M&A Snapshot Q4 2011

8/3/2019 M&A Snapshot Q4 2011

1/12

M&ASNAPSHOTQ4 2011

JANUARY 2012

8/3/2019 M&A Snapshot Q4 2011

2/12

8/3/2019 M&A Snapshot Q4 2011

3/12

COVERAGEArchitect Partners tracks M&A activity within the convergingInternet | mobile | digital media sectors. The following

assessment is focused on M&A transactions with announcedvalues of between $25mm and $1B as these typically

represent successful business-building endeavors.

MARKET TONEGood. Transaction volume off a bitfrom earlier in 2011. Generally

balanced buyer/seller dynamics.

Note: 1) Includes all Internet | mobile | digital media transactions regardless of transaction value.Transaction values within a range are presented as a mid-point value

3

M&A Exits (#)...........................................................................................

Total Consideration Paid ($b)................ ........................................ .....

Venture-Backed M&A Exits (#)........................................ ...................

Median Transaction Size ($mm)........................................ .................

U.S.-based Target (%)................................................ ............................

All Internet | Mobile | Digital Media M&A Exits(1)(#).....................

2010

Q1 Q2 Q3 Q4

45%

55%52%

49%

$6 $5

$12 $12

38 40

68

53

$75

$100 $98 $105

12

17 18 16

!"#$$ !%#$$ !"&$!'($

M&ADASHBOARD

$14$12

$11$9

6861 63

57

$98$113

$80$90

48% 49%52%

42%

27

23 23

19

2011

Q1 Q2 Q3 Q4

!"#$ !%&$ !"'$!(#$

8/3/2019 M&A Snapshot Q4 2011

4/12

NOTABLEACQUIRERS

The following acquirers are generally active or influential buyers within the Internet | mobile | digital media sectors. Below,

we highlight announced acquisitions in the fourth quarter of 2011.

4

ACQUIRER # TARGET

6

5

5

4

4

2

2

2

2

2

2

2

Certain Assets

8/3/2019 M&A Snapshot Q4 2011

5/12

NOTABLEACQUIRERS (continued)

5

ACQUIRER # TARGET

2

2

2

2

2

2

1

1

1

1

1

1

1

1

8/3/2019 M&A Snapshot Q4 2011

6/12

#

ANNOUNCED

DATE BUYER TARGET

TRANSACTION

VA LUE ($ MM ) TA RG ET DESC RIPT IO N

AP

INSIGHTSM

M&A ALERT

VC-

BACKED

NON-SERVICE PROVIDER TRANSACTIONS

1 11/06/2011 ZelnickMedia, ComvestInvestment Partners,Sankaty Advisors, GSOCapital Partners, SirisCapital

Tekelec $778 Offers solutions including SMS gateways, bandwidth policy management andsubscriber data management to enable service providers to manage andmonetize mobile data traffic and multimedia applications.

2 10/24/2011 Mattel HIT Entertainment $680 Develops and licenses children's entertainment content including television andvideo production, publishing, consumer products licensing, and live events.

3 10/11/2011 NeuStar TARGUS Information $650 Provides real-time intelligence and data analytics services for caller ID and onlineinformation helping its enterprise customers identify, verify, score and locate theircustomers and prospects.

4 10/27/2011 Sterling Partners MOSAID Technologies $551 Develops wireless/wireline semiconductor and communications technologies.

5 12/07/2011 IBM DemandTec $486 Offers cloud-based analytics application software that enables retailers andmerchants to examine different customer buying scenarios, both online and in-store, and spot trends and shopper insights to make better price, promotion, andassortment decisions.

6 12/20/2011 Apple Anobit $400 A semiconductor company. Develops solutions for the flash memory in mobilecomputing devices.

!

7 11/08/2011 Rakuten Kobo $315 Develops e-readers and applications that enable users to read eBooks, magazinesand newspapers on smartphones and laptops.

!

8 12/21/2011 EQT Partners Ventelo Holding $303 Provides software for the data communication and telecommunication industry.

9 10/31/2011 Yahoo! interCLICK $270 Offers marketers data-enabled on-line ad targeting capabilities. interclicksanalytic platform, known as Open Segment Manager (OMS), assesses a widevariety of commercially available data (over 20 sources), as well as proprietarydata provided by customers, to segment and target the desired audience for on-line ad placement.

10 12/22/2011 Akamai Cotendo $268 Offers acceleration for dynamic web content, web applications, mobile sites,secure content delivery, intelligent load balancing, performance monitoring, real-time reporting and analytics.

!

M&ATRANSACTIONS: $25MM-$1B

Below highlights M&A transactions that have announced values of between $25mm and $1b announced in Q4 2011 within theconverging Internet | mobile | digital media sectors.

6

Note: Transaction values within a range are presented as a mid-point value

8/3/2019 M&A Snapshot Q4 2011

7/12

#

ANNOUNCED

DATE BUYER TARGET

TRANSACTION

VA LUE ($ MM ) TA RG ET D ES CRIP TION

AP

INSIGHTSM

M&A ALERT

VC-

BACKED

11 12/19/2011 Belden RuggedCom $263 Designs and manufactures communications networking solutions including IP-

based rugged communications networking solutions for mission-criticalapplications in harsh environments.

12 10/03/2011 The E. W. Scripps

Company

McGraw-Hill

Broadcasting Company

$212 Operates news channels and websites providing information and entertainment.

13 10/10/2011 Arris Group BigBand Networks $172 Provides digital video network solutions that enable cable multiple system

operators (MSOs) to offer bandwidth-efficient IP-based video services(including digital TV, high definition TV, video-on-demand, interactive TV and

video advertising insertion) across multiple physical networks including coaxial,fiber and copper, and wireless.

!

14 10/12/2011 KDDI Cdnetworks $167 Provides content delivery and streaming services.

15 11/29/2011 Changyou.com Kylie Enterprises $163 Operates an online Chinese gaming portal 17173.com.

16 10/04/2011 Red Hat Gluster $140 Designs and develops cloud management software. !

17 12/16/2011 VistaPrint Webs $118 Provides Website creation templates and tools. Offers service features including

blogs, Web stores, member profiles and group publishing.!

18 10/14/2011 Skillsoft IrelandLimited; SkillSoftCorporation

Element K $110 Provides online enterprise learning services.

19 11/04/2011 DragonWave Nokia SiemensNetworks's Microwave

Transport Business

$106 Offers microwave network and transportation solutions including base stationsand radio controls. Upon acquisition, DragonWave is to sup ply microwave

transmitters to Nokia Siemens clients.

20 12/23/2011 Paragon Par tners Wer L iefert Was $103 D evelops search engines for the bus iness-to-bus iness (B-to-B) sector. Enablespurchasing decision-makers to conduct their search for suitable manufacturers,service provider, and distributors.

21 10/07/2011 Nuance Swype $103 Develops, and delivers onscreen keyboard-based text input solutions for mobiletouch-screen devices.

!

22 10/06/2011 RIM NewBay $100 Provides a cloud-based service allowing users to store and share pictures, videos,address books, calendars across devices including PC, mobile phones, tablets and

televisions.

!

23 10/20/2011 Cisco BNI Video $99 Provides video delivery technology that enables cable operators and other

service providers to deliver and manage IP-based video services across a broadrange of connected devices.

!

24 10/24/2011 Vistaprint Albumprinter $91 Provides creation and printing software that enables consumers to create photo

books, calendars and diaries using a PC application.

25 10/10/2011 Keynote Systems Mobile Complete $90 Provides enterprise-class cloud-based platform for testing and monitoring the

functionality, usability, performance and availability of mobile applications andwebsites.

!

M&ATRANSACTIONS: $25MM-$1B (continued)

7


8/3/2019 M&A Snapshot Q4 2011

8/12

8/3/2019 M&A Snapshot Q4 2011

9/12


9


#

ANNOUNCED

DATE BUYER TARGET

TRANSACTION

VA LUE ($M M) TA RG ET D ES CRIP TION

AP

INSIGHTSM

M&A ALERT

VC-

BACKED

41 11/06/2011 Lenco Mobile iLoop Mobile $37 A mobile marketing company. Offers a Web-based software that enables

marketers to offer SMS marketing and messaging, mobile Internet sites andmobile advertising offers.

!

42 12/16/2011 Playtech Ash Gaming $36 Designs and develops gambling and betting games for the online gamingindustry.

43 12/14/2011 SMARTRAC KSW Microtec $31 Develops radio frequency identification (RFID) components including contactlesscredit cards and access systems and high security, logistics and public transport

and asset management applications.

44 11/02/2011 Alvarion Wavion $30 Provides outdoor WiFi applications for metro and rural areas. Offers Wi-Fi BaseStations that accommodate unlicensed and licensed bands and end-to-endsolutions including access, backhaul, CPEs, management and service provisioningtools

!

45 11/02/2011 Kavveri Telecom

Products

Rymsa Telecom $28 Develops antenna systems for mobile telephony base stations.

46 12/22/2011 Daum Communications OnNet Korea $27 Online game development and publishing company.

47 10/06/2011 Panasonic Starling AdvancedCommunications

$25 Develops satellite-based communication antennas that enable faster, reliable andmore efficient broadband connectivity on a mobile platform.

8/3/2019 M&A Snapshot Q4 2011

10/12


10


#

ANNOUNCED

DATE BUYER TARGET

TRANSACTION

VA LUE ($ MM ) TA RG ET D ESCRIP TION

AP

INSIGHTSM

M&A ALERT

VC-

BACKED

SERVICE PROVIDER TRANSACTIONS

1 11/02/2011 Sinclair Broadcast

Group

Freedom

Communications,Broadcast Assets

$385 Freedom Communications' Broadcast Assets comprises eight television stations

in the U.S.

2 10/17/2011 Dogus Yayin Grubu Isil TelevisionBroadcasting

$327 Provides television broadcasting services. Based in Turkey.

3 12/23/2011 CJSC Holding Company

Siberian BusinessUnion; EnergoKuzbass

E uro pa Me di a G ro up $ 16 0 O wn s a nd op era te s ra di o b ro ad ca st in g st at ion s i n R us si an F ed erat ion .

4 12/22/2011 iiNet Internode $106 Provides voice, data, and entertainment services for corporate and residential

users. Australia-based.

5 12/09/2011 Open joint stock

company MegaFon

Yugratel $77 Offers telecommunication services. Russia-based.

6 11/21/2011 iiNet TransACT CapitalCommunications

$59 Provides subscription television, and phone and broadband services. Australia-based.

7 10/17/2011 ISIS Equity Partners The Onyx Group $43 Provides Internet connectivity services. Based in the U.K.

8 11/30/2011 Multimedia Polska StreamCommunications

$42 Provides cable television, high-speed Internet access, and voice over Internetprotocol services in Southern Poland.

9 12/27/2011 Hyundai HCN Pohang CableBroadcasting

$40 A cable broadcasting company. Korea-based.

10 12/05/2011 Hickory Tech IdeaOne Telecom

Group

$28 A metro fiber network provider in Fargo, North Dakota.

8/3/2019 M&A Snapshot Q4 2011

11/12

#

ANNOUNCED

DATE BUYER TARGET

TRANSACTION

VA LUE ($ MM ) TA RG ET D ESCRIP TION

AP

INSIGHTSM

M&A ALERT

VC-

BACKED

OTHER TRANSACTIONS

1 12/23/2011 Apax Partners Orange

Communications

$2,131 Provides mobile communications services in Switzerland. Services include ADSL,

Internet and Live TV; email, mobile email, SMS, and MMS. Switzerland-based.

2 1 0/2 3/2 01 1 O ra cl e R ig ht now Te ch no lo gi es $ 1, 76 3 P rov id es c lou d- bas ed cu st om er e xp eri en ce s of tw are m an ag em en t. O ffe rs acustomer experience suite for consumer-centric organizations to enable

interactions across Web, social, and contact center touch points.

3 10/18/2011 Oracle Endeca $1,075 Provides enterprise search and business intelligence software that improve dailydecisions for employees and purchase decisions for customers.

!

4 1 1/ 12 /20 11 Ve riF on e P oi nt I nt ern at io na l $ 1,05 0 P rov id es m ul ti -c han ne l p ay me nt s olu tio ns t o me rch an ts , i nc lu di ng e le ct ron icpayment solutions that range from mobile devices to terminals or integrateddevices to serve various customer needs and various contactless payment

solutions.

5 10/03/2011 Adobe Nitobi - Develops PhoneGap, an open source HTML5 mobile application developmentplatform, which allows developers to create cross-platform native mobileapplications using HTML and JavaScript.

6 11/01/2011 VeriFone Global Bay MobileTechnologies Inc.

- Provides a mobile retail software platform that can be custom-configured andseamlessly integrated into merchants existing POS, CRM, eCommerce andtraditional store systems.

7 10/31/2011 Adobe Auditude - Provides online video advertising technology and monetization solutions forcontent owners and distributors.

!

8 11/30/2011 Adobe Efficient Frontier - Operates as a digital performance marketing company that manages search anddisplay optimization for search engine, display, and social media marketing.

!

11

A number of important transactions were announced in the fourth quarter of 2011 with consideration in excess of $1b or with

unannounced transaction values.

M&ATRANSACTIONS: OTHER NOTABLE


8/3/2019 M&A Snapshot Q4 2011

12/12

Documents

M&A Snapshot Q4 2011