Term Sheet

The latest on private equity, M&A, deals and movements — from Wall Street to Silicon Valley

Mergers & acquisitions

November 16, 2012: 10:09 AM ET

Qualcomm Inc. (Nasdaq: QCOM) has acquired certain assets of EPOS Development Ltd., an Israeli developer of ultrasound technologies for input solutions, including pen, stylus and gesture recognition. No financial terms were disclosed. EPOS backers include Jerusalem Venture Partners, Walden Israel Venture Capital and Tel-Ad. www.qualcomm.com

Cisco Systems (Nasdaq: CSCO) has agreed to acquire Cloupia, a Santa Clara, Calif.-based provider of software that automates converged data center infrastructure. No financial terms were disclosed. www.cisco.com

Reckitt Benckiser Group
(LSE: RB) has offered to acquire Salt Lake City-based nutritional supplement maker Schiff Nutrition International Inc. (NYSE: SHF) for $1.4 billion, or $42 per share. This is a 23.5% premium over Schiff Nutrition's existing agreement to be acquired by Bayer Healthcare. www.schiffnutrition.com

TNT Express, a Dutch delivery group that has agreed to be acquired by UPS, has tentatively agreed to sell its airline operations to ASL Aviation Group. No financial terms were disclosed. www.tnt.com

Sysnet Global Solutions has acquired Panoptic Security Inc., a Salt Lake City–based provider of PCI DSS compliance validation services to small and mid-size merchants. No financial terms were disclosed. Panoptic had raised VC funding from Crescendo Ventures, Kickstart Seed Fund and Ulu Ventures. www.panopticsecurity.com

Sign up for Dan's daily email newsletter on deals and deal-makers: GetTermSheet.com

Posted in:
Join the Conversation
About This Author
Dan Primack
Dan Primack
Senior Editor, Fortune

Dan Primack joined Fortune.com in September 2010 to cover deals and dealmakers, from Wall Street to Sand Hill Road. Previously, Dan was an editor-at-large with Thomson Reuters, where he launched both peHUB.com and the peHUB Wire email service. In a past journalistic life, Dan ran a community paper in Roxbury, Massachusetts. He currently lives just outside of Boston.

Email a Tip | @danprimack | RSS
Current Issue
  • Give the gift of Fortune
  • Get the Fortune app
  • Subscribe
Powered by WordPress.com VIP.