Media Business News and Trends

United Business Media Ltd. (UBM) acquired OBGYN.net and related properties and assets from Medispeciality.com, Inc. for a total of $0.8 million. This acquisition expands UBM's network of sites aimed at medical professionals and gives the organization access to an audience of online healthcare readers, which UBM reports are in-demand for advertisers.

Posted Oct 19, 2010

Overdrive announced that Insight Venture Partners has made a major investment in the company. The investment, subject to regulatory approval, will help Overdrive to expand its resources and capital.

Posted Oct 19, 2010

ChaCha recently closed a $20 million financing round led by new investors VantagePoint Venture Partners and Rho Ventures. Since its founding 5 years ago, ChaCha has also raised capital from numerous other technology organizations/individuals, venture capitalists, and angel investors, including Jeff Bezos, Rod Canion, and Jack Gill.

Posted Oct 19, 2010

Mendeley, a London-based technology startup that provides a research collaboration platform, opened an office in New York. Mendeley's desktop software automatically extracts relevant information from documents, allowing researchers to organize a personal digital library, as well as manage annotations and references effortlessly.

Posted Oct 15, 2010

IBM announced the acquisition of PSS Systems, a privately held company based in Mountain View, Calif. PSS Systems designs software that helps organizations analyze, automate, and implement information governance policies across large amounts of electronic business information and dispose of that information in an automated way.

Posted Oct 14, 2010

PubMatic announced the completion of its first multi-party real-time bidding (RTB) case study, which shows how RTB methods compare to other types of digital advertising across several advertiser categories. The study include four Demand Side Platforms (DSPs) that used PubMatic's Sell Side Platform: MediaMath, [x+1], Turn, and DataXu.

Posted Oct 12, 2010

The Publishers Information Bureau (PIB) announced that total PIB advertising pages and rate-card-reported revenue saw increases 3Q 2010. This marks an increase in magazines' PIB growth for the second consecutive quarter.

Posted Oct 12, 2010

IBM announced the closing of its acquisition of Unica Corporation, acquiring enterprise and cloud-based marketing software solutions that help businesses streamline marketing processes. According to the company, Unica has helped more than 1,500 organizations around the world analyze customer preferences and trends.

Posted Oct 07, 2010

Palo Alto-based Alphonso Labs, maker of the Pulse series of apps for iPhone and iPad, has raised $1M in seed funding from Redpoint Ventures, Greycroft Partners, Mayfield Fund and Lightspeed Venture Partners. Pulse is the fastest growing news reader for iPad and iPhone and got a bump over the Summer when Steve Jobs mentioned the product at the Worldwide developers conference.

Posted Oct 07, 2010

Over the course of one frenetic week this summer, two major media companies-the Academy Award-winning art-house film production company Miramax and the venerable 77-year-old weekly news magazine Newsweek were sold off to wealthy investors by their longtime parent companies. Before the dust had settled, the bookselling giant Barnes & Noble (B&N) announced that it too was looking for a prospective buyer.

Posted Oct 06, 2010

According to Ovum, data of poor quality is now costing U.S. businesses an estimated $700 billion a year due to inefficiency and lost customers. Bad data is generally defined as data that includes outdated values, missing information, and inconsistent formats.

Posted Oct 05, 2010

Like it or not, being tracked by advertising and search companies is a fact of life on the internet. Detractors of the practice frame it as an invasion of privacy, while its proponents argue that the practice-and the finely targeted advertising it makes possible-is an essential feature of the internet business landscape, which allows free sites such as Google and Yahoo! to post profits without having to charge their users directly.

Posted Oct 01, 2010

The online platform XinXii.com, a major played in the German-language internet publishing and marketing sphere, is expanding into its neighboring European countries and is now also offering its service of Internet-based publishing and marketing of self-written texts, documents, and e-books in English and French.

Posted Oct 01, 2010

At its INET conference, the Internet Society issued a message urging Internet users around the world to become active participants in the effort to guarantee that the Internet remains an open and transparent platform for communication and innovation. According to the Society, which is a non-profit organization founded in 1992, the future development of the internet could be imperiled by various threats to its openness and technology advancement.

Posted Oct 01, 2010

Verve Wireless Inc., a provider of mobile publishing and advertising technologies to local media companies, closed a round of financing led by BlueRun Ventures that secured the company $7 million in funding. Previous investor The Associated Press and others participated in the round. According to the company, the capital will be used to further develop and expand Verve's products and services.

Posted Oct 01, 2010

On September 28, AOL announced the acquisition of two potentially major sources of content for the company, the TechCrunch network of news and information sites and 5min Media, which owns and maintains the web's largest video syndication network. The company also announced its acquisition of Thing Labs, makers of social media tool Brizzly.

Posted Oct 01, 2010

KIT Digital, Inc. has acquired the Prague-based Brickbox Digital Media, a privately held company, along with its subsidiaries and affiliates. KIT Digital paid an upfront consideration of approximately $10.1 million, composed of roughly $6.6 million in cash and 339,476 shares of KIT Digital common stock.

Posted Sep 28, 2010

Salesforce has reportedly acquired enterprise chat startup Activa Live in a move that would appear to be an attempt to enhance the company's customer support functionality, perhaps to give it a stronger foothold in the call center market. Activa Live is the developer of Activa Live Chat, an enterprise, on-demand live chat software that offers live site visitor interaction.

Posted Sep 28, 2010

Advertising network VideoEgg is planning to acquire blogging and advertising network Six Apart . Following the acquisition, the newly-formed combined company will change its name to SAY Media, which will be headed up by former VideoEgg CEO Matt Sanchez. Chris Alden, CEO of Six Apart, will step down.

Posted Sep 23, 2010

Capital IQ, a division of McGraw-Hill Standard & Poor's business unit, announced an agreement to acquire TheMarkets.com, a competitor in the financial data and analytics market. Financial terms were not disclosed for the transaction, although the Wall Street Journal reported that the transaction was conducted for $300 million based on unidentified sources.

Posted Sep 23, 2010

Motorola announced the acquisition of Aloqa GmbH, a privately-held developer of location-based software and technologies for use with smartphones. Motorola has added Aloqa to its nascent Motorola Mobility unit, which is comprised of Motorola's Mobile Devices and Home business.

Posted Sep 21, 2010

IBM has entered into a definitive agreement to acquire Netezza, a developer of analytics software based in Massachusetts, at a price of $27 per share or approximately $1.7 billion after adjusting for cash. IBM will utilize Netezza to expand its business analytics initiatives and allow clients faster interpretation of business data at a lower cost.

Posted Sep 21, 2010

MarkLogic Corporation and Flatirons Solutions, a systems integrator that develops content technology to address critical business issues, today announced that Flatirons has been named the first North American reseller for MarkLogic's database. According to MarkLogic, the agreement signals a move to enlist trusted reseller partners as part of its aggressive growth strategy.

Posted Sep 16, 2010

IBM announced plans to acquire OpenPages, a Massachusetts-based developer of corporate risk management and compliance software. According to IBM, playing a role in the acquisition plans is a recent company study of 1900 global CFOs and senior finance leaders that revealed that risk management has risen in priority by 93% since 2005.

Posted Sep 16, 2010

SpringCM, a developer of cloud enterprise content management software, has secured $15.0 million in financing to help continue developing the company's cloud enterprise content management platform. The round of financing includes existing investors Foundation Capital and North Bridge Venture Partners, along with newcomer Silicon Valley Bank.

Posted Sep 16, 2010

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