Company Roundup: Heartland, Innodata, Lightower, Vidyo, Noveda
Heartland Payment Systems: Heartland Payment Systems (Princeton) said it is acquiring TouchNet Information Systems, an integrated commerce solutions provider to higher-education institutions. Heartland is paying $375 million for the company and, on a non-GAAP basis, expects the transaction to be slightly accretive in 2014, and to add at least $0.30 per share in 2015, the company said in a release.
In addition, Heartland expects that this transaction will add over $60 million to 2015 net revenue. The transaction is expected to close in the third quarter of 2014, subject to regulatory approvals and customary closing conditions. The company said TouchNet operations will continue to be based in Lenexa, Kansas.
Innodata: Hackensack-based Innodata said it acquired MediaMiser (Ottawa) for $5.38 million (US $).MediaMiser uses proprietary technology to monitor, aggregate, analyze and share content from more than 200,000 sources across social, traditional and digital media to provide detailed analysis reports and daily briefings to its customers, which include several Fortune 500 companies and Canadian government institutions as well as small- and medium-sized businesses.
“We are excited to be welcoming the MediaMiser team to Innodata,” said Jack Abuhoff, Chairman and CEO of Innodata. “MediaMiser has done a great job harnessing the latest technologies to develop a sophisticated and complete solution for turning large amounts of information into actionable knowledge and has succeeded in building multiple relationships of trust with leading brands. We think it is well-positioned to compete in a rapidly expanding market.”
A MediaMiser spokesperson said that the company would be staying in Ottawa.
Lightower: Lightower, the Boxborough, Mass. provider of custom, high-capacity network services, opened a New Jersey office in Woodbridge. The office will support the company’s sales and operations.” Opening this new Lightower office in Woodbridge is a direct reflection of the growing demand and need for high-capacity networking services in this area, as well as the entire state,” Rob Shanahan, CEO said. Earlier this month, the company earned authorized vendor status to the N.J. state government through the Data Communications Network Services T1776 contract.
Vidyo: Hackensack-based Vidyo has been busy both with new funding (discussed here) and new product pushes. At the end of July, Vidyo announced VidyoDesktop Virtual Edition (VE), a video conferencing desktop client designed specifically for virtual desktop infrastructure (VDI) environments. The product has been integrated into the Citrix virtual desktop offerings including Citrix XenDesktop and XenApp.
“Organizations that have chosen to deploy VDI for security and control purposes now have the ability to fully leverage the high-quality experience that Vidyo delivers within that environment,” said Ofer Shapiro, Vidyo CEO and cofounder in a press release.
Noveda: Branchburg-based Noveda Technologies, a leader in cloud-based, real-time energy and water management systems, said it had entered into an agreement with ForceField Energy to cross market. As part of the agreement, both companies will offer an extended and complimentary line of solutions to their respective customers including LED lighting solutions, advanced lighting controls, real-time monitoring and “Savings as a Service,” Noveda said in a release.
