"Corum not only helped me identify a variety of buyers for my technology, ranging from dot.com startups to established blue chip firms, but also provided invaluable counsel on the strengths and weaknesses of the various potential acquirers. Their experience in the Internet market helped me negotiate a very successful outcome."

Derek Penn
Derivative Insights

Q3 2008 Other Horizontal Transactions

Worksoft to acquire Test Factory LLC

Worksoft, Inc., a leading provider of solutions that accelerate deployments of SAP applications, is acquiring Test Factory, a premier provider of load and stress testing capabilities for SAP solutions. The Test Factory solutions, rebranded as Worksoft solutions Certify Performance Test, and a companion solution, Certify Performance Tune, are available immediately. These solutions further optimize SAP application quality, help ensure business continuity, and minimize the cost and time for implementations, upgrades, and custom development. This acquisition bolsters Worksoft offerings with premier performance test and tune capabilities.

Announcement Date: September 16, 2008
Deal Value: Undisclosed

Integrity Interactive acquires Software Impressions

Integrity Interactive Corporation, a company that helps global corporations measure, manage, and mitigate the risk of headline-grabbing compliance failure, acquired Software Impressions, LLC, a privately-held software developer and online services provider that builds and maintains EthicsAdvantage ‘dashboards’ and ‘radar screens’ for managing compliance risks and mitigation programs (including hotline reporting, internal case management, compliance training, and many related initiatives). With the acquisition of Software Impressions, Integrity provides Board members, C-level executives, and in-house counsel with a window into all aspects of ethics & compliance risks and the myriad corporate programs deployed to combat them.

Announcement Date: September 10, 2008
Deal Value: Undisclosed

In-Touch Survey Systems acquires NCI Mobility

In-Touch Survey Systems Ltd. (Canada) is acquiring NCI Mobility LLP. Both NCI and In-Touch provide mobile data capture and brand research programs to Fortune 5000 business-to-consumer companies in the United States. The acquisition aligns with In-Touch's strategy of leveraging its investment in the development of a comprehensive data collection, data management and reporting system for enterprise customers. In-Touch will add NCI's customer base, which includes companies such as Bacardi, General Motors, crocs, MillerCoors and British Petroleum to their own, and will realize immediate economies of scale from consolidating operations. In-Touch will consolidate research and development and operations at its Ottawa facility to improve profit margins and optimize current operational resources.

Announcement Date: August 28, 2008
Deal Value: Undisclosed

RICOH to acquire IKON Office Solutions

Ricoh Company, Ltd (Japan) is acquiring IKON Office Solutions, Inc. RICOH is a global leader in imaging solutions that has brought to the market innovations such as digitalization, network solutions, and colorization. In the rapidly growing printing and document solution areas, RICOH's challenge has been to strengthen its channels for assessing customers' potential needs and making appropriate proposals based on a customer-driven approach. In the extremely competitive U.S. market, RICOH is committed to further strengthening its sales and support channels. As the world's largest independent channel for document management systems and services, IKON supplies and services a wide range of office equipment, such as MFPs (multi-function printers), fax machines and printers, in the U.S., Canada and the Western European markets. As a result of the transaction, RICOH will strengthen its business infrastructure in the U.S., Canada and Europe by combining with IKON's strong sales and service network. RICOH also will gain access to IKON's customer base, which includes major account customers and government and public sectors in the U.S.

Announcement Date: August 26, 2008
Deal Value: $1.62 Billion (Cash)
Seller Revenue: $4.2 Billion (FYE 2007)

Tangoe, Inc. acquires Information Strategies Group

Tangoe, Inc., a provider of enterprise communications lifecycle management software and technology-enabled services, has acquired Information Strategies Group, Inc. (ISG), a provider of telecommunications and IT expense processing services and technologies. With the addition of ISG, Tangoe provides technology-based software and service solutions that enable global organizations to manage and control communications and IT technology resources and related expenditures, significantly reducing their costs. ISG’s call accounting product and billing chargeback and allocations software and services practice further extend the depth and breadth of Tangoe’s established software and technology-enabled managed services.

Announcement Date: August 5, 2008
Deal Value: Undisclosed

FortiusOne acquired Mapufacture

FortiusOne, a provider of next-generation mapping that bridges GIS analysis and the GeoWeb's ease of use, acquired Mapufacture, a provider of cutting edge, dynamic geospatial applications and open-source tools. Mapufacture has developed an industry leading open geospatial aggregation and collaborative mapping platform that promotes lightweight, usable web standards and personalized, user-generated content combined with complex geodata. Acquiring Mapufacture grows FortiusOne's already significant client portfolio with additional government and commercial enterprise clientele, including the United Nations Development Programme (UNDP), Ordnance Survey, MapQuest and BBC. The acquisition brings together the two companies, both at the forefront of the emerging GeoWeb, aiming to bring both static and dynamic content online for finding, organizing and sharing by anyone.

Announcement Date: August 4, 2008
Deal Value: Undisclosed

Oracle buys Global Knowledge Software

Oracle announced that it has agreed to acquire Global Knowledge Software LLC (GKS), a division of Global Knowledge, Inc., a provider of self-service training automation software. GKS products improve end-user competency using enterprise applications through simulated transactional training and testing, as well as auto-generated step-by-step instructions. GKS products are complementary to Oracle Tutor, Oracle's role-based process documentation and training software. The combination of GKS products, Oracle Tutor, and Oracle's learning management software, iLearning and eLearning, is expected to provide customers a comprehensive, end-to-end enterprise solution for creating and deploying business process documentation, interactive system training, and just-in-time embedded support for all applications across their enterprise.

Announcement Date: July 30, 2008
Deal Value: Undisclosed

Interpublic acquires Huge

Interpublic Group, a world-leading organization of advertising agencies and marketing services companies, has acquired Huge Inc., an independent interactive agency that develops and designs online businesses. Huge has developed online businesses for IKEA, JetBlue, NutriSystem Scholastic and The Warner Music Group.

Announcement Date: July 30, 2008
Deal Value: Undisclosed

FTI acquires Kinesis Marketing

FTI Consulting, a business advisory firm, has acquired Kinesis Marketing, a strategic online communications company. The deal will bring an expanded range of digital solutions to FTI's interactive service offerings.

Announcement Date: July 25, 2008
Deal Value: Undisclosed

Bestoutcome acquires ISA

Bestoutcome Ltd., a UK-based consultancy specializing in IT project and program management, has acquired Information Systems Associates Ltd., a supplier of integrated business applications built on Microsoft technology platforms including Sharepoint and the .NET Framework. The acquisition will allow Bestoutcome to develop software projects in-house with more control over time and budget constraints. ISA had worked extensively with Bestoutcome prior to the deal.

Announcement Date: July 24, 2008
Deal Value: Undisclosed