Archive for the ‘M&A’ Category

Steve Case’s Sequel Company, RevolutionHealth.com Has Acquired CarePages

Amit Chowdhry | April 22, 2007 | 349 Views | Add a Comment
Categorized under Columbia University, Hopewell Ventures, M&A, The American Academy of Family Physicians, Woodland Venture Management

RevolutionHealth / CarePages LogoA couple of days ago Steve Case appeared on CNBC regarding the launching of his new website, RevolutionHealth.com. One of the questions that Case was asked is if RevolutionHealth will pursue an IPO. Case agreed that this is a direction that he wanted to follow.

According to alarm:clock, RevolutionHealth acquired CarePages, a portal that allows families to create virtual meeting places. CarePages also allows families to share news and 52 photos. CarePages receives about 30 million page views per month and has deals with over 500 hospitals. CarePages was VC-funded by Woodland Venture Management and Hopewell Ventures.

RevolutionHealth’s parent company is Revolution LLC. Revolution LLC was launched in April 2005 and aims to build companies rather than just investing in them. RevolutionHealth has partnerships with The American Academy of Family Physicians and the Columbia University Medical Center.

Steve Case is a co-founder and former CEO/Chairman of America Online. Case played a major role in the Time Warner and AOL merger back in 2000.

[Previous Pulse 2.0 coverage of RevolutionHealth]

Google Acquires Marratech’s Software (Not the Company); Now Pursuing Videoconference Application

Amit Chowdhry | April 20, 2007 | 341 Views | Add a Comment
Categorized under Google, M&A, Marratech

Google / Marratech Logos

Google announced yesterday that they have acquired Marratech’s software.  Marratech is a global company based in Sweden “which enable remote groups and individuals to collaborate and interact over the internet [Source: About Marratech].”

Google will be collaborating and depending on Marratech engineers based in Sweden as far as research and development is concerned for the software tools.

WebEx is a company that provides similar solutions which was recently acquired for $3.2 billion by Cisco Systems. 

Are you pondering what I’m pondering?  The tools gained by Google’s recent acquisition of Marratech software and Tonic Systems (developer of online presentation software) combined could make one kick-ass online application.  Hopefully we’ll start hearing more about this as the summer passes.

Google’s Presentation Tool Code-Named ‘Presently’

Amit Chowdhry | April 20, 2007 | 299 Views | 2 Comments
Categorized under Google, M&A

Tonic Systems & Google LogosGoogle’s chief executive, Eric Schmidt: “I think most people would agree that PowerPoint is the de-facto application for presentations, and one of the best programs Microsoft has (that, and Excel). If Google only provides online support for its new software, the issues are the same as for its other offerings: No network equals no work. I would imagine that Google could get good traction if the software supports imports/exports to PowerPoint, but I doubt it will take any significant market share away from Microsoft for quite some time. The great thing about Google’s offerings is the built-in ability to share between anyone, which totally blows Microsoft out of the water. Google needs to catch up on features, and Microsoft needs to find a way to share as easily as Google.”

A couple of days ago, Google announced that they had acquired Tonic Systems. This move was not necessarily made to compete with Microsoft PowerPoint directly, but to add to the arsenal of online office applications that Google already supports such as Google Docs & Spreadsheets.

The new software is expected to release by this summer and is practically run on JAVA. This announcement was made officially on the Google Blog. Google Operating System, a blog that focuses on the changes made by Google on regular basis discovered in the code of Google Docs & Spreadsheets an error message displaying:
var MSG_POPUP_BLOCKER=”Presently is unable to launch your presentation in full-screen mode. Check your pop-up blocker settings.”;

This is an indication that the code name used for the software is Presently. This may actually be the official name for the upcoming software too, but it is just speculation for now.

Hewlett Packard Company Acquires Photo Template Network Site, Tabblo

Amit Chowdhry | March 22, 2007 | 333 Views | 1 Comment
Categorized under Hewlett Packard, M&A, Tabblo

  Hewlett Packard LogoTabblo Logo
Tabblo, a social network where users can upload photos and integrate stylish templates along with those photos has announced today that they are being acquired by Hewlett-Packard Company (NYSE: HPQ).  Hewlett Packard’s appeal in the purchase was fueled particularly by Tabblo’s large network of 150 thousand tabblos (users) and 5 million uploaded photos.  The company started in May 2006.

Tabblo.com will stick around and will be applying new technologies as a result of the acquisition.  HP also owns Snapfish.com, which is also a photo-sharing website.   Tabblo and Snapfish will remain independent of each other.  The founder of Tabblo is Antonio Rodriguez.

“Tabblo is a very cool company with a great product. They’ve got Flickr-like community, they blogged critically about Yahoo while sponsoring Techmeme and I’ll tell you - I often show off the Tabblo of the kids in my family to people who visit my house. Naysers called them an also-ran but they deserve a big congrats today” stated Marshall Kirkpatrick, Director of Content at SplashCast.

The announcement was made official by the Tabblog.

Google Now Owns Adscape Media

Amit Chowdhry | March 18, 2007 | 305 Views | Add a Comment
Categorized under Adscape Media, Google, M&A

Google-Adscape
Adscape Media
is a company based in San Francisco that offers dynamic advertising with storyline integration. Since Adscape Media offers in-game advertising, Google felt that this could add value to publishers and advertisers. Current partners of Adscape will continue to get paid.

The financial details of the acquisition were not disclosed. Adscape is currently in discussions with large and small firms for game development and advertising integration. Whether this service will become a part of AdSense is also still a mystery.

This post was made official by the Google Blog and the Adscape Media homepage.

This Week in Acquisitions: Microsoft and Cisco Systems

Amit Chowdhry | March 15, 2007 | 676 Views | 4 Comments
Categorized under Cisco Systems, M&A, Microsoft Corporation, Tellme Networks, WebEx

Cisco Systems LogoWebEx Logo
Today, it was announced that Cisco Systems, one of the world’s leading routing device manufacturers has acquired WebEx, a web conferencing company. The amount that Cisco paid was $3.2 billion, an amount that eclipses some of the more recent acquisitions (i.e. MySpace for $580 million and YouTube for near $1.7 billion).

WebEx was founded by Subrah S. Iyer and Min Zhu and is based in Santa Clara, CA. WebEx has several products that include WebEx Meeting Center, WebEx Event Center, and WebEx Training Center. WebEx had acquired Intranets.com in 2005 and had announced to launch a business version of AOL Instant Messenger last year using the conference tools of WebEx.

Currently WebEx Communications, Inc. has a market cap of $2.82 billion and trades under the NASDAQ: WEBX symbol. GigaOM has some further insight regarding why Cisco would actually buy the company. In summary, Om Malik summarized that this move by Cisco is a way for them to stay competitive with Microsoft’s VOIP efforts.

microsoft_logo.gifTellMe Logo
Yesterday, Microsoft had announced that they had acquired TellMe. TechCrunch had speculated and then later confirmed the rumor and it was made official by a Microsoft press release.

“Speech is universal, simple and holds incredible promise as a key interface for computing,” said CEO of Microsoft, Steve Ballmer. “Tellme brings to Microsoft the talent, technology and proven experience in speech that will enable us to deliver a new wave of products and revolutionize human-computer interaction.” The price is unknown, but Om Malik mentioned that he heard a rumor that it was greater than $800 million and less than $1 billion.

TellMe was founded in 1999 by Mike McCue. McCue is also currently the CEO. According to some Wikipedia analysts, “Early venture-funded competitors included BeVocal, Hey Anita and Quack.com, which was acquired by America Online to power its competing service AOL By Phone.” Tellme has processed almost 2 billion unique calls. The company is based in Mountain View, CA.

Schtuff.com Now Sticks To The Roof of PBwiki’s Mouth

Amit Chowdhry | March 2, 2007 | 604 Views | Add a Comment
Categorized under M&A, Mohr Davidow Ventures, Schtuff, Wikia, pbWiki

pbWiki LogoSchtuff.com Logo
PBwiki, the website that makes creating wikis simple and password-protection possible also has announced the acquisition of Schtuff, another easy-creation wiki website. PBwiki is a fairly young start-up, created in June 2005 and within 48 hours of launch, 1000 new wikis were made.

Schtuff.com was created by JanRain, a team of 11 people who have been actively working on OpenID protocol. Schtuff.com has about 1 million users and will add OpenID to PBwiki. The acquisition was made by means of customer revenue and not by the venture capital money.

Mohr Davidow Ventures are the ones who invested $2 million in PBwiki and Ron Conway and Chris Yeh plugged in $100K. PBwiki also competes with Wikia, a website created by Jimmy Wales who also founded the concept of the wiki.

[Source: StartupSquad / PBwiki Blog]

Microsoft to Buy Health Search Engine, Medstory Inc.

Amit Chowdhry | February 26, 2007 | 409 Views | 1 Comment
Categorized under Google, M&A, Medstory Inc., Microsoft Corporation, WebMD

Microsoft Logo Medstory Logo
Today it was announced that Microsoft Corporation has hinted at becoming more active in the healthcare sector by possibly acquiring Medstory Inc. Medstory is a health search engine start-up in Foster City, CA. Medstory’s search software algorithms revolve around an ability to detect medical and health-related articles within Internet medical journals, government documents, and also the newly featured Wall Street Journal and Breastcancer.org articles.

This acquisition also indicates Microsoft’s intention to “improve the consumer experience in health care” stated Peter Neupert, VP of Health Strategy at Microsoft. “Search is a critical part of that better end-to-end experience for consumers.”

So, who is the competition? RevolutionHealth.com is a competitor and is backed by Steve Case, former chairman & also the co-founder of America Online. WebMD is one of the conglomerates out there right now that has a market cap of $3.05 billion and has made an annual revenue of $253 mill this past year.

Google is also another player in the field. “Using the Google Co-op platform, Google and the health community have labeled sites and pages across the web making it easier for users to refine their health queries and locate the medical information they need” wrote Adam Bosworth on the Google Blog.

From first-hand experiences, I believe that many people do not understand the importance of technology and its contribution to healthcare until they know someone who has been diagnosed with a disease or shows irregular symptoms. For example, I had a relative get a call this past weekend from the Er because he had high potassium levels. So the first place we turned was WebMD to see what could alleviate the high potassium levels.

I believe that there is a correlation between this news and the regular announcements made by the Bill & Melinda Gates Foundation. I also believe this would be one of Microsoft’s smartest acquisitions compared to some of their previous.

Update: eBay Acquiring StubHub for $310 Million

Amit Chowdhry | January 10, 2007 | 408 Views | 5 Comments
Categorized under Funding, M&A, StubHub, eBay


Today, eBay (NASDAQ: EBAY) has confirmed their acquisition of StubHub in a press release.  Earlier today, I wrote about how eBay could make the announcement as early as tomorrow, but eBay clearly wanted to announce it sooner.  eBay is going to buy StubHub for $285 million + $25 million (in StubHub books). 

“StubHub has been extremely successful in the online tickets segment, and it’s a perfect complement to eBay’s tickets business,” stated Bill Cobb the president of eBay North America Marketplaces. “Together we can strengthen both businesses and provide fans with more choice and better service.”

The acquisiton is expected to be fully completed by the end of the first quarter in 2007.  Whether eBay will keep StubHub independent or not is still yet to be known.Â