could receive a $40 million earn-out in 2004. LogistiCare was acquired by the sellers in 2004 for about $155 million.