Deal Watch

Inktomi buys Webcast software company FastForward Networks for $1.3 billion… Online banking firm Juniper Financial lands $94 million in venture capital from J&W Seligman… Compaq and Nokia join up to create Web and intranet services.

By Paul Bonanos

MEDIA MATCHMAKING After months of telecom-related deals dominating the merger arena, Internet-related media deals took center stage last week. Inktomi took a step toward speeding up its delivery of video content by acquiring FastForward Networks, a streaming-video software firm: Microsoft tuned up its portal with two deals: It bought MP3 storage from Mongo Music and enhanced its chat rooms with’s Net radio.

Elsewhere, Diamond Technology Partners took a shine to Cluster Consulting, paying $930 million for it. acquired for $64million.

Juniper Financial, a consumer-focused online bank, landed a $94 million round of funding led by J&W Seligman, making it the week’s largest venture investment. Cicadence scored $51 million in primary corporate investments, while Investor AB fed nearly $90 million in two companies, wireless firm JP Systems and contractor marketplace

NET  DEAL MONITOR Highlights Of The Week

M & A

Value*     Date        Target Acquirer                                  The Deal

$1,300      Sept. 13    FatForwarf Networks, Inktomi    Content delivery/search firm buys Webcast software company.

$972          Sept. 11    Janna Systems, Siebel Systems    Customer service software firm buys banking CRM software firm

$930          Sept. 11     Cluster, Consulting Diamond         Technology development firm buys strategy consultant

$150          Sept. 11     Covad Communications, SBC Communications    Connectivity firm takes 6 percent stake in DSL service provider

$119           Sept. 13    Venture Finance Software, Intuit Financial software company buys online financial content firm

$90             Sept. 13    Circa Communications, Polycom    Broadband systems developer buys voice-over-IP firm

$82            Sept. 13     Global Sports, Comcast                         Cable company invests in sporting goods site-builder.

$64            Sept. 13,   Online bookseller acquires textbook retail site

$50            Sept. 12, Prince Alwaleed bin Talal   Saudi prince takes stake in reverse-auction site

$27             Sept. 13     Epoch Internet, Williams Communications    Telecom firm takes stake in hosting and connectivity service

N/A            Sept. 13     Covad Communications, FMR                Investment firm raises stake in DSL service provider.

N/A            Sept. 12,       IP telephony service buys voice-over-IP marketing firm

Venture Capital


N/A            Sept. 12      C

Value*  Date        Target Lead         Investors     Target Company    Description

$94         Sept. 12  Jupiter Financial J&W Seligman  Online banking and financial services firm

$51         Sept. 13  Circadence  HP, PSINet  Traffic and monitoring software and services firm

$45         Sept. 13 JP System  Investors AB  Wireless connectivity systems developer

$44         Sept. 12  Investors AB  Contract personnel and project marketplace.

$44         Sept. 11  Procter $ Gamble, IVP  Personalized online beauty retailer

$30         Sept. 12    Apax           Online document exchange service

$30         Sept. 12 Clareon  Technology Crossover   Business-to-business payment systems developer

$25         Sept.11  eNic Behard     Specialized domain-name registrar

$23         Sept. 11 Edventions  Investors group   Educational-services firm targeting elementary schools.

$21         Sept. 12 Mobilocity  Morgan Stanely    Consultancy for mobile and wireless enterprises

$20         Sept. 11  DigiMine Mayfield Fund    Data-warehousing and analysis firm

$20         Sept.11  Event Zero  Firsst Union Web and wireless development firm

$17         Sept. 12 Appshop  Menlo  Managed ASP featuring database software

$15         Sept. 12  GE Equit, SCP  Consumer digital-audio service provider


Type      Date      Partners               The Deal

Alliance Sept. 8 NaviSite/Compaq  Managed hosting service joins PC maker to create application hosting and storage service.

By: Paul Bonanos

Source: The Standard


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