Today's Deals: CollegeClub Goes Back to School

Filed under:hznp.com — rose @ December 1, 2008 edit
Intershop + Subotnic GmbH, PayMyBills.com + Paytrust, Student Advantage + CollegeClub.com, Teletech + Newgen Results








 Student Advantage (STAD) acquires CollegeClub.com

 

   *  Amount:         $18 million

 

   *  Terms:            1.5 million shares/$7 million cash

 

   *  Premium:        n/a

 

   *  Industry:        Content/Communities

 

   *  Scorecard:      B-

 


    BOSTON, Aug. 22--Student Advantage, an offline and online portal to the higher education community, and CollegeClub.com, an online integrated communications and media Internet company for college students, have signed a definitive agreement through which Student Advantage will acquire substantially all of the assets of CollegeClub.com. The purchase price consists of $7 million in cash and 1.5 million shares of Student Advantage common stock,, with an additional cash payment of up to $5 million to CollegeClub.com if certain Web site revenue performance goals are met during 2001.

     

 

 Teletech (TTEC) to acquire Newgen Results (NWGN)

 

   *  Amount:         $200 million

 

   *  Terms:            100% stock

 

   *  Premium:        30%

 

   *  Industry:        Performance software

 

   *  Scorecard:      B

 


    DENVER, Aug 22--TeleTech, a global provider of eCommerce-enabling customer management solutions, announced a definitive agreement to acquire Newgen Results Corporation , a B2B channel management application service provider specializing in customer-relationship management and e-CRM for primarily the automotive industry. The Newgen Results acquisition strengthens TeleTech's existing database management capabilities and further enhances its end-to-end eCRM solution with the addition of an enterprise channel management offering. The stock-for-stock exchange is valued at approximately $200 million.

     

 

 PayMyBills.com to merge with Paytrust

 

   *  Amount:         Undisclosed

 

   *  Terms:            100% stock

 

   *  Premium:        n/a

 

   *  Industry:        E-commerce enablers

 

   *  Scorecard:      C+

 


    LAWRENCEVILLE, N.J., Aug 22--Paytrust, an Internet service that lets consumers receive, review, pay and organize all of their bills online, announced a definitive purchase agreement for an all-stock acquisition of privately-held PayMyBills.com, a personal bill management service. The merger unites the two leading companies in the rapidly growing online bill delivery and payment market, creating full "electronification" of the bill payment marketplace. Under the agreement, Paytrust will buy out competitor PayMyBills.com in an all stock transaction expected to take effect within one month. Financial details of the deal were not disclosed.

     

 

 Intershop acquires Subotnic GmbH

 

   *  Amount:         Undisclosed

 

   *  Terms:            n/a

 

   *  Premium:        n/a

 

   *  Industry:        Performance software

 

   *  Scorecard:      n/a

 


    SAN FRANCISCO & BERLIN, Aug 22--Intershop, a provider of electronic commerce applications and software solutions, announced the acquisition of Subotnic GmbH. Berlin-based Subotnic specializes in the development of content management software and solutions designed to integrate with electronic commerce systems. With this acquisition, Intershop significantly expands its product offering by adding Content Integrated Commerce functionality to its flagship enterprise product, enfinity. Terms of the deal were not disclosed.

     

 
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