Connie Loizos
It's easy to argue that Linkedin’s valuation has grown too rich. Indeed, to keep the love coming from Wall Street, many insiders think the company needs to sew up a big deal, and fast.
Gearbox Holdings, an Indianapolis-based producer of transmission, wet-wheel braking and steering components, has brought aboard David Coolidge as CEO. Coolidge was previously an EVP at Bosch Group. Gearbox is owned by Monomoy Capital Partners, a New York-based private equity firm.
Intermedia, a Mountain View, Calif.-based cloud services company, has acquired Telanetix, a company that specializes in hosted voice services. The aggregate price Intermedia is paying for the deal is approximately $55 million.
L-com, a maker of wired and wireless connectivity products that's based in North Andover, Mass., has acquired MilesTek, a Denton, Tex.-company that makes network connectivity products for military and commercial end markets. Terms of the deal were not disclosed. L-com is a portfolio company of the private equity firm Odyssey Investment Partners.
Life Technologies, a publicly traded, Carlsbad, Calif.-based biotech company, has acquired BAC BV, a privately held company in the Netherlands that develops and manufactures protein purification products. Terms of the deal were not disclosed.
Condusiv Technologies, a Burbank, Calif.-based software optimization company, has named Brian Olson as its CTO. Olson most recently served as a manager at EMC, where he helped drive adoption of the EMC Atmos cloud storage platform.
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Lexington, Ky.-based Lexmark, the printing and imaging products company, has acquired Acuo Technologies, maker of software and services for clinical content management, data migration and vendor neutral archives (VNA) for approximately $45 million in cash.
Quad/Graphics, a Sussex, Wisconsin-based commercial printing comapany, has completed its acquisition of Vertis Holdings for $170 million. Vertis, a maker of advertising inserts, agreed last October to sell itself to Quad/Graphics as part of a court-supervised auction, after Vertis declared bankruptcy for the third time. The combined company will employ approximately 25,000 employees from more than 70 print-production facilities in North America, Latin America and Europe.
The Chicago-based firm Babson Capital provided senior debt to support Harbour Group's investment in Onicon, it announced today. Onicon, of Clearwater, Fla., makes energy measurement systems and flow-metering devices. Harbour Group is an operating company in St. Louis, Missouri.