Columbia West Capital News - Southwest Deal Intelligence
10.19.11 Utah Deal Intelligence - September 2011


This report is prepared as a courtesy to the Utah business community by Columbia West Capital, LLC 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 assure 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   

9/6/2011 ClearOne Communications Inc. (NasdaqCM: CLRO) acquired MagicBox Inc. The terms of the transaction were not disclosed. ClearOne Communications operates as a communications solutions company that develops and sells audio conferencing, collaboration, streaming media, and connectivity systems and other related products for audio, video, and web applications and is based in Salt Lake City, Utah.    


9/7/2011 Hitachi Data Systems Corporation acquired BlueArc Corporation from Fort Washington Capital Partners Group. The terms of the transaction were not disclosed. Fort Washington Capital Partners Group is a private equity and venture capital firm that specializes in fund of fund investments which includes both primary and secondary fund investments; and direct co-investments and has an office in Salt Lake City, Utah. Squire Sanders & Dempsey LLP served as legal advisor to Hitachi Data Systems Corporation.    


9/8/2011 Callidus Software Inc. (NasdaqGM: CALD) acquired Rapid Intake, Inc. The terms of the transaction were not disclosed. Rapid Intake provides e-learning software tools for online interactive computer-based training and is based in Provo, Utah.    


9/8/2011 Frontier Scientific, Inc. acquired assets of ASDI, Inc. The terms of the transaction were not disclosed. Frontier Scientific, a discovery biochemistry company, develops and provides reagents and fine chemicals for research and drug discovery and is based in Logan, Utah.    


9/8/2011 Sinclair Broadcast Group Inc. (NasdaqGS: SBGI) signed a definitive agreement to acquire assets of Four Points Media Group LLC from Cerberus Capital Management, L.P. for $200.0 million. Four Points Media Group owns and operates television stations and is based in Salt Lake City, Utah.    


9/15/2011 Chegg, Inc. agreed to acquire Zinch Inc. from Felicis Ventures LLC, New World Ventures and other investors. The terms of the transaction were not disclosed. Zinch operates a Facebook-like web site that allows students to post profiles for recruitment into colleges and universities in the United States and internationally and is based in Provo, Utah.    


9/21/2011 eCommerce Industries, Inc. acquired Digital Gateway, Inc. The terms of the transaction were not disclosed. Digital Gateway develops dealer management software for office equipment dealers in the United States, Canada, and the Caribbean and is based in Provo, Utah.     


Private Placements  

9/6/2011 G2 Web Services, LLC announced that it has received funding from new investor Primus. The terms of the transaction were not disclosed. G2 Web Services provides customized solutions to protect client's brands on the Internet and is based in Salt Lake City, Utah.    


9/7/2011 Opinionology, Inc. announced a private placement of senior subordinated notes for gross proceeds of $50.0 million with returning lender American Capital, Ltd. Opinionology provides survey research data collection solutions for market researchers in the United States and internationally and is based in Orem, Utah.    


9/20/2011 Mindshare Technologies, Inc. announced it will raise $20.0 million in an equity round of funding from Sorenson Capital. Sorenson Capital is a private equity and venture capital firm specializing in small to middle market buyouts and growth capital investments and is based in Lehi, Utah. Mindshare Technologies provides customer feedback solutions. It offers phone or web activated automated feedback systems and is based in Salt Lake City, Utah.    


9/26/2011 TechMediaNetwork, Inc. announced that it has raised $33.0 million in series B round of funding led by new investor ABS Capital Partners. TechMediaNetwork, a technology media company, operates as a digital publisher and content provider of consumer technology and science news and is based in Ogden, Utah.     


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