S&P Global Market Intelligence provides a wrap-up of U.S. companies' technology, media and telecommunications deal announcements and completions from Sept. 3 to Sept. 9.
* Tellza Inc. divested its nontelecommunications portfolio investment in Rightway Holdings LLC. The company said Sept. 9 that it used the proceeds to repay all amounts owing to its senior lender under its credit facility. Tellza also said its nontelecommunications portfolio investment in Merkez Factoring AS has ceased operations due to the economic turmoil in Turkey. Tellza has taken a noncash reserve against this portfolio investment.
* Technology-focused private equity firm Insight Venture Partners LP agreed to buy Episerver in a deal that values the cloud-based software company at US$1.16 billion. The target company, which is behind the Episerver Digital Experience Cloud platform, is backed by Accel-KKR. The transaction is slated to close in the third quarter.
* The European Union has cleared Apple Inc.'s proposed acquisition of British music recognition app Shazam Entertainment Ltd. While approving the deal, the commission concluded that the merger would not adversely affect competition in the European Economic Area or any substantial part of it, according to a Sept. 6 news release. In December 2017, Apple confirmed that it had agreed to buy Shazam, which allows users to identify songs, TV shows, films and commercials.
* SS&C Technologies Holdings Inc. has agreed to acquire IntraLinks Holdings Inc. from affiliates of private equity firm Siris Capital Group LLC for a total consideration of $1.5 billion. The purchase price will consist of $1 billion in cash and $500 million in SS&C stock, with the per-share price of the stock based on the volume weighted average trading price for 30 trading days prior to closing. The purchase price represents 10.9x expected 2018 adjusted EBITDA and 9.8x after giving effect to synergies.
* Nielsen Holdings PLC completed its acquisition of SuperData Research Holdings Inc. SuperData Research provides market intelligence on digital games, gaming video content, virtual reality and augmented reality across mobile, PC online, console and other digital platforms. The company analyzes the spending of more than 160 million paying digital gamers worldwide. As part of the transaction, SuperData will now be referred to as "SuperData, a Nielsen company."
* Private equity firm Abry Partners Inc. agreed to buy Donuts Inc., an internet domain name registry company, for an undisclosed sum, according to a Sept. 5 news release.
* Private equity firm Thoma Bravo LLC agreed to buy a majority stake in middle-office software provider Apttus Corp. for an undisclosed amount. The transaction is set to be finalized in early October, pending regulatory approvals and customary closing conditions. Thoma Bravo Operating Partner and former Blue Coat Systems President and COO David Murphy will become executive chairman of Apttus upon completion of the deal.
* The Getty family will resume full control of its namesake visual content company Getty Images Inc. after acquiring a majority stake held by private equity firm Carlyle Group LP, the parties announced Sept. 4. Under the terms of the deal, the Getty family will buy Carlyle's equity interests for cash plus units that provide Carlyle with an ongoing financial interest in the future growth of Getty Images. Following the transaction's closing, expected by the end of the third quarter, Getty Images will undergo several executive changes.
* Germany's Munich Re Co. is acquiring Relayr Inc. in a deal that values the Boston technology company at $300 million. Relayr offers industrial players end-to-end solutions in the area of the internet of things and digitalization. The joint business model will develop solutions for clients, offering technology, risk management, data analysis and financial instruments.
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