Media Business News and Trends

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

SAS, a provider of business analytics software and services, has acquired Memex. Memex offers intelligence management solutions that help improve intelligence processes, enhance public safety, and prevent and deter crime, terrorism, and other threats.

Posted Jun 24, 2010

Lijit Networks, a provider of search and discovery tools for online publishers, announced it has closed a $6,000,000 financing round led by Foundry Group. Also participating were Boulder Ventures and Colorado Fund I, managed by High Country Venture. The new investment brings the total venture capital investment in the company since its launch in 2006 to $17,000,000.

Posted Jun 24, 2010

Online newspaper The Huffington Post announced its first corporate acquisition, taking on Adaptive Semantics, the maker of JuLiA, a program that uses Bayesian algorithms to automatically moderate comments. For a publication as popular and community-oriented as The Huffington Post, the value of being able to automatically, simply, and effectively police its comment boards is considerable.

Posted Jun 22, 2010

The Association for Information and Dissemination Centers (ASIDIC) Board has expressed interest regarding a potential merger with the National Federation of Advanced Information Services (NFAIS), a sister organization founded in 1968 that shares many of the same members. The move follows an April recommendation by the ASIDIC Board of Directors that the organization be dissolved, and a subsequent proposal for merger from the NFAIS.

Posted Jun 15, 2010

Forbes Media announced that Investopedia, the company's financial education web site, is being offered for sale. The Edmonton-based firm was acquired by Forbes Media in 2007 and offers financial and investor education through a financial dictionary with over 9,000 terms used in personal finance, banking, and accounting.

Posted Jun 15, 2010

News Corp. announced the acquisition of Skiff, an electronic reading platform developed by the Hearst Corporation. Financial terms of the Skiff acquisition were not disclosed, but come on the heels of News Corp.'s continued moves towards monetizing its digital content. The company also announced a significant investment in Journalism Online.

Posted Jun 15, 2010

The French 3D and product lifecycle management (PLM) provider Dassault Systèmes (DS) announced the acquisition of Exalead, a provider of search platforms and search-based applications (SBA) for consumer and business users. The deal is worth approximately €135 million (about $161.8 million).

Posted Jun 10, 2010

Autonomy Corporation plc, a provider of infrastructure software, and CA Technologies have announced Autonomy's intention to acquire CA Technologies Information Governance business. Terms of the sale were not disclosed. CA Technologies Information Governance employees will join Autonomy.

Posted Jun 10, 2010

A new company, CityGrid Media, opened for business, replacing the former Citysearch, LLC. The newly-named company aims to provide local advertising organizations to web and mobile publishers through its CityGrid network. CityGrid aggregates more than 700,000 localized paying advertisers from sites like DexKnows.com, and reaches 140 million internet users through various connections.

Posted Jun 08, 2010

Comtex News Network, Inc.'s stockholders approved a 1-for-1,000 reverse stock split of the Company's common stock and the cashout of stockholders holding fewer than 1,000 shares. The proposals needed the support of 90% of the company's shareholders in order to pass.

Posted Jun 08, 2010

Technology publisher Ziff Davis Media has been acquired by former Time Inc. executive Vivek Shah in partnership with Boston-based Great Hill Partners. According to The Wall Street Journal, Shah and his partners paid in the neighborhood of $150 million for the company.

Posted Jun 08, 2010

Yippy, Inc. announced its new company name and a stock symbol change. Previously known as Cinnabar Ventures, Inc., Yippy, Inc. will henceforth use the stock symbol YIPI. The company will continue to provide parents with a family friendly "cloud" environment through the company's Application Service Environment (ASE) and Web Operating System (WOS).

Posted Jun 03, 2010

San Mateo-based startup Sharegrove announced that it has been acquired by social networking giant Facebook. Sharegrove is a group chatting client that provides a way for online friends to have private conversations through the web, including sharing of websites and various forms of multimedia. It also featured built-in search functions and Facebook friends list interconnectivity.

Posted Jun 03, 2010

Axceler, a provider of administration software for Microsoft SharePoint, acquired echoTechnology, a company that provides SharePoint migration services. The deal was made with an eye toward providing customers with both administration and migration services, two important considerations as the market moves toward SharePoint 2010.

Posted Jun 01, 2010

Oracle announced the acquisition of the intellectual property assets of Market2Lead, a provider of demand generation and marketing automation software. Market2Lead's technology helps companies improve demand generation to increase sales and marketing effectiveness. Oracle announced that it plans to integrate Market2Lead's technology into Oracle CRM applications.

Posted May 27, 2010

Yahoo! announced the acquisition of Koprol, an Indonesian social networking site that lets users "check in" to locations and share information, photos, and reviews about physical locations. The service also features restaurant and shop reviews based on user feedback.

Posted May 27, 2010

Google and Global IP Solutions (GIPS) announced that they have entered into a transaction agreement under which Google Acquisition Holdings Inc., a wholly owned subsidiary of Google, will make a recommended voluntary public cash offer to acquire all the issued and to be issued shares of GIPS.

Posted May 20, 2010

Awareness Technologies, creators of the InterGuard SaaS-based unified internal threat management platform, announced that the company has raised $6.5 million in capital through the involvement of former Perimeter eSecurity CEO Brad Miller and First New England Capital (FNEC), a Connecticut-based private equity firm.

Posted May 20, 2010

LibreDigital announced that it has closed an $8.1 million Series C funding round led by new investor S3 Ventures, with participation from existing investors Adams Capital Management and Triangle Peak Partners. The company's other key investors include HarperCollins Publishers, The New York Times Company, and Noro-Moseley Partners.

Posted May 20, 2010

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