Exit watch, week of Oct. 29, 2007

OPNET buys Network PhysicsOPNET Technologies Inc. (Nasdaq: OPNT) has acquired substantially all the assets of Network Physics Inc., a Mountain View, Calif.-based provider of application performance management software. The deal was valued at $10 million in cash. Network Physics had raised more than $63 million in VC funding since 2000 from such firms as Sofinnova Ventures, Trinity Ventures, Intel Capital, Lucent Venture Partners, Palomar Ventures, SunAmerica Ventures and VantagePoint Venture Partners.

ADC acquires LGC WirelessADC (Nasdaq: ADCT) has agreed to acquire LGC Wireless Inc., a San Jose, Calif.-based provider of in-building wireless networking solutions. The deal is valued at about $169 million, including an equity purchase price of $148.5 million in cash. LGC has raised about $91 million in VC funding from such firms as Rembrandt Venture Partners, Associated Venture Capital, Crimson, Mayfield Fund, Allegis Capital, Ontario Municipal Employees Retirement System, Telesystem-Argo Global Capital and Dali Hook Partners.

MarketRx sells for $135M in cashCognizant Technology Solutions Corp. (Nasdaq: CTSH) has agreed to acquire MarketRx Inc., a Bridgewater, N.J.-based provider of analytics and related software to life sciences companies. The deal is valued at about $135 million in cash, and is expected to close later this year. MarketRx has raised more $8 million in VC funding from such firms as Sequoia Capital India (f.k.a. WestBridge Capital Partners).

MacroGenics, Eli Lilly partner in $1B deal

MacroGenics Inc. and Eli Lilly & Co. (NYSE: LLY) have entered into a strategic agreement to develop and commercialize an antibody. The deal could be worth in excess of $1 billion for MacroGenics based on various sales milestones. Rockville, Md.-based MacroGenics has raised more than $105 million in VC funding from Ventures West, Caisse de depot et placement du Quebec, RiverVest Venture Partners, Biogen Idec New Ventures, TPG Ventures, Alta Partners, InterWest Partners, MPM Capital, Mithra Ventures, OrbiMed Advisors and Red Abbey Venture Partners.

Comverge files for secondary offering

Comverge Inc. (Nasdaq: COMV), an East Hanover, N.J.-based provider of hardware and software to utilities, has filed for a $200 million secondary public offering. It has not yet identified selling shareholders, but many of the company’s VC backers still have significant holdings. They include Nth Power, EnerTech Capital Partners and Rockport Capital Partners.

Insulet files secondary offering

Insulet Corp. (Nasdaq: PODD), a Bedford, Mass.-based maker of wireless glucose pumps for diabetics, has filed for a secondary public offering of about 4.77 million shares. The offering would raise just over $113 million, based on a closing stock price of about $24 per share. Selling shareholders include Alta Partners, SV Life Sciences, Pequot Capital, Prism VentureWorks, TIAA-CREF, MedVentures and Silicon Valley Bank. Each of those firms, with the exception of MedVentures, will retain shares following the offering.