BT announces purchase of Ribbit Corporation

BT has announced the £52.65 million ($105 million) purchase of Ribbit Corporation, a Silicon Valley-based, Internet telecommunications firm. Read on for more deal headlines.

Other done deals

  • Leeds-based IT and professional training firm Xpertise Group has acquired Parity Training for £4.7 million. The move will make AIM-listed Xpertise the second biggest IT trainer in the country, with combined turnover of £40 million
  • Broca Plc, a provider of secure messaging technology, has bought Sure on Sight for £350,000 in a cash and shares deal
  • United Business Media has acquired four tradeshows on behalf of its Live Media business for £4.7 million. The deals are set to broaden their event portfolio in key markets
  • Cambridge-based vaccines specialist Acambis, has been sold to French drugs giant Sanofi Pasteur for £276 million in cash. Acambis is the last established Cambridge biotech company to fall into new ownership
  • Accountancy firm Bartfields has acquired BDO Stoy Hayward’s Leeds business services team for an undisclosed sum, after two key BDO partners retired
  • HSBC Infrastructure Company has completed the £8.3 million equity and loan stock takeover of three Private Finance Initative projects from Bouygues Group
  • HBOS has announced a £3 million equity deal worth £20 million in advertising company Iris Worldwide

Deals in the pipeline

  • HML Holdings Plc has acquired Grovewood Property Management and Grovewood Property Management South West for £250,000, which includes a 20 per cent retention against warranties and performance criteria
  • One of India’s leading IT companies, Rolta has announced the signing of an agreement to acquire WhittmanHart Consulting, the consulting division of Chicago-based WhittmanHart, for an undisclosed sum

Marc Barber

Marc Barber

Marc was editor of GrowthBusiness from 2006 to 2010. He specialised in writing about entrepreneurs, private equity and venture capital, mid-market M&A, small caps and high-growth businesses.

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