IT Services / Consulting
Sylogist Ltd Completes Acquisition of Epic Data International Inc
Sylogist Ltd announced that the completion on July 1, 2013 of the acquisition of all the common shares ofEpic Data International Inc. The transaction, which was completed through a court approved plan of arrangement (the Transaction) under the Business Corporations Act (British Columbia), was previously announced on May 8, 2013.
Genesys Completes Tender Offer To Acquire SoundBite Communications Inc
Genesys Telecommunications Laboratories, Inc. announced that the tender offer by its direct wholly-owned subsidiary, Sonar Merger Sub Inc., to acquire all of the outstanding shares of common stock of SoundBite Communications, Inc. expired on July 1, 2013. All shares that were validly tendered into the offer and not properly withdrawn have been accepted for payment and will be paid promptly in accordance with the terms of the offer.
Earthlink Inc Completes Acquisition of CenterBeam Inc
Earthlink Inc announced that it has completed the acquisition CenterBeam Inc, a privately-owned company with a 13-year track record of delivering secure cloud-based IT services, for a total consideration of $22 million.
AllDigital Holdings Inc Announces Financing Agreement With Strategic Investors, Amendment To Merger Agreement with Broadcast International
AllDigital Holdings Inc announced the signing of a definitive agreement to merge with Broadcast International in an all-stock transaction. This merger was delayed partially due to the discovery of certain encumbrances and license limitations related to critical Broadcast International intellectual property. AllDigital is satisfied with the resolutions to date, resolutions in process, and agreed upon actions to address any known IP issues. In addition, AllDigital announced that Broadcast International has been able to successfully reduce outstanding accounts payable as the result of negotiated reductions in accounts payable and the elimination of certain other liabilities. AllDigital and Broadcast International have signed a Second Amendment to the Merger Agreement that includes a number of revised deal terms. Under these revised terms, AllDigital shareholders will receive an adjusted number of shares of Broadcast International common stock representing 58% (adjusted up from 54%) of the post-closing shares of Broadcast common stock, with both share totals calculated on a modified fully diluted basis. The end date for the merger, the date after which either party can terminate without cause, has been moved from July 31, 2013 to October 31, 2013 to allow reasonable time to obtain shareholder approval.
Dassault Systemes SA Completes Apriso Acquisition
Dassault Systemes SA announced the completion of the acquisition of Apriso, a provider of manufacturing software solutions, headquartered in Long Beach, California. Apriso will be integrated with and expand Dassault Systemes' DELMIA application portfolio and the 3DEXPERIENCE platform's virtual+reality capabilities closing the loop between design, engineering, manufacturing and consumer experience. The purchase price was approximately $205 million (enterprise value) in cash.
Enables It Group PLC Announces Acquisition And Placing
Enables It Group PLC announced that further to the announcement made on June 27, 2013, it has completed the acquisition of The Support Force Group Limited. Part of the initial consideration for the acquisition is to be satisfied by the issue of ordinary shares, to the value of GBP50,000, issued at a price equivalent to the average of the middle market quotations for an ordinary share of the Company as shown on AIM, for each of the five business days immediately preceding completion of the acquisition, which equates to 41 pence. Accordingly, the Company has issued 121,954 ordinary shares in the Company to the vendors of Support Force, conditional upon the shares being admitted to trading on AIM. Application has been made to the London Stock Exchange plc for the 2,527,722 placing shares and the initial consideration shares to be admitted to trading on AIM. It is expected that Admission of the placing shares and initial consideration shares to AIM will become effective, and dealings are expected to commence on AIM, on July 4, 2013.
Addnode Group AB Acquires Joint Collaboration AS
Addnode Group AB announced that on July 1, 2013 the Company signed an agreement to acquire all outstanding shares in Joint Collaboration AS (Joint) from Joint’s existing shareholders (the Transaction). The Transaction will be paid at closing by a payment of NOK 56 million in cash and such number of Series B shares of Addnode Group which represents a value of NOK 39 million. The final cash payment is subject to an adjustment based on the actual net cash position, and the actual level of working capital, in Joint at closing. A maximum conditional purchase price of NOK 95 million in cash is payable if certain targets related to Joint’s EBITDA during the period 2013-2015 are achieved. In summary, the maximum acquisition cost is NOK 190 million on a cash and debt free basis. The initial cash payment of NOK 56 million will be financed through a new three year credit facility. The Transaction is conditional upon approval from the competition authority in Norway, and the change of ownership is intended to take place on August 30, 2013. Joint is a supplier of SaaS (Software as a Service) rental solutions for primarily the Oil and Gas as well as the Construction industry.
Econocom Group SA Acquires Majority Stake in Osiatis SA; Plans to Launch Public Bid for Remaining Osiatis SA Shares
Osiatis SA announced that it has signed agreements with Econocom Group SA (Econocom) for the acquisition by Econocom of a 51.9% stake in Osiatis SA's share capital. This agreement provides for the acquisition of all the securities (shares and equity warrants) held by BML Belgium, a company controlled by Walter Butler, as well as Robert Aydabirian, Jean-Maurice Fritsch, Bruno Grossi and Laurent Parquet (the "Sellers"), representing 8,632,555 shares and 875,000 equity warrants. After the acquisition of the stake, Econocom would issue in the autumn, as required by the provisions of the General Regulation of the AMF, the French financial markets authority, a public bid for all of Osiatis SA's remaining shares on the same terms as the acquisition of the majority stake, i.e. 1 Econocom Group share and an extra cash balance of EUR4.00 for each Osiatis SA share. The Osiatis SA securities to be contributed in kind as part of the acquisition of the majority stake and the public bid that would be then submitted by Econocom would be paid by newly-issued Econocom securities. Moreover, Econocom would have the option of filing a compulsory buy-out procedure.
Econocom Group SA Acquires Majority Stake in Osiatis SA; Plans to Launch Public Bid for Remaining Osiatis SA Shares
Osiatis SA announced that it has signed agreements with Econocom Group SA (Econocom) for the acquisition by Econocom of a 51.9% stake in Osiatis SA's share capital. This agreement provides for the acquisition of all the securities (shares and equity warrants) held by BML Belgium, a company controlled by Walter Butler, as well as Robert Aydabirian, Jean-Maurice Fritsch, Bruno Grossi and Laurent Parquet (the "Sellers"), representing 8,632,555 shares and 875,000 equity warrants. After the acquisition of the stake, Econocom would issue in the autumn, as required by the provisions of the General Regulation of the AMF, the French financial markets authority, a public bid for all of Osiatis SA's remaining shares on the same terms as the acquisition of the majority stake, i.e. 1 Econocom Group share and an extra cash balance of EUR4.00 for each Osiatis SA share. The Osiatis SA securities to be contributed in kind as part of the acquisition of the majority stake and the public bid that would be then submitted by Econocom would be paid by newly-issued Econocom securities. Moreover, Econocom would have the option of filing a compulsory buy-out procedure.
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Sector Summary
| Energy |  -0.01% |
| Basic Materials | -0.88% |
| Industrials | -0.61% |
| Cyclical Goods & Services |  +0.03% |
| Non-Cyclical Goods & Services | -0.23% |
| Financials | -0.23% |
| Healthcare | -0.43% |
| Technology | +0.04% |
| Telecoms | +0.08% |
| Utilities | -0.64% |
| DOW | 14,932.41 | -42.55 |
-0.28% |
| S&P 500 | 1,614.08 | -0.88 |
-0.05% |
| NASDAQ | 3,433.40 | -1.09 |
-0.03% |
| TR US Index | 146.52 | -0.13 |
-0.09% |
Analyst Research
| Report Title | Price |
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Provider: Edison Investment Research
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$10.00
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Provider: Edison Investment Research
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$10.00
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Provider: Edison Investment Research
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$10.00
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Provider: Edison Investment Research
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$10.00
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Provider: Market Edge
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$10.00
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