trending Market Intelligence /marketintelligence/en/news-insights/trending/-DgYviHhsOjxQ0AFWq4XzQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Discovery buys majority stake in Play Sports Group; Vast Broadband to buy NTS

OTT Helps To Offset Pay TV Losses for Video Security Vendors

5G Survey: Despite COVID-19 delays, operator roadmaps still lead to 5G

COVID-19 reduces U.S. residential smart meter shipments over the short term but long term still looks positive

Southeast Asian broadband providers report varying performance amid COVID-19


Discovery buys majority stake in Play Sports Group; Vast Broadband to buy NTS

S&P Global Market Intelligence provides a wrap-up of U.S. companies' technology, media and telecommunications deal announcements and completions from Jan. 7 to Jan. 13.

Announcements

* Funds managed by SDC Capital Partners LLC will buy a majority stake in Summit Infrastructure Group Inc., or SummitIG LLC, for an undisclosed amount, SDC said Jan. 11 in a news release. SummitIG, through its fiber-optic network, offers network solutions and bandwidth infrastructure services for carriers, data center operators, content providers and large businesses in northern and central Virginia.

* Vast Broadband entered into a definitive agreement to acquire broadband fiber company NTS Communications Inc. from private equity firm Tower Three Partners LLC. Under terms of the agreement, Vast Broadband's senior management team, including CEO Jim Gleason, CFO Keith Davidson and COO Larry Eby, will join forces with NTS management, according to a Jan. 9 news release.

* Stingray Radio Inc., a wholly owned subsidiary of Canadian media and entertainment company Stingray Digital Group Inc., entered into an agreement to acquire the assets of CHOO-FM in Drumheller, Alberta, from Golden West Broadcasting Ltd. Financial terms of the deal were not disclosed, but Stingray anticipates "the effective multiple paid is in the six times range," according to a Jan. 7 news release.

Completions

* Luminate Capital Partners invested an undisclosed sum in LiquidFrameworks Inc. in exchange for majority control in that company, Luminate said in a Jan. 10 news release. The stake was sold by venture capital firm Houston Ventures and other early investors in LiquidFrameworks, which offers cloud-based quote-to-cash and field ticketing software for the oilfield, industrial and environmental services sectors.

* Thoma Bravo LLC completed its previously announced acquisition of cybersecurity company Imperva Inc. Under terms of the acquisition, Imperva stockholders received $55.75 per share in cash, according to a Jan. 10 news release.

* Vista Equity Partners LLC completed its $1.94 billion acquisition of cloud-based technology business management solutions provider Apptio Inc. Vista acquired all outstanding shares of Apptio common stock for $38.00 per share. Sunny Gupta will remain CEO of Apptio, according to a Jan. 10 news release.

* Cinedigm Corp. completed the sale of a total of 244 digital cinema projection systems. This includes completing the sale of its previously announced 125 digital cinema projection systems, in addition to the sale of 102 digital cinema projection systems. Cinedigm said Jan. 9 that it also sold 17 systems earlier, bringing the total number of digital cinema projection systems sold to date to 244 systems.

* Optium Cyber Systems Inc. closed the acquisition of organic cannabidiol development and marketing company LBC Bioscience Inc. LBC Bioscience was founded by former Optium Cyber Systems director and officer Lisa Nelson, according to a Jan. 9 news release.

* Chicago-based Gladson Interactive Inc. acquired product content management company ItemMaster Inc. for an undisclosed sum. Gladson will add ItemMaster's product content database, consumer-centric attributes and retailer network to its portfolio, according to a Jan. 9 news release.

* Boston-based private equity firm TAC Partners Inc., which invests in the communications, information technology services and media sectors, acquired Carbon60 Networks Inc. and Gossamer Threads Inc. for an undisclosed sum. The two Canadian-managed cloud services companies will be combined and will operate under the Carbon60 Networks name, according to a Jan. 8 news release.

* Technology consulting company Improving said in a Jan. 8 news release that it purchased Innovative Architects LLC for an undisclosed sum. Atlanta-based Innovative, which has satellite offices in Washington, D.C., and Florida, provides cloud computing business technology and enterprise integration and data-driven information technology solutions.

* Discovery Inc. acquired a 71% controlling stake in Play Sports Group, a digital sports media company behind cycling brands Global Cycling Network and Global Mountain Bike Network. Discovery, which originally acquired a 20% stake in Play Sports Group in February 2017, said Jan. 8 that it will leverage the acquisition to help build a worldwide cycling media ecosystem through its principal sports brand, Eurosport.

* Communications equipment provider Motorola Solutions Inc. acquired data and image analytics company VaaS International Holdings Inc. for $445 million in cash and stock, according to a Jan. 7 news release. VaaS International is a "video analysis as a service" company providing vehicle location data to law enforcement agencies and commercial customers.

* In other Gladson Interactive news, the company said in a Jan. 7 news release that it acquired Nashville-based content management software provider Edgenet Inc. for an undisclosed sum. Edgenet's whole team will join Gladson as part of the deal.

* IT and cloud managed services provider Dynamic Quest Inc. acquired managed service provider Carolina Networks Inc. for an undisclosed sum. According to a Jan. 7 news release, Carolina Networks President Susan Parrish will join the Dynamic Quest team as client engagement manager.