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The Exit Report: Cooliris, Cimatron, Advanced Computer Software Group

November 28, 2014

IPO

Jasper Technologies, a cloud platform enabling car manufacturers, metering services, home security systems, and other product-based companies to connect to the Internet of Things, is eyeing a 2015 IPO. According to The Wall Street Journal, the company has tapped Morgan Stanley, Goldman Sachs, and Deutsche Bank as underwriters for an offering that is aiming to raise $150 million. Based in Mountain View, Calif., Jasper has received $203.5 million in VC financing from Sequoia Capital and Benchmark, among others.

M&A

British Telecom is contemplating acquiring one of two mobile network operators: O2, which BT spun off in 2002 before it was purchased by Spain’s Telefonica in 2005, and EE, an entity with over 27 million customers that is currently owned by a joint partnership of Orange (France) and Deutsche Telekom. Either company would give BT the increasingly sought after “quad-play” capability, where broadband, TV, mobile, and home phone offerings are bundled into one.

Yahoo has paid an undisclosed amount to acquire Cooliris, an eight year old, Kleiner Perkins-backed photo software company. A statement from Yahoo reaffirmed that the deal was in line with CEO Marissa Mayer’s vision for the company: “In order to build inspiring products, grow engagement, and ultimately revenue, everything starts with having the best people to help us accelerate our transformation in our growth areas,” read the press statement. “As such, we are focusing on acquisitions that align with our key growth areas: search, communications, digital magazines, and video. We are excited to welcome 17 employees from Cooliris to Sunnyvale.”

3D Systems, a Rock Hill, South Carolina-based 3D printing company that went public in 2011, has acquired Cimatron, a 3D Computer Assisted Design (CAD) software company, for $97 million. The purchase represents nearly a 50% premium on Cimatron’s stock price, which closed Friday on NASDAQ at $8.97 per share.

Vista Equity Partners will pay $1.1 billion in cash to acquire Advanced Computer Software Group, an enterprise and healthcare software company based in Britain. At £1.40 per share, Vista is paying a 17% premium.

Rumors suggest that the company Twitter CFO Anthony Noto was referring to in a Direct Message that was errantly published on his Twitter page is Shots, a selfie app backed by Justin Bieber and Floyd Mayweather, among others. “I still think we should buy them. He is on your schedule for Dec. 15 or 16 — we will need to sell him. I have a plan,” read the Tweet on Noto’s profile before it was taken down. Noto joined the company in July after serving as a co-head in Goldman Sachs’ TMT Group and spending three years as the NFL’s CFO.

 

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Filed Under: Exit Report, Finance, Startups

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