Digital River, Inc. (NASDAQ: DRIV), a global leader in e-commerce outsourcing, today announced that it signed a definitive agreement to acquire privately-held element 5 AG. Under the terms of the agreement, Digital River paid $120 million in cash.
Cygnus, Inc. (OTC Bulletin Board: CYGN) announced today that it retired all of its outstanding Convertible Debentures and associated warrants pursuant to an exchange agreement with the debenture holders whereby such holders exchanged their Convertible Debentures for an aggregate of $13.75 million in cash and 2.5 million shares of the Company’s common stock.
Customer strategy and solutions consultancy Inforte Corp. (NASDAQ: INFT), today announced that it has entered into a definitive merger agreement to acquire COMPENDIT, Inc., a leading provider of SAP Business Intelligence implementation consulting services.
Parthenon Capital, a leading middle-market private equity firm, announced today that it has led a $167 million recapitalization of Diversified Collection Services, Inc. ("DCS") of Livermore, California. DCS is a leading private collection agency for government obligations, such as delinquent student loans and taxes.