SLIDESHOW

ACG New York Women of Leadership - Entrepreneur Series
Barbara Bradley Baekgaard, founder of Vera Bradley (Nasdaq: VRA), is the latest in a series of entrepreneurs highlighted at ACG New York Women of Leadership events. Photo credit: Robert Blumenfeld

Watercooler

GTCR, Hormel, the Riverside Co-CEOs and Others Win M&A Mid-Market Awards
Amid a slow and challenging year for dealmaking, the winners of Mergers & Acquisitions’ 7th Annual M&A Mid-Market Awards outpaced the competition to grow, innovate and lead the middle market

Dealmakers

The Buyside:
Disney, Warner Bros. Seek Next-Gen YouTubes

Traditional Hollywood studios such as Disney and Warner Bros. are seeking next-generation YouTube content providers

The Buyside

Activist Investors Dig Into Mid Market
Spurred on by the high-profile success of Carl Icahn and others, a growing crop of firms is looking further downstream

Today's Transactions:
Perion Network Picks Up SweetIM

The $40M deal for the Israeli Internet company wraps up an auction process, in which Babylon Ltd. also placed a bid

Tel Aviv-based Perion Network Ltd. (Nasdaq:PERI) agreed to purchase SweetIM Technologies Ltd., an Israeli Internet company, for $41 million.

SweetIM, which does business as SweetPacks, provides downloadable applications and other content. The Ra'anana Israel-based target had been on the auction block, with Perion reportedly competing with Babylon Ltd. (TASE:BBYL), a rival software firm. SweetIM's CEO Nadav Goshen once served as vice president of Yehuda, Israel-based Babylon.

SweetPacks generated $29.7 million in revenue over a 12-month period, as of Sept. 30, an 89 percent spike from 2011 revenues of $15.7 million. The company also reported $9 million in Ebitda, 50 percent more than what it accumulated in 2011.

 

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