Private equity firm Veronis Suhler Stevenson announced a majority investment in on-line job board, Vault.com. Vault.com which was growing 30% to 50% a year has revenues reported to be around $9.6 million and is valued at $60 to $85 million.
NameMedia, a leader in developing premium online communities, announced today the acquisition of Photo.net, a community site for photography enthusiasts with more than 600,000 registered users. Photo.net, an online community for photographers to connect and discuss photography, explore galleries, share photographs, and learn more about the art of photography, was founded in 1993 as Philip Greenspun’s personal home… Read More »
DevStart, Inc. (devstart.com), an Internet media company serving the web development and promotion markets, has acquired IdeaCafe.com (www.ideacafe.com), an online small business portal. Idea Café provides a range of free services, articles and other information aimed at helping small businesses get started and succeed. That includes everything from how to start a business and obtain financing, to tips… Read More »
The HowStuffWorks website was sold to Discovery Communications for $250 million. HowStuffWorks.com leverages the exclusive digital rights to over 30,000 books, 800,000 images and more than 180,000 maps and receives around 11 million monthly visitors.
Gifts.com, a site providing gift ideas and owned by IAC announced the acquisition of GiveFun.com, an online gift certificate provider.
Google acquired Jaiku.com for an undisclosed amount. Jaiku is a micro-blogging websites that has been a part of the recent Web 2.0 revolution. Jaiku’s site is an activity stream and presence sharing service that works from the Web and mobile phones.
