Add-on Acquisition • Internet Software and Services

Ifwe Acquires hi5

On December 14, 2011, Ifwe acquired internet software and services company hi5 from Crosslink Capital

Acquisition Context
  • This is Ifwe’s 1st transaction in the Internet Software and Services sector.
  • This is Ifwe’s 2nd transaction in the United States.
  • This is Ifwe’s 2nd transaction in California.

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M&A Deal Summary

Date December 14, 2011
Target hi5
Sector Internet Software and Services
Buyer(s) Ifwe
Sellers(s) Crosslink Capital
Deal Type Add-on Acquisition

Target Company

hi5

San Francisco, California, United States
hi5 Networks, Inc. operates social network portals for social entertainment and gaming for youth markets in Latin America, Europe, Asia, and Africa. Its portals offer fun, expressive, and interactive entertainment experience to users internationally.
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Buyer Overview 1

Buyer

Ifwe

San Francisco, California, United States

Category Company
Founded 2004
Sector Internet Software and Services
DESCRIPTION

Ifwe, Inc. operates a social networking site in the United States and internationally. The company’s social networking site allows users to create profiles, chat, play games, upload and share videos and photos with friends, and make new friends, as well as share interests, passions, and hobbies.


Deal Context for Buyer #
Overall 2 of 4
Sector: Internet Software and Services 1 of 3
Type: Add-on Acquisition 2 of 4
State: California 2 of 3
Country: United States 2 of 4
Year: 2011 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-08 Topicmarks

San Francisco, California, United States

Topicmarks, Inc., is a natural language processing and machine learning company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-16 Urbantag

San Francisco, California, United States

Urbantag provides online platform share places you love with the people that matter.

Buy -

Seller Profile 1

SELLER

Crosslink Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1989
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Crosslink Capital is a growth-oriented investment firm focused on technology companies. Crosslink's typically invests in early-stage companies, however, the Firm will consider opportunities at every stage, from seed to pre-IPO to PIPE offerings. Sectors of interest include communications/infrastructure services, core technology, semiconductors, internet, and software. Crosslink Capital is based in San Francisco, California.


Deal Context for Seller #
Overall 27 of 62
Sector: Internet Software and Services 6 of 12
Type: Add-on Acquisition 19 of 44
State: California 17 of 44
Country: United States 26 of 61
Year: 2011 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-29 Scripted

San Antonio, Texas, United States

Scripted is a provider of original written content. Scripted provides written content for thousands of customers ranging from small businesses to large enterprises through a carefully curated user-base of specialist writers. Scripted was founded in 2011 and is based in San Antonio, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-16 SiliconBlue Technologies

Santa Clara, California, United States

Silicon Blue is a Custom Mobile Device solutions. The company offers custom solutions for handset applications, including IP, design services and a new class of ultra-low power, single-chip, CMOS SRAM mobile FPGA devices with patented non-volatile configuration memory (NVCM).

Sell $62M