Media Business News and Trends

Investopedia, a financial information and investing education website owned by Forbes, has been acquired by ValueClick for $42 million in cash. ValueClick, which predicts Investopedia will generate $10 million in revenue for the 2010 financial year, is also assuming certain financial liabilities of its new acquisition.

Posted Aug 05, 2010

Japanese mobile service NTT DOCOMO, Inc. announced the acquisition of PacketVideo Corporation, formerly a subsidiary of NextWave Wireless Inc. DOCOMO, which had acquired a 35% stake in the phone-based multimedia company in July 2009, purchased the remaining 65% equity interest in PacketVideo for $111.6 million.

Posted Aug 03, 2010

IBM closed on its acquisition of San Mateo, Calif.-based web analytics software company Coremetrics. IBM plans to use Coremetrics' cloud-based technology to expand its business analytics software offerings, as well as the capabilities of its 5,000-person Business Analytics and Optimization Consulting organization.

Posted Aug 03, 2010

Workstreamer, a business listening platform secured $3.5 million in funding in a round of Series A funding. The new funds will be used to accelerate the growth of its service, which focuses on monetizing real-time business information. The funding round was led by Austin Ventures, a Texas-based equity firm with a focus on Internet and information services.

Posted Jul 29, 2010

Elemental Technologies, a provider of massively parallel video processing solutions, raised $7.5 million in a round of Series B financing that featured participation from several investors, including Steamboat Ventures, General Catalyst, and Voyager Capital.

Posted Jul 29, 2010

Adobe Systems Incorporated and Day Software Holding AG entered into a definitive agreement for Adobe to acquire all of the publicly held registered shares of Day Software, thereby acquiring the company. The transaction is valued at approximately $240 million, based on current exchange rates.

Posted Jul 29, 2010

Caringo Inc. announced it has closed $5 million in a new series of funding. The company, which was founded in 2005, provides object based storage software designed to make the storage process scalable and affordable.

Posted Jul 27, 2010

Global information management provider SDL announced an agreement to acquire Language Weaver Inc. Language Weaver works in statistical machine translation, which will be added to SDL's Global Information Management Platform

Posted Jul 20, 2010

San Diego-based business software company Anacomp, Inc. sold its document review software, CaseLogistix, to Thomson Reuters for an undisclosed sum. CaseLogistix provides document review, data ingestion and production tools to help litigation teams manage the electronic discovery review process.

Posted Jul 20, 2010

Google announced the purchase of content aggregation site Metaweb, giving the search giant access to the company's "database of things." Metaweb operates Freebase, a database of more than 12 million entries, with the goal being to provide more and richer information on a query topic than would keywords.

Posted Jul 20, 2010

Squarespace, a web publishing platform, announced the closure of a $38.5 million minority growth investment, led by Index Ventures and Accel Partners. According to the company, this is the first outside capital raised by the company since its foundation in 2003.

Posted Jul 15, 2010

The Association of Electronics, Information Technology and Telecommunications of Spain (AETIC) formed a new initiative on digital content in the interest of improving the Spanish economy's effectiveness in that area and improve collaboration with other areas of industry. The AETIC's new designation comprises nine subsections that totaled €9.2 billion (about $11.5 billion) in production in 2009, or 0.9% of the Spanish GDP.

Posted Jul 13, 2010

The Broadband Commission for Digital Development, an organization that includes U.N. agencies, industry voices, and government leaders, released a plan to develop the world's broadband networks. The commission, which is co-chaired by Paul Kagame, president of Rwanda, and Mexican media magnate Carlos Slim, will deliver its findings to U.N. Secretary-General Ban Ki-moon in New York on Sept. 19.

Posted Jul 13, 2010

Content delivery company Highwinds announced that it has acquired BandCon, a Costa Mesa, Calif.-based internet infrastructure service provider. Terms of the agreement were not disclosed.

Posted Jul 13, 2010

Cengage Learning announced that it will consolidate its business units into one operating group. The company's Academic and Professional Group (APG) will be placed under one umbrella with library and reference division Gale, as well as the company's international operations.

Posted Jul 13, 2010

Blackboard Inc. entered into an agreement to acquire learning and collaboration technology providers Elluminiate Inc. and Wimba Inc. Elluminate and Wimba, which serve 2,600 educational institutions between them, between them, were purchased for the combined price of $116 million in cash.

Posted Jul 13, 2010

Infogroup, a provider of resources for targeted sales and marketing solutions, announced its acquisition by affiliates of CCMP Capital Advisors, LLC, along with a new executive leadership team and Board of Directors. Clare Hart, who most recently served as president of the Dow Enterprise Media Group, has been named Infogroup's president and CEO. Rich Zannino, CCMP's Managing Director, will serve as the chairman of Infogroup's new Board of Directors.

Posted Jul 08, 2010

Creator of the "Twitter newspaper site" Paper.li announced the closing of a round of financing, featuring participation from German tech group Econa, as well as Kima Ventures, and Venture Incubator AG. A number of independent "angel" investors also participated in the round.

Posted Jul 08, 2010

Being the owner of two of the most important e-readers on the market puts me in a unique position to speak to the best and the worst of what e-readers have to offer. In my view, the Kindle - iPad comparisons I have read are usually based on a rather arrogant assumption: that reading books is, somehow, a more worthwhile intellectual pursuit than magazines, newspapers, or other content sources.

Posted Jul 08, 2010

Local group shopping site LivingSocial announced that it is beginning to expand LivingSocial Deals to an international audience with the opening of its London office and, in the near future, support for the service throughout London's major metropolitan areas. The move was prompted in part by the $44 million in venture funding the company has accumulated this year.

Posted Jul 01, 2010

LibreDigital, Inc., a provider of digital marketing and distribution technology for publishers, announced that it has acquired the Symtio e-commerce platform from HarperCollins's Zondervan. Launched as a division of Zondervan in 2008, Symtio is a multi-channel digital media platform that lets customers purchase digital media online or through an in-store retail card program.

Posted Jul 01, 2010

SDL announced the acquisition of Xopus, a developer of online XML editing products. The acquisition was carried out by SDL's Structured Content Technologies division and, according to the company, is meant to address the growing trend of structured authoring tools by technical writers.

Posted Jul 01, 2010

Locational social networking service Foursquare announced the completion of a round of Series B funding that netted the company $20 million, thanks to participation from Union Square Ventures, O'Reilly AlphaTech Ventures, and new partner Andreessen Horowitz.

Posted Jul 01, 2010

Spark Capital and Foundry Group led a Series A funding round that contributed $4.2 million to real-time media buying company Triggit. Under the terms of the agreement, Foundry Group managing partner Seth Levine and Spark Capital general partner Santo Politi will be joining the board of Triggit.

Posted Jun 29, 2010

A merger agreement between EDGAR Online, Inc., and UBmatrix, Inc. resulted in the creation of a global end-to-end provider of solutions for the creation, validation and analysis of extensible business reporting language (XBRL) content. Under the terms of the merger, UBmatrix will become a wholly-owned subsidiary of EDGAR Online.

Posted Jun 29, 2010

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