AT&T Inc. (NYSE: T) has agreed to acquire USinternetworking Inc., an Annapolis, Md.–based independent application service provider. The deal is valued at approximately $300 million in cash and assumed debt, and is expected to close next quarter. USi shareholders include Bain Capital, El Dorado Ventures and Grotech Capital Group.
Signiant Inc., a Burlington, Mass.-based provider of distributed data management solutions, has raised $10 million in third-round funding. North Bridge Venture Partners led the deal, and was joined by return backers Boston Capital Ventures and Vimac Ventures.
TC³ Health Inc., a Costa Mesa, Calif.-based provider of a healthcare claims management solutions, has raised $10 million in Series C funding. JMI Equity led the deal, and was joined by return backer Ticonderoga Capital.
Red 5 Studios Inc., an Aliso Viejo, Calif.-based developer of online multiplayer games, has secured $8.87 million of an $18.47 million Series A round, according to a regulatory filing. Benchmark Capital led the deal, with Benchmark’s Bill Gurley taking a board seat.
Landslide Technologies Inc. (f.k.a. SalesGene), a Pittsburgh-based developer of sales workstyle management software, has raised around $3 million in Series A funding from Osage Ventures and Draper Triangle Ventures.
SiliconSystems Inc., an Aliso Viejo, Calif.-based provider of storage technology, has raised $2 million in strategic Series C funding from Samsung Ventures. Other company shareholders include Miramar Venture Partners, Rustic Canyon Partners, Sandisk Corp. and Shepherd Ventures.
CMWare Inc., a Princeton , N.J.-based provider of PC place-shifting solutions for mobile carriers, has raised an undisclosed amount of Series A funding from Updata Partners.
Entrepreneur Partners has formed Terramar Media, a platform for acquisitions of direct marketing companies selling continuity products and services. Its first acquisition is Taramac, Fla.-based Magazine Services of America. The deal was financed via equity from Entrepreneur Partners principals Salem Shuchman and Bruce Newman, while leverage was provided by CapitalSource. No specific terms were disclosed. NIBC Principal Investments has sponsored a management buyout of BWise Holding BV, a provider of compliance and enterprise risk management software. No financial terms were disclosed. BWise is based in The Netherlands, with a U.S. office in New York.
Time Inc., the magazine division of Time Warner Inc. (NYSE: TWX), said that it will sell 18 titles. The portfolio includes Popular Science, Parenting, Field & Stream and Outdoor Life. The New York Times Co. (NYSE: NYT) has retained Goldman Sachs to advise it on a sale of its broadcast media group, which includes nine television stations. It is expected to report 2006 revenue of around $150 million.
Aspect Software Inc., a Westford, Mass.–based provider of contact center software solutions, has completed a recapitalization. The deal includes a $20 million second-lien term loan from American Capital Strategies and a revolving credit facility and senior term loans from a JPMorgan-led syndicate. Golden Gate Capital and Oak Investment Partners are majority owners of Aspect Software.
ICF International Inc., a Fairfax, Va.-based provider of management, technology and policy consulting serving to the U.S. federal government, has set its proposed IPO terms to 4.67 million common shares being offered at between $14 and $16 per share. It plans to trade on the Nasdaq under ticker symbol ICFI, with UBS and Stifel Nicolaus serving as co-lead underwriters. CM Equity Partners holds an 88.64% pre-IPO position.
Lucent Technologies (NYSE: LU) has agreed to acquire Mobilitec Inc., a San Mateo, Calif.-based provider of content management software for wireless service providers.No pricing terms of the all-cash transaction were disclosed. Mobiltec has raised over $28 million in VC funding since its 2000 inception, from firms like AIG Capital Partners, Mohr, Davidow Ventures, Novak Biddle Venture Partners, Canaan Partners, Duchossois Technology Partners and Lucent Venture Partners.
NexTone Communications Inc., a Gaithersburg, Md.-based provider of session management solutions for VoIP, has raised $25 million in private debt funding from Columbia Partners Private Capital. It previously raised $67.5 million in VC funding from firms like One Equity Partners, BCE Capital, Core Capital, Mid-Atlantic Venture Funds and Safeguard Scientifics. The company has raised $67.5 million in total VC funding since its 1998 inception.
Transforma Acquisition Corp., a New York-based blank check acquisition company focused on the tech, media and telecom market, has filed to raise $150 million via an IPO. It plans to trade on the AMEX under ticker symbol TAQ-U, with Banc of America Securities and CRT Capital Group serving as co-lead underwriters. Transforma management includes president and CEO Larry Lenhart, an executive-in-residence with Mohr, Davidow Ventures who previously served as president and CEO of Requisite Technology, Contivo and CAT Technology. Directors include: Daniel Burstein and Samuel Schwerin, co-founders of Millennium Technology Value Partners; former Apple Computer chief John Sculley and Dale Kutnick, senior VP and director of research at Gartner.
