Columbia West Capital News - Southwest Deal Intelligence
06.21.16 Utah Deal Intelligence - May 2016


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  

5/2/2016 Codale Electric Supply, Inc. acquired Grove Madsen Industries. The terms of the transaction were not disclosed. Headquartered in Salt Lake City, Codale Electric Supply distributes electrical supplies to industrial/automation, government, commercial, residential, institutional, utility, lighting, and voice/data/video industries.    

5/5/2016 Vonage Holdings Corporation (NYSE:VG) agreed to acquire Nexmo Inc. from Sorenson Capital and others for $250.0 million in cash and stock. Sorenson Capital is a private equity and venture capital firm based in Lehi.    

5/11/2016 Labworks LLC acquired LABWORKS LIMS from PerkinElmer Health Sciences, Inc. The terms of the transaction were not disclosed. Labworks develops and markets laboratory information management systems and is based in Alpine.    

5/17/2016 NICE Systems Ltd. (TASE:NICE) agreed to acquire inContact, Inc. (NasdaqCM:SAAS) for approximately $967.5 million. Headquartered in Salt Lake City, inContact provides cloud contact center software solutions and network connectivity services in the United States. Pillsbury Winthrop Shaw Pittman LLP and Parsons Behle & Latimer served as legal advisors to inContact.    

5/18/2016 Ancestry.com Operations Inc. agreed to acquire Adpay, Inc. The terms of the transaction were not disclosed. Based in Provo, Ancestry.com provides an online family history resource for subscribers worldwide.    

5/18/2016 BDO USA, LLP agreed to acquire Mantyla McReynolds, LLC. The terms of the transaction were not disclosed. Mantyla McReynolds is an accounting firm specializing in tax, assurance, and business advisory services and is based in Salt Lake City.    

5/19/2016 Focus Technology Co., Ltd. (SZSE:002315) acquired Doba, LLC. The terms of the transaction were not disclosed. Doba, based in Orem, provides drop shipping services to retail entrepreneurs and wholesale manufacturers across various product categories.    

5/19/2016 Aquamira Technologies, Inc. acquired the assets of Hub City Outdoor, Inc. The terms of the transaction were not disclosed. Headquartered in Logan, Aquamira Technologies provides water filtration, purification, and storage solutions. Hub City Outdoor manufactures hydration systems and hydration packs and is based in Ogden.    

5/24/2016 Energizer Reliance, Inc. agreed to acquire American Covers Inc. for $340.0 million. American Covers, doing business as HandStands, manufactures car air fresheners, cleaning and conditioning products, anti-bacterial wipes, and other car care products and is based in Draper. Greenberg Traurig, LLP served as legal advisor to HandStands.    

5/26/2016 Qualtrics, LLC acquired Statwing, Inc. The terms of the transaction were not disclosed. Qualtrics is a Provo-based software-as-a-service company that provides software to collect, analyze, and act on voice of the customer, customer satisfaction, employee engagement, market research, etc. for enterprises, academic institutions, and government agencies worldwide.    

5/27/2016 JackRabbit Systems, Inc. acquired Zerista, Inc. from Kickstart Seed Fund and Zipdragon Ventures. The terms of the transaction were not disclosed. Kickstart Seed Fund is a venture capital firm based in Salt Lake City.  

5/31/2016 Myriad Genetics, Inc. (NasdaqGS:MYGN) acquired Sividon Diagnostics GmbH for $55.7 million. Headquartered in Salt Lake City, Myriad Genetics is a personalized medicine company that focuses on the development and marketing of predictive, personalized, and prognostic medicine tests worldwide.  

Private Placements  

5/17/2016 InterVision Systems Technologies, Inc. announced that it has received a round of funding from new investors Huron Capital Partners, LLC and RLG Capital, and other investors. The terms of the transaction were not disclosed. RLG Capital is a private equity and venture capital firm headquartered in Park City.    

5/18/2016 eFileCabinet, Inc. announced that it has received $5.0 million in a round of funding from three investors. Based in Lehi, eFileCabinet provides document management software and file-sharing products and services for small-to-medium sized businesses and departments of large companies.    

5/19/2016 DriveScale Inc. announced that it has received $15.0 million in its Series A round of funding from new investors Pelion Venture Partners and Nautilus Ventures LLC and from existing investor Ingrasys Technology Inc. Pelion Venture Partners is a venture capital firm based in Salt Lake City.    

5/24/2016 Zebra Medical Vision Ltd. announced that it received $12.0 million in an equity round of funding from new investor Intermountain Healthcare, Inc. and others. Based in Salt Lake City, Intermountain Healthcare owns and operates not-for-profit hospitals and clinics that serve communities in Utah and southern Idaho.    

5/26/2016 Kollective Technology Inc. announced that it has received $12.3 million in a round of funding from existing investors Cross Creek Advisors, MK Capital, Pritzker Group, and Hatteras Funds, LP. Cross Creek Advisors is a venture capital firm based in Salt Lake City.  

5/26/2016 SilverVue, Inc. announced that it has received $17.9 million in funding from EPIC Ventures, GE Ventures, Pritzker Group, and others. SilverVue is a healthcare software company based in Sandy. EPIC Ventures is a private equity and venture capital firm based in Salt Lake City.     

For submissions, please email David Lawless at dlawless@columbiawestcap.com.