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November 13, 2007
From Ireland to Moscow - Fresh Euro M&A
Comstar United TeleSystems, a telecommunications operator in Russia and the CIS, said it has completed a 100% acquisition of Digital Telephone Networks South, reportedly the largest alternative telecommunications operator in the Southern Federal District of Russia, for a total cash consideration of about $167.4M.
Divx is to acquire German startup MainConcept for $22M plus a $6M earnout, according to several sources, such as newteevee. The Aachen-based company was founded in 1993 by CEO, Markus Moenig who was just 23 years old at the time. It is specialized in standards based video codecs and related technologies that it licenses to OEMs. He joins Divx as a senior VP. In its early days, MainConcept specialized in video editing software for the Amiga, OS/2, and Windows 95. It looks like this one has not raised any venture capital, at least we didn't find any disclosure of it on its website.
The alarm:clock euro notes that this is the second deal in the past month where a US buyer is acquiring compression tech IP in Europe. The other deal is Coding Technologies, which owned the IP on several audio compression technologies.
Iron Mountain bought Ireland's Datastroy, an Irish startup that does not appear to have raised any venture capital. It was a partner of Iron Mountain and specialized in doc shredding.
Posted on November 13, 2007 05:38 AM | Posted to News And Updates | Permalink
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