Q3 2008 Other Vertical Market Transactions

Aldata Solution Oyj buys Terraventum Oy

Aldata has reached an agreement to acquire all the shares of Terraventum Oy, a Finnish software company specializing in digital marketing solutions for the retail and hospitality markets. Aldata and Terraventum are already established business partners in Finland with several existing joint customers. In these customer engagements Aldata supplies its Aldata Loyalty solution to provide customer data analysis, management of loyal customer systems and marketing campaigns. Terraventum's Contentum product complements Aldata Loyalty with communication solutions enabled by its digital marketing platform.  The new combined Aldata Loyalty solution will be mainly provided as a SaaS (Software as a Service) application based on Microsoft platforms and latest web-based services.

Announcement Date: September 24, 2008
Deal Value: Undisclosed

Constellation Software buys assets of Maximus

Constellation Software Inc. is paying US$40 million for the legal, education and asset-management lines of Maximus Inc. This acquisition provides Constellation with complementary software and technology in justice, education and asset management. Maximus called the divestiture an all-around win, as Constellation "possesses substantial domain expertise in these specific markets, has a long-standing record of successful software implementations and is best positioned to leverage the core capabilities and opportunities of the intellectual property they are acquiring."

Announcement Date: September 23, 2008
Deal Value: $40 Million ($35 million cash and $5 million in one year)

Serena Software acquires Projity

Serena Software has acquired Projity, Inc., for OpenProj, its free, open source desktop project management software, and Project-ON-Demand, its SaaS-based project management software. With this acquisition, Serena significantly bolsters its Serena Mariner Project & Portfolio Management offering. Serena Mariner provides total visibility into project and portfolio status and metrics to ensure the right people are on the right projects at the right time, ultimately delivering more value to the business. With the addition of the Projity offerings, Serena Mariner gains both an alternative to Microsoft Project as well as high fidelity bi-directional integration. Ultimately, Serena will integrate Project-ON-Demand's robust project management capabilities into Serena Mariner, the company's enterprise-level PPM offering, to give customers a broad view of project and portfolio status across their department or entire organization.

Announcement Date: September 23, 2008
Deal Value: Undisclosed

Rearden Commerce acquires Global Ground Automation

Rearden Commerce, Inc., creator of the first web-based personal assistant and a leading choice among companies for managing spend, has acquired Global Ground Automation, Inc., formerly known as Ground Travel Technology Team. GGA developed a technology that automates the reservation process for the ground transportation industry, which today manages millions of ground transportation reservations annually. This acquisition expands the breadth of services Rearden Commerce offers within its ecosystem, and closely follows the company’s recent purchase of ExpenseWire, a leading provider of expense management solutions.

Announcement Date: September 22, 2008
Deal Value: Undisclosed

Transinfo Technology acquires Dalian Dajian Zhitong Information Service Co.

China TransInfo Technology Corp., a leading provider of public transportation information systems technology and comprehensive solutions in the People's Republic of China, announced that it has entered into an equity transfer agreement to acquire 85% ownership of Dalian Dajian Zhitong Information Service Co., Ltd.  Dajian Zhitong is a leading taxi media operator in the city of Dalian. Dajian Zhitong holds exclusive rights to sell advertisement space on taxi rooftops and administer real-time GPS data activities including a GPS-based taxi call center, a GPS-based real-time taxi alarm system, and a GPS-based taxi driver navigation system for about 10,000 taxis in Dalian for a period of 10 years, starting from August 2008.

Announcement Date: September 18, 2008
Deal Value: $280,000 (Cash)

Sabre Holdings acquires Flight Explorer

Sabre Holdings acquired Flight Explorer, provider of Commercial Aircraft Situation Display (ASD) solutions providing real-time tracking, reporting, and display of en-route aircraft. This acquisition is part of Sabre’s long-term growth plans and continual investments in the company’s airline portfolio. The acquisition combines two industry leaders, resulting in a powerful flight planning solution that will help airlines optimize operational efficiencies and realize cost-saving benefits. The addition of Flight Explorer, with its outstanding flight tracking and airspace monitoring capabilities, to Sabre’s comprehensive portfolio of solutions positions Sabre to be the unique provider of a fully integrated, world-class flight planning and aircraft tracking solution. The combined solutions will leverage the powerful graphic components and proactive alerting capabilities of Flight Explorer with the robust flight planning capabilities of Sabre Dispatch Manager to help airlines choose the most efficient, cost-effective flight plan.

Announcement Date: September 11, 2008
Deal Value: Undisclosed

Transcontinental acquires Rastar

Transcontinental Inc. acquired Rastar, Inc., a U.S.-based direct marketing company that specializes in interactive database marketing and variable data digital printing, which enable fully personalized marketing communications. Rastar has approximately $50 million in revenue. Using proprietary database tools, Rastar helps its clients plan, design and implement traditional and variable data acquisition and retention programs. Its production facilities, which include state-of-the-art digital printing technology as well as other printing, mailing and fulfillment capabilities, allow it to deliver a complete offering to its clients. Rastar's industry experience, combined with its digital printing expertise, will allow Transcontinental to further expand its integrated marketing services offering and enable its clients to achieve the best possible returns on their marketing campaigns.

Announcement Date: September 4, 2008
Deal Value: Undisclosed

Roper Industries acquires Horizon Software

Roper Industries Inc. bought Horizon Software International LLC, a software provider for the K-12 education, health care, senior living, military and corporate markets. Horizon’s software products include MealpayPlus, an online payment-processing platform. Horizon will continue to market its products and services under its current brand names and will become part of Roper’s radio frequency technology segment, operating as a stand-alone business. The acquisition gives Roper additional technology for meal management processes within the education community.

Announcement Date: September 4, 2008
Deal Value: Undisclosed

Agilysys acquires Triangle Hospitality Solutions

Agilysys, Inc., a provider of innovative information technology and hospitality software solutions, is expanding its presence in the UK and EMEA hospitality markets by acquiring Triangle Hospitality Solutions. Triangle has been the UK-based reseller for the full suite of InfoGenesis solutions offered by Agilysys. The acquisition also adds the Triangle mPOS solution to the Agilysys hospitality product offering. Triangle mPOS is a handheld point-of-sale solution that seamlessly integrates with the InfoGenesis product suite. The Triangle and InfoGenesis solutions, along with the Visual One hospitality software suite, will enable Agilysys to expand its customer base across the hospitality industry including gaming, food service, hotels, cruise lines and stadiums.

Announcement Date: September 4, 2008
Deal Value: Undisclosed

AFS acquires IRM and Motek Information Systems

AFS Technologies, Inc, a leading provider of software solutions to the food and beverage industries, announced that it has completed the acquisition of IRM Corporation, provider of both on-demand and on-premises business intelligence, forecasting and trade promotion management solutions to manufacturers, distributors and brokers in the food, beverage, and CPG industries, all delivered in the SaaS model. With the acquisitions of IRM and Motek, AFS now serves over 750 customers operating within the manufacturing, processing, and distribution segments of the food and beverage industries. AFS will employ over 150 professionals and will be headquartered in Phoenix, AZ with offices in California, Connecticut, Florida, Texas, and Bangalore, India.

Announcement Date: September 2, 2008
Deal Value: Undisclosed

Tyler Technologies acquires School Information Systems

Tyler Technologies, Inc. has acquired School Information Systems, Inc. SIS develops and sells a full suite of student information and financial management systems for K-12 schools. SIS was established in 1983 and had annual revenues of more than $5 million in its last fiscal year. It has a customer base that includes more than 275 school districts in Missouri and Illinois, including the St. Louis Public Schools, Missouri’s largest school district. Approximately 45 employees have joined Tyler with the acquisition. The addition of SIS further broadens Tyler’s presence nationwide in the K-12 school market.

Announcement Date: September 2, 2008
Deal Value: Undisclosed

Edmond Scientific Company acquires Access Litigation

Edmond Scientific Company has acquired Access Litigation Support Services. Under the terms of the agreement, ESC purchased existing Electronic Data Discovery software including NatiVIEW Analytics 2.0 web-hosting solution, as well as proprietary data processing software, both award winning products developed by ALSS. In completing the acquisition, ESC not only complements its solutions-based litigation support business, but accelerates a strategy of service leadership through technological innovation in a rapidly growing e-discovery market.

Announcement Date: August 29, 2008
Deal Value: Undisclosed

Sparxent acquires NetworkD Corporation

Sparxent, a newly formed IT and business solution provider focused on the middle market, acquired NetworkD Corporation, a value-added reseller with offices in North America and Europe. Established in 1996, NetworkD has a base of more than 6,000 customers throughout the U.S. and Europe. NetworkD is a strategic acquisition for Sparxent. It has an excellent reputation, a strong customer base and it will become the platform for future growth. This is Sparxent’s first step in creating a new business model for providing software, hardware and IT consulting services to mid-market companies.

Announcement Date: August 25, 2008
Deal Value: Undisclosed

AdEx Media acquires Digital Instructor

AdEx Media Inc acquired Digital Instructor LLC, a provider of online marketing services. Digital Instructor LLC provides online marketing services for digital learning products and services. Its services include Overnight Genius, Rising Star Learning, Debt Snap. AdEx is growing through the combination of organic growth and strategic acquisitions. The addition of Digital Instructor gives AdEx Media another suite of products to distribute through its diversified multi-channel distribution network and enhances its overall position with advertisers and publishers. Digital Instructor had revenues of approximately $4.8 million.

Announcement Date: August 15, 2008
Deal Value: Undisclosed

Braintech acquires SHAFI Companies

Braintech Inc. has acquired SHAFI Inc. and 80 percent of the ownership of SHAFI Innovation Inc. (together SHAFI). As a result, Braintech will acquire key proprietary assets from SHAFI, providing Braintech with a technological launching pad to accelerate its expansion into a wide range of new markets that include aerospace, consumer, food and beverage, government, medical, pharmaceutical, plastics, and semi-conductor. SHAFI Inc. and SHAFI Innovation Inc. will each become operating subsidiaries of Braintech. RELIABOT, SHAFI’s branded product, will continue to be sold during a transition period until the technologies of the two companies are fully integrated. RELIABOT applications include AutoRacking and Bin Picking. Braintech's eVisionFactory software has made significant advancements — including Random Bin Picking — in Vision Guided Robotics VGR software development. The Company believes the integration of SHAFI's market-reliable software solutions for machine vision and robotic guidance applications promises to form a dynamic fusion of technologies.

Announcement Date: August 14, 2008
Deal Value: Undisclosed

Technology One to acquire OutcomeManager

Technology One Ltd planned to acquire OutcomeManager Pty Ltd (Australia), a corporate development software developer. OutcomeManager Pty Ltd, based in South Brisbane, Queensland, develops strategic planning and corporate development software. Its namesake software assists in preparing and monitoring detailed action plans for projects and services designed to achieve outcome targets related to an overall business plan. Its software solutions are offered with auxiliary services that include consulting, report development, systems integration, hosting and training. The company was established in 2000.

Announcement Date: August 11, 2008
Deal Value: $0.9 Million (Cash and earnout)

Media Ventures buys business division of absort Erfolg im Internet GmbH & Co

Media Ventures GmbH, the German venture capital company based in Köln, has acquired Klickfreundlich, which represents the business division “Online-Marketing” of the company erfolg im Internet GmbH & Co. Erfolg im Internet GmbH & Co is a web design agency and software provider from Herford, Germany.

Announcement Date: August 5, 2008
Deal Value: Undisclosed

Leeds Equity Partners acquires Ex Libris Group

Leeds Equity Partners,  private equity fund focused exclusively on investing in the Knowledge Industries, has acquired Ex Libris Group, an Iceland-based provider of automation solutions for academic, research and national libraries. "Ex Libris is the global leader in partnering with libraries to help manage all of their knowledge assets.  The Company has been truly visionary in developing sophisticated, next generation applications,” said Robert A. Bernstein, co-founder of Leeds Equity Partners.

Announcement Date: August 5, 2008
Deal Value: Undisclosed

Amphire Solutions to acquire barbox

Amphire Solutions, a developer of web-based software for the foodservice and hospitality industries, is acquiring barbox, a UK-based online ordering service for the licensed beer, wines and spirits trade. Amphire said that the addition of barbox, a joint venture between Coors Brewers and Scottish & Newcastle, will give it an additional platform to expand its business into another large sector of the global foodservice market. barbox is the developer of free trade website, barbox.com, which has nearly 15,000 registered outlets and takes up to $16 million in orders a week.

Announcement Date: August 4, 2008
Deal Value: Undisclosed

Wright Express to acquire Financial Automation

Wright Express Corporation, a provider of payment processing and information management services to the commercial and government fleet industry in North America, is acquiring the assets of Financial Automation Limited, a New Zealand-based provider of fuel card processing software solutions. Wright will leverage FAL’s innovative technology in its work with the international fleet card needs of oil companies around the globe. As a pioneer in the North American fleet card industry, Wright Express will continue to focus on doing what it does best: meeting the complex requirements of its customers, wherever they are located. Acquiring FAL will accelerate the time-to-market as a provider of fleet card solutions in new geographic markets worldwide.

Announcement Date: July 30, 2008
Deal Value: $9 Million

Webloyalty acquires Loyalty Ventures' Incentive Networks

Webloyalty.com, a provider of incremental revenue for online businesses, acquired the business of Loyalty Ventures, the developer of private label solutions that increase revenue and enhance customer loyalty for e-commerce merchants. Incentive Networks, a comprehensive and customizable loyalty marketing platform created by Loyalty Ventures, operates private-label, merchant-funded loyalty programs that enable affinity and membership organizations to reward their members with frequent flyer miles, cash back coupons or other incentive awards. The acquisition enables Webloyalty to provide online businesses with greater access to a marketing platform that drives traffic to their sites with special offers or cash back incentives from over 2,500 online retailers.

Announcement Date: July 29, 2008
Deal Value: Undisclosed

EFI acquires Pace Systems

EFI, provider of customer-focused digital printing solutions, has acquired privately-held Pace Systems Group, a print management software company providing practical print MIS and e-commerce solutions that make printing and graphic art companies more efficient and profitable. Pace’s technology will be a complement to EFI’s own efforts, allowing it to meet its goal of a more efficient development process much sooner than anticipated. The combination of the Pace platform and EFI’s technology will help EFI’s customers capture growth and efficiency in the current challenging environment, and at the same time will bring a unique and powerful value-add application to its inkjet and Fiery customers.

Announcement Date: July 29, 2008
Deal Value: $21 Million (Cash plus undisclosed potential earnout)

Network for Good acquires ePhilanthropy

Network for Good, a provider of online fundraising services and how-to resources for nonprofits including donation processing, email outreach and donor management, will acquire the ePhilanthropy Foundation. ePhilanthropy is an educational organization helping other nonprofits to use best Internet practices. Network for Good gains help tools for nonprofits through the acquisition.

Announcement Date: July 29, 2008
Deal Value: Undisclosed

Solera acquires UC Universal Consulting Software

Solera Holdings, Inc., a provider of software and services to the auto insurance claims processing industry, has acquired UC Universal Consulting Software GmbH, a provider of software and services to collision repair facilities in Germany. UCS has more than 1,200 collision repair facility customers.  The deal enhances Solera’s shop market and provides additional value to insurance company customers.

Announcement Date: July 28, 2008
Deal Value: Undisclosed

Rosetta Marketing Group buys Brulant

The Rosetta Marketing Group LLC has acquired Brulant Inc., a provider of web development and marketing services. Rosetta Marketing offers similar services. The deal would make Rosetta the 13th largest interactive marketing company in the U.S.-based on combined 2007 revenues of both companies.

Announcement Date: July 25, 2008
Deal Value: Undisclosed

Bematech acquires MisterChef

The Brazilian hardware manufacturer Bematech has signed an agreement to acquire MisterChef, a provider of software solutions for the food industry. Founded in 1990, Bematech provides an integrated platform consisting of hardware, software and services to automate commercial processes and support the management of commercial retailers. With this acquisition, Bematech strengthens its presence in the market, expanding its software offerings to micro and small retailers in the food industry.

Announcement Date: July 23, 2008
Deal Value: Undisclosed

TouchPoint Print Solutions acquires Commercial Communications

TouchPoint Print Solutions Corp., a printing company acquisition platform sponsored by Huron Capital Partners, has acquired Commercial Communications Inc., a provider of digital document management, commercial off-set printing and fulfillment services. The addition of CCI to the TouchPoint platform significantly enhances TouchPoint’s document management and digital printing capabilities within the Midwest region of the country. Additionally, CCI provides the company with access to new customers in the Western United States through its Tempe, AZ operations.

Announcement Date: July 22, 2008
Deal Value: Undisclosed

Environmental Service Professionals acquires Porter Valley Software

ESP has acquired the inspection industry's leading software developer, Porter Valley Software, Inc., makers of the InspectVue line of professional home and commercial inspection report-writers. ESP is the first publicly-traded company established to consolidate the highly-fragmented home inspection industry and to specialize in environmental inspections. PVS inspection report-writers complement the ESP business model by creating an integrated software solution for the next generation of Real Estate Inspectors that includes residential, commercial, environmental inspections, testing and laboratory analysis.

Announcement Date: July 18, 2008
Deal Value: Undisclosed

AXA acquires Altares Group

AXA Private Equity, a French buyout firm, has acquired a 57.1 % stake in B2B information provider Altares Group. Altares offers information on an international scale covering the legal, sales, credit and solvency data of companies. The business, based in Nanterre, was formed in 2004 through the merger of the BIL Legal Information Database and Dun & Bradstreet France. Altares recorded revenues of €54 million in 2007 and has 300 employees.

Announcement Date: July 16, 2008
Deal Value: Undisclosed

Avnet acquires Source Electronics

Avnet Inc. has acquired Source Electronics Corp, a provider of outsourced custom programming services for integrated circuits, from HIG Capital.

Announcement Date: July 11, 2008
Deal Value: Undisclosed

Open Text acquires Corbis Division

Open Text Corporation, provider of Enterprise Content Management software, acquired eMotion LLC from Corbis Corporation. The eMotion division will become part of Open Text's Artesia Digital Media Group. eMotion serves more than 70 marketing-department customers, including some of the largest Fortune 500 companies. The acquisition gives Open Text's Artesia Digital Media Group a broader portfolio of offerings for marketing departments and advertising agencies, adding capabilities that complement its industry-leading enterprise marketing asset management solution, Artesia DAM. The move will extend Open Text's digital media capabilities as part of its Enterprise 2.0 strategy.

Announcement Date: July 10, 2008
Deal Value: Undisclosed

Vertabase acquires Accomplice task management software

Vertabase, a developer of project management software, acquired Accomplice and its task management software. Accomplice provides a patented, simple and effective way for users to manage to-dos, goals and notes, and then synchronize this information with their teams. Activities may be sub-tasked, prioritized, scheduled, delegated and tracked. Supporting information -- e-mail, documents, rich text and web links -- may also be turned into notes and linked to activities. For greater flexibility, Accomplice may be integrated with Microsoft Outlook and synchronized with smart phones. Accomplice has garnered a strong worldwide following, ranging from individuals to small-and-medium businesses to Fortune 50 organizations. Accomplice adds 30,000 registered users to the Vertabase customer base. Vertabase, with its strong customer orientation and expertise in project management software, will take Accomplice software to the next level.

Announcement Date: July 9, 2008
Deal Value: Undisclosed

The Active Network acquires HY-TEK Sports Software Businesses

The Active Network, Inc., provider of application services technology and marketing solutions for community service and participatory sports organizations, has acquired Hodgson’s hurricane’s, Inc. and certain assets of T&C Products, Inc., which collectively operate under the name HY-TEK Sports Software, the software and services provider to over 95 percent of the swimming and track & field clubs, schools and organizations in the United States. HY-TEK offers a wide range of solutions to the swimming and track & field communities, including team management, meet management, athlete training and performance enhancement, database support and administrative tracking. HY-TEK’s software is used by more than 20,000 professional leagues (USA Track & Field and USA Swimming), national governing bodies, and high schools and colleges in over 30 countries around the world.

Announcement Date: July 7, 2008
Deal Value: Undisclosed

Porthus acquires Dataficiency

Porthus, an On Demand IT solutions provider, is acquiring Dataficiency Software & Advies BV in the Netherlands. Eindhoven-based Dataficiency is an important player in the Dutch market in expedition and customs software and has extensive knowledge in this area. With this acquisition, Porthus will establish a stronger footprint in the Dutch market. In addition, Porthus will strengthen its Supply Chain Suite and the Porthus.net Customs product in particular.

Announcement Date: July 2, 2008
Deal Value: Undisclosed