Answers.com to buy Wiki-based Community Site FAQ Farm
Wednesday, 8 November, 2006 at 12:12 pm | In Internet | 5 CommentsAnswers Corporation , creators of Answers.com service, today announced the acquisition of FAQ Farm, a leading wiki-based website containing a content-rich, cross-disciplinary library of user-contributed questions and answers. The initial integration of FAQ Farm into Answers.com is expected to launch in Q1, 2007.
The acquisition was completed for $2 million in cash, representing a multiple of approximately five times revenue, based on unaudited numbers. Additional terms of the transaction will be included by Answers in its current report scheduled to be filed with the Securities and Exchange Commission later today.
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AOL Acquires Relegence Corporation
Wednesday, 8 November, 2006 at 10:18 am | In Internet | 5 CommentsAOL LLC today announced that it has acquired leading financial news and information search technology company, The Relegence Corporation of New York, NY.
msystems Shareholders Approve Merger with SanDisk
Wednesday, 8 November, 2006 at 10:14 am | In Memory, Microelectronics, Storages | Leave a CommentSanDisk Corporation and msystems today announced that the shareholders of msystems have voted to approve the acquisition of msystems by SanDisk at a special shareholder meeting held today at msystems’ offices in Kfar Saba, Israel. More than 99% of the shares represented at the meeting voted in favor of the transaction.
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Network Appliance enlarge heterogeneous data protection portfolio by Topio software
Wednesday, 8 November, 2006 at 10:09 am | In Software, Storages | 3 CommentsNetwork Appliance, Inc. today announced that it has entered into a definitive agreement to acquire Topio, a privately held Santa Clara, California based company with R&D in Haifa, Israel, for approximately $160 million in an all-cash transaction. Topio, a NetApp Strategic Partner, is highly regarded for its innovative software that helps customers replicate, recover, and protect data over any distance regardless of the underlying server or storage infrastructure. The combination of Topio software and NetApp proven data management solutions will enable enterprises to safely, reliably, and nondisruptively replicate their production data on any vendor system — including EMC, HP, or HDS — to any NetApp storage system.
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