Term Sheet

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

Mergers & acquisitions

April 24, 2013: 9:59 AM ET

Google Inc. (Nasdaq: GOOG) has acquired Wavii, a Seattle-based news summarization app, for a reported $30 million in cash. Wavii backers included Battery Ventures, Felicis Ventures and Kapor Capital. www.wavii.com

LX Ventures (TSX: LXV) has agreed to acquire Mobio Technologies, a Vancouver-based developer of mobile commerce and mobile marketing applications. Sellers include Rho Canada Ventures. No financial terms were disclosed. www.mobioid.com

MuleSoft, a San Francisco-based integration platform for integration platform for connecting SaaS and enterprise apps, has acquired ProgrammableWeb, a Seattle–based community of API developers and consumers. No financial terms were disclosed. MuleSoft has raised around $80 million in VC funding form New Enterprise Associates, Salesforce.com, Hummer Winblad Venture Partners, Morgenthaler Ventures, Lightspeed Venture Partners, SAP Ventures and Bay Partners.www.mulesoft.com

Synechron, a Piscataway, N.J.-based provider of IT solutions to the financial markets, has agreed to acquire Double Effect, a management consultancy with offices in Amsterdam & Singapore. No financial terms were disclosed. www.synechron.com

TeraXion, a Quebec–based provider of optical components and modules, has acquired the Canadian subsidiary of Boulder, Colo.-based COGO Optronics. No financial terms were disclosed. TeraXion shareholders include Caisse de Depot et Placement du Quebec, Fonaction, Fonds de solidarité FTQ and Accès Capital Québec. COGO Optronics backers include Alara Capital and Saturn Partners, and the company was advised on the disposition by Woodside Capital Partners International.www.teraxion.com

Welsh, Carson, Anderson & Stowe has hired Barclays and Deutsche Bank to find a buyer for Triple Point Technology, a Westport, Conn.–based provider of cloud and on-premise commodity management software, according to peHUB. Triple Point was acquired for around $500 million in late 2011 by WCAS, alongside ABRY Partners and JMI Equity. www.tpt.com

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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.

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