Round up of today’s M&A Deals:
Software and technology services company SunGard will acquire Syntesys, a European Swift service bureau, in a bid to expand its outsourcing service for corporate to bank messaging.
According to SunGard, the acquisition will strengthen its AvantGard Ecosystem Communication Hub (Echos) by adding the service bureau capacity and locations as well as a suite of SwiftReady services.
The services provided include data normalisation, transformation and enrichment of messages via Swift or other financial messaging networks. The management and staff of Syntesys will join SunGard and will be based in the United Kingdom, France, Switzerland and Germany.
“Facilitating connectivity between corporations and their trading partners, particularly banks, is a core component of our growth strategy,” says Scott Coffing, president of SunGard’s corporate liquidity business. “We will deliver managed Swift connectivity together with services such as eBAM, statement aggregation and payments management to both corporations and banks.”
Round up of today’s M&A Deals:
- The contract has been signed for the purchase of Threadneedle by Porta, who will acquire 80 percent of the company which will become Newgate Threadneedle
Value: £3.8 million
Adviser: undisclosed
- Pansoft will enter into an agreement to acquire all of the equity interests of Hefei Langji Technology Co (Langji) and its wholly-owned subsidiary Shanghai Zhongrui
Value: RMB10.8m ($1.08 million)
Adviser: undisclosed
- u-blox, the Swiss positioning and wireless chip and module company, has acquired San Diego-based Fusion Wireless, a provider of CDMA wireless modules for consumer and M2M applications in North America
Value: undisclosed
Adviser: undisclosed
- Two leading digital conventions, re:publica and NEXT plan to merge their respective events under the auspices of the fifth annual Berlin Web Week
Value: undisclosed
Adviser: undisclosed
- European software firm Opera Software has acquired US based mobile application store platform company Handster, to strengthen its mobile store offerings
Value: undisclosed
Adviser: undisclosed
- World Energy Solutions, an energy management services firm, will purchase the energy procurement business of Co-eXprise, a privately-held enterprise software firm. The acquisition adds valuable new government, institutional, and commercial & industrial clients to its customer base
Value: undisclosed
Adviser: The Investor Relations Group
- Chegg is to acquire Zinch in another move toward a social education platform
Value: undisclosed
Adviser: undisclosed
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- InMobi, the independent mobile ad network, is to receive investment from SOFTBANK Corp
Value: $200 million
Adviser: Kleiner, Perkins, Caufield & Byers and Sherpalo Ventures
- Nualight, an Irish energy efficiency lighting company that specializes in lighting for food retail displays, has acquired Lumoluce, an LED lighting technology company based in the Netherlands
Value: undisclosed
Adviser: undisclosed
- Dealer Media Group has acquired Tom Park Results
Value: undisclosed
Adviser: undisclosed
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- BMG Rights Management is to acquire Bug Holdings and its subsidiary, Bug Music which are controlled by Spectrum and Crossroads Media
Value: undisclosed
Adviser: J.P. Morgan, Latham & Watkins
- E+M Advertising, an integrated brand response marketing agency based in New York, is merging with Piazza Advertising, a full service advertising agency with capabilities in social commerce, mobile commerce, merchandising advergaming, QR codes and augmented reality
Value: undisclosed
Adviser: undisclosed
