Media Business News and Trends

Enterprise cloud computing company Salesforce.com announced it has completed its acquisition of Dimdim for approximately $31 million in cash. Founded in 2007, Dimdim develops real-time communication technologies, including presence, messaging and screen sharing. According to Salesforce.com, the company will use the acquisition to bring new real-time communication capabilities to the Chatter collaboration platform.

Posted Jan 13, 2011

Access Intelligence (AI) has acquired OR Manager, a media brand and events company serving operating room executives, managers, and doctors. OR Manager's suite of publications, webinars, books, and an annual conference will become part of AI's healthcare business information group, Dorland Health.

Posted Jan 11, 2011

MedTech Media, LLC's founder Neil Rouda has sold MedTech Media to the Healthcare Information and Management System Society (HIMSS). Berkery, Noyes & Co., LLC assisted in negotiations of the transaction.

Posted Jan 11, 2011

ProQuest has acquired ebrary. The agreement will combine the companies' technologies and add a quarter of a million ebooks to ProQuest's content offerings. The combined collection will enable users to search across multiple formats, including books, journals, dissertations, newspapers, and video.

Posted Jan 11, 2011

Hoover's, Inc. has signed an agreement with LinkedIn to integrate elements of LinkedIn's functionality into Hoover's online business information platform. Hoover's customers will be able leverage existing connections within the Hoover's workflow.

Posted Jan 11, 2011

YouSendIt, Inc. announced the acquisitions of Attassa, an email collaboration company, and Zosh, an e-signature provider, for undisclosed amounts. YouSendIt will acquire the technology and personnel of the companies.

Posted Jan 06, 2011

Repucom America, LLC, a broadcast content measurement provider in the U.S., announced the acquisition of Kansas City, Kansas-based Image Impact, Inc., a provider of brand placement measurement in mass media programming.

Posted Jan 06, 2011

The NPD Group, Inc. signed an agreement to acquire In-Stat, LLC, an analyst-based research company focused on the mobile and digital entertainment industries. The acquisition will expand NPD's global coverage of analyst businesses in these markets. NPD also owns DisplaySearch, an electronics market research and consulting firm.

Posted Jan 06, 2011

According to a recent SEC filing by group-coupon site Groupon, the company has already raised $500 million out of an ongoing $1 billion fund-raising round thanks to participation from several investors, including Russian venture capital firm Digital Sky Technologies. The information was derived from a Securities and Exchange Commission form D Notice of Exempt Offering of Securities which was filed by the company on Dec. 30.

Posted Jan 04, 2011

SourceMedia, a financial services publisher, launched Investment Management Mandate Pipeline, an online service designed to provide leads on investment mandates for institutional asset managers. The site and alert service focus on finding and delivering leads on mandates from pension plan, endowment, foundation, and other large investment pools.

Posted Jan 04, 2011

USA TODAY announced the acquisition of Reviewed.com, a group of 12 product-review websites that provide comprehensive reviews for technology products such as digital cameras, camcorders and high definition televisions. Terms of the acquisition were not disclosed. Company management will continue in their current roles and the company will remain in Boston, Mass.

Posted Jan 04, 2011

Facebook is bringing in a $500 million investment from investment bank Goldman Sachs and Digital Sky Technologies, a Russian venture capital firm that has already contributed roughly half a million dollars to the social networking site, according to unnamed sources cited by the New York Times. The companies themselves declined to comment. If accurate, the deal would raise the market valuation of the company to roughly $50 billion.

Posted Jan 04, 2011

Following several weeks of speculation, it was confirmed on Monday that microblogging service Tumblr received $30 million of additional funding from Sequoia Capital, Union Square Ventures, and Spark Capital. Although information about the funding deal had been scarce, an SEC filing detailing the financing surfaced over the weekend, where it was uncovered by several news sites and blogs, including TechCrunch.

Posted Dec 21, 2010

AOL has agreed to acquire about.me, Inc., a product that allows people to create a single personal profile page that presents their online identities together in one place, to simplify the social experience across the web. This includes profiles on Linkedin, Twitter, Facebook, email, personal blogs and more.

Posted Dec 21, 2010

Thomson Reuters announced the launch of its offering of domestic news, information, and services to U.S. publishers and broadcasters, providing tools meant to increase efficiency, reduce cost, and drive revenue.

Posted Dec 16, 2010

TIME magazine named Facebook founder Mark Zuckerberg its 2010 Person of the Year. At 26, he is the youngest since Charles Lindbergh was named in 1927 at the age of 25.

Posted Dec 16, 2010

XING announced the acquisition of amiando, a Munich-based provider of online event management and ticketing services in Europe. The company has organized and processed some 100,000 events through its platform since 2009. The acquisition price comprises a number of components. XING AG will initially pay EUR 5.1 million, followed by an additional payment of up to EUR 5.25 million on March 31, 2013, if various conditions are met.

Posted Dec 14, 2010

LivingSocial announced a $175 million investment from Amazon, as well as an additional $8 million investment from Lightspeed Venture Partners. According to the company, LivingSocial will use this investment to maintain its worldwide growth efforts and overall business growth.

Posted Dec 07, 2010

Google is acquiring video optimization and DRM company Widevine for an undisclosed sum. Widevine develops digital media products for a wide variety of clients, including Cisco Systems, Charter Ventures, Liberty Global, Samsung and TELUS, with a particular focus on content protection through various forms of digital rights management.

Posted Dec 07, 2010

Thomson Reuters acquired GeneGo, a provider of biology and disease information, analytics, and decision support solutions for pharmaceutical research and development. GeneGo will become part of the Healthcare & Science business of Thomson Reuters. Financial terms of the transaction were not disclosed.

Posted Dec 02, 2010

Wolters Kluwer Health announced that one of its wholly-owned subsidiaries has entered into an agreement to acquire Pharmacy OneSource, a healthcare Software-as-a-Service (SaaS) provider that helps hospitals manage compliance and efficiency issues.

Posted Dec 02, 2010

ProQuest is expanding its service to government markets through the acquisition of the Congressional Information Service (CIS) and University Publications of America (UPA) product lines from LexisNexis. CIS includes an exhaustive online collection of legislative content and statistical works, while UPA includes deep historical sets and information. The acquisition includes digital products and a diverse microfilm vault.

Posted Dec 02, 2010

Online customer behavior analysis firm Site Intelligence has received an unknown amount of equity funding from Oxford Capital Partners, while appointing Peter Ryan as CEO.

Posted Nov 30, 2010

Workshare, a provider of document collaboration software, announced plans to quicken its expansion into the Asia Pacific region. The company attended the China Legal IT Summit for the first time, where Dan Filby, vice president of Workshare, was asked to chair the event.

Posted Nov 22, 2010

Meebo launched an alpha version of a web check-in system, which is available through a browser extension called the Meebo Minibar in addition to new profile pages and sites. Beginning in December, Meebo will begin rolling out its web check-in system on certain websites, starting with partners such as Macy's, Sprint, and L'Oréal Professionnel.

Posted Nov 22, 2010

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