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      MERGERS AND ACQUISITIONS UPDATES FROM BERKERY NOYES

    Thursday
    Feb162012

    SOFTWARE M&A IN THE MOBILE APP SEGMENT

    It has been almost a month since Twitter acquired Summify, the creator of a social news app. Summify’s mobile app scans people’s news feeds, aggregating the content most relevant to individual users as real-time news spreads through social networking sites. 

    The unique summaries are based on several factors, including how often someone’s followers on Twitter shared the story and/or the number of their friends who “liked” it on Facebook. These news summaries can be sent by email or straight to a mobile device.

    In our Full Year Software Industry M&A press release, we said that deal volume in the mobile app segment has grown more than 60% since 2010. Google, Facebook, and RIM continue to be activity leaders in the mobile app space. Each company, looking to expand their smartphone offerings, had four such transactions in 2011.

    Wednesday
    Feb152012

    REVENUE CYCLE MANAGEMENT M&A

    A few days ago, Medical Transcription Billing Corporation announced its acquisition of United Physicians Management Services. This transaction follows several recent deals in the revenue cycle management space.

    Back in January, MedData, a medical billing services provider, announced its acquisition of MedDirect, a revenue cycle management company. 

    Meanwhile, some similar deals in February include Recondo Technology’s acquisition of Trilogi, Benchmark Revenue Management’s merger with Avadyne Health, and Automatic Data Processing’s acquisition of PhyLogic Healthcare.

    In our Full Year Healthcare M&A trends report, we pointed out that Blackstone Group’s acquisition of Emdeon, a revenue and payment cycle management solutions company, was the largest Healthcare transaction for 2011, with an acquisition price of $3 billion.

    Monday
    Feb132012

    UP IN THE CLOUD

    Last Thursday, Oracle announced its acquisition of Taleo Corporation for about $1.9 billion. Taleo focuses on utilizing talent management processes in the cloud.

    According to Oracle, one of the main goals of the transaction is to enable a wide range of organizations to better administer their human resource operations. With this deal, Oracle and Taleo are proving the importance of cloud solutions to the future of enterprise software.

    We discussed Oracle’s and SAP’s continued expansion into cloud computing in our Software Industry M&A press release last month. Oracle acquired RightNow Technologies for $1.5 billion while SAP, one its main rivals, acquired SuccessFactors for $3.4 billion. Both of those transactions were announced in the Fourth Quarter of 2011.

    Tuesday
    Feb072012

    PRIVATE EQUITY IN INFORMATION M&A FOR 2011

    The Private Equity trends report covers transactions made by financially sponsored acquirers within the Information Industry – defined as media, software, and online & mobile companies – including acquisitions made by subsidiaries or platforms of private equity firms.

    "Although deal volume involving PE fluctuated throughout 2011, our data does present a healthy year to year improvement," said Berkery Noyes Managing Partner John Shea. "Both the value and volume of deals have shown an average of 20% growth for three years in a row, which is heartening to see. Let’s hope this trend continues and is an early indicator of an improving overall economy."

    Monday
    Feb062012

    INFORMATION INDUSTRY M&A FOR 2011

    The Information Industry trends report is defined by Berkery Noyes as covering Media, Software, and Online & Mobile companies.

    "Large tech players were heavily involved in intellectual property M&A," said James Berkery, Chief Information Officer at Berkery Noyes. "Strong strategic interest in the sector was evident in 2011. For instance, Nortel sold 6,000 wireless patents in July 2011 for $4.5 billion to a consortium that included Microsoft, Research In Motion, Sony, Ericsson, EMC, and Apple."