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News & Updates - Wednesday, November 22, 2006

Trimble Buys Spacient And Other Fresh Deals

Investments
+ FRANCE Codasystems has raised €2M from OTC Asset Management (Business solution to document and legally certify images)
+ SANTA CLARA, CA Sonoa Systems has raised a Series B round from Bay Partners, Norwest Venture Partners, Juniper Networks, SAP Ventures, and Net One Systems. (IT infrastructure and web services)
+ NEW YORK, NY SJF Ventures has invested in Intechra Holdings as part of a $6.5M equity round.
(Electronics recycler and information technology asset disposition)

M&A
+ MELLVILLE, NY SunGard has acquired Integrated Business Systems. No financial terms were disclosed. (Software solutions to hedge funds)
+ MILPITAS, CA & PUNE, INDIA LSI Logic [NYSE: LSI] has acquired Metta Technology for $7M in cash (Multimedia system-on-chip technology and related software for consumer electronics products)
+ SUNNYVALE, CA & LONG BEACH, CA Trimble [Nasdaq:TRMB) has acquired Spacient Technologies in an all-cash transaction. Financial terms of the transaction were not disclosed. (Enterprise field service management and mobile mapping solutions for municipalities and utilities)
+ NEW YORK, NY New Wave Mobile to acquire WagerPhone for 115M restricted shares and $500k (Lottery purchases via the Internet and cell phones)
+ LONDON, UK Kennet Partners has sold Aspective Limited to Vodafone UK (Application service provider)