Exit Watch

WebMD acquires Medsite

WebMD Health Corp. (Nasdaq: WBMD) has agreed to acquire Medsite Inc., a New York-based company that helps drug companies market to physicians. The deal is valued at $41 million in cash, and is expected to close later this year. Medsite has raised about $118 million in total VC funding since 1998, including a 1999 infusion that valued the company at about $182 million. Shareholders include JPMorgan Partners, Argentum Group, Morgan Stanley Venture Partners, Lightspeed Venture Partners, RVC Europe, Tenet Healthcare Corp., ICICI Venture Funds and Trust Co. of the West.

Wireless buys MobileAria

Wireless Matrix Corp. (TSX: WRX) has agreed to pay about $11 million to acquire MobileAria Inc., a Mountain View, Calif.-based provider of mobile resource management and mobile workforce connectivity solutions. Delphi Automotive held a 71% stake in MobileAria, with the sale being approved by the bankruptcy court currently overseeing Delphi. Other MobileAria shareholders included Mayfield and Palm Ventures. @Road had originally won the bankruptcy auction for MobileAria, but could not close the deal because of capability concerns voiced by major MobileAria customer Verizon.

Verizon calls up Inceptor

Verizon Directories Corp., a subsidiary of Verizon (NYSE: VZ), has acquired the assets of Inceptor Inc., a Maynard, Mass.-based provider of search marketing technology. No financial terms were disclosed. Inceptor has raised about $20 million in VC funding since its 1999 inception, from such firms as SI Ventures, CrossBow Ventures, Mesco Ltd., Wexford Capital and InCentive Capital Group.

Pitney nabs print supply company

Pitney Bowes Inc. (NYSE: PBI) has agreed to acquire Print Inc., a Kirkland, Wash.-based provider of bundled offerings of printer supplies, service and equipment to manage document production. The deal is valued at about $47 million. Print raised $7.4 million in VC funding from ABS Capital Partners in 2004.

Nanometrics buys Accent Optical

Nanometrics Inc. (Nasdaq: NANO) has acquired Accent Optical Technologies Inc., a Bend, Ore.-based supplier of overlay and thin film metrology and process control systems to the global semiconductor manufacturing industry. The deal is valued at about $44 million in cash, with Nanometrics also to retire about $10 million in Accent debt obligations. Accent Optical raised about $20 million in VC funding from such firms as FleetBoston Financial, Winfield Capital, NetNet Ventures, Mentmore Venture Partners and MCP Global.

ICx gets Griffin

ICx Technologies Inc., a Washington, D.C.-based provider of homeland security solutions, has acquired Griffin Analytical Technologies, a West Lafayette, Ind.-based maker of field-located chemical detection and analysis solutions. ICx is backed by an affiliate of Wexford Capital, while Griffin has raised an undisclosed amount of venture funding from Rose-Hulman Ventures and Twilight Venture Partners.