alarm:clock

IPO - Monday, July 30, 2007

Tech Distributor To Latin America - Intcomex - Files IPO

intcommex.png
Computer distributors sit at the bottom of the value totem pole. It's a low margin business and has been for some time. We can't remember seeing a distributor get venture funding in a decade or more. So we are surprised to learn Florida-based Intcomex has filed for an IPO.

The company distributes computer components, peripherals, software, computer systems, accessories, networking products and digital consumer electronics to more than 32,000 customers in 45 countries, with a focus on Latin America and the Caribbean and calls itself the 2nd strongest distributor in the region.

Founded in 1988, Intcomex says that from 2001 to 2005, its revenue grew from $324.1M to $716.4M. Intcomex has filed for a $125M IPO and plans to trade on the Nasdaq under the ticker symbol ICMX, with Citi and UBS as lead underwriters. Intcomex was acquired in 2004 by Citicorp Venture Capital.

View - site
Read - Reuters post

More Recent Articles

ThumbBehavioral Ad Network JellyCloud Raises $11.5M

Friday May 16, 2008

Redwood City's JellyCloud has called down $6.6M of a $12M Series A1 round, says PEWire. Investors are Softbank America,US Venture Partners , Crosslink Capital and Sand Hill Capital. JellyCloud is led by CEO Scott VanDeVelde who was CEO at Claria (aka adware's Gator). Others in the leadership come from Claria. JellyCloud is in semi-stealth mode but leverages patented behavioral targeting technology on behalf of Advertisers, Publishers, Software providers and ISPs. The key here is ISPs. The trend among behavioral networks is to partner with ISPs to match data that ISPs have on Web traffic with ads that want to be targeted. As with Claira, it looks like Jellycloud is starting to become controversial. We spotted some complains on message boards like this one from Darlene T: "How do i get grape.jellycloud.com to stop coming up as my home page. I don't know what it is.?" and from Woodbrooke "My internet history keeps reporting grape.jellycloud.com, i don't know what this is?" View - site...

ThumbAsk.com Picks Up Dictionary.com After It Was Jilted By Answers.com

Thursday May 15, 2008

Ask.com is buying Dictionary.com parent Lexico (which also owns Thesaurus.com. If it sounds like this is a repeat of an old post that's because Answers.com had announced it would pay $100M for Lexico last year, before that deal went south with Answers' financing. The NY Times reports that Ask.com will also pay about $100M. Ask.com says that buying Lexico will expand its audience by 11% thanks to 145M unique monthly users. An eye-popping number is that Lexico currently only has 20 employees. Wow. View - site...

alarm:clock © 2004-2008