Columbia West Capital News - Southwest Deal Intelligence
04.14.14 Utah Deal Intelligence - March 2014


This report is prepared as a courtesy to the Utah business community by Columbia West Capital based on our research and information collected by our firm. Despite our dedicated efforts, occasionally a deal might be missed or appropriate credit not given to legal or financial advisors. Please feel free to contact us if you have information on a transaction that you want to ensure is included and credit attributed to appropriate advisors. Also, feel free to forward to others who may have interest; they can be added to the regular distribution by contacting our office. Our contact information is below.      

M&A - Strategic  

3/3/2014 Yardi Systems, Inc. acquired Centershift, Inc. The terms of the transaction were not disclosed. Centershift develops self-storage management software for the self-storage industry and is based in Salt Lake City, Utah.

3/5/2014 VacationRoost Group Inc. acquired LeisureLink, Inc. The terms of the transaction were not disclosed. VacationRoost operates as an online provider of vacation rental homes and is based in Salt Lake City, Utah.                         

3/5/2014 ClearOne, Inc. (NASDAQ:CLRO) acquired Sabine, Inc. for $10.3 million. ClearOne designs, develops, and sells conferencing, collaboration, streaming, and digital signage solutions and is based in Salt Lake City, Utah. Parsons Behle & Latimer served as legal advisor to ClearOne.

3/6/2014 Mobile Technologies Inc. acquired ArmorActive, Inc. The terms of the transaction were not disclosed. ArmorActive provides hardware, software, and mobile applications to customers worldwide and is based in Salt Lake City, Utah.

3/11/2014 Integra Telecom, Inc. acquired Protel Inc. The terms of the transaction were not disclosed. Protel distributes phone systems and structured cabling and network solutions for businesses and is based in Salt Lake City, Utah.

3/20/2014 VitalSmarts, LC acquired Vital Skills International LC. The terms of the transaction were not disclosed. VitalSmarts provides corporate training and organizational performance services and is based in Provo, Utah.

3/24/2014 Luxfer Gas Cylinders, Inc. acquired Vexxel Composites, LLC. The terms of the transaction were not disclosed. Vexxel manufactures high-pressure composite cylinders for containment of compressed natural gas and is based in Brigham City, Utah.

3/27/2014 Xtelesis Corporation acquired TecCon, Inc. The terms of the transaction were not disclosed. TecCon provides cloud-based voice, video, and data convergence solutions including advanced VoIP and HD video and is based in Salt Lake City, Utah.

Private Placements

3/4/2014 ServiceMax, Inc. announced it has received $71.0 million in a round of funding from a group of investors including Cross Creek Advisors. Cross Creek Advisors is an investment firm specializing in fund of funds and direct investments and is based in Salt Lake City, Utah.

3/5/2014 Honey Naturals LLC (dba Zarbee's Naturals) announced it has received $14.9 million in a round of funding from a group of investors including Sorenson Capital and Catterton Partners. Honey Naturals designs and develops natural syrups for calming coughs, sore throats, night coughing, and hoarseness in children and is based in South Jordan, Utah. Sorenson Capital is a private equity firm based in Lehi, Utah.

3/21/2014 Lucid Software Inc. announced that it has received $5.0 million in a round of funding from a group of investors. Lucid develops and offers software for making flowcharts and is based in Draper, Utah.

For submissions, please contact Jordan Nelson at jnelson@columbiawestcap.com.