Below are press releases introducing our quarterly trend reports, closing announcements for transactions led by Berkery Noyes, and notifications of senior staff changes. Our expertise and research is often referenced in the media as well. To view recent articles featuring the firm, visit our In the News section.

Berkery Noyes Releases First Quarter 2012 Media and Marketing Industry Mergers & Acquisitions Report

Apr 5, 2012

Berkery Noyes, an independent mid-market investment bank, today released its First Quarter 2012 Mergers and Acquisitions Trend Report for the Media and Marketing Industry. Transaction volume in the Media and Marketing Industry improved seven percent. In addition, transaction value increased for the second consecutive quarter, representing a 38 percent increase from Q3 2011 and a 10 percent gain in comparison to Q4 2011. The Marketing segment, which saw overall deal activity rise 13 percent, was bolstered by Digital Marketing's 68 percent rise in volume. According to Kathleen Thomas, managing director at Berkery Noyes, "Content delivery is in the midst of a permanent transformation. Marketers have vast opportunities in front of them to reach customers effectively and efficiently and businesses have compelling new models to attract and monetize end users." For example, OwnerIQ's acquisition of DiJiPOP shows demand in the marketplace for solutions that facilitate the conversion of website visitors into paying customers. Targeted advertising and paid product placements that occur in real time are becoming even more popular among retailers, as highlighted by their more frequent use of social media to identify and engage potential consumers. With 99 transactions, Internet Media M&A volume remained constant compared to the previous quarter. Nonetheless, one area of the Internet Media segment – online shopping guides – saw a 43 percent increase in volume. Groupon's acquisition of Adku, The Home Depot's acquisition of Redbeacon, and TaskRabbit's acquisition of SkillSlate all highlight buyer interest in companies that help consumers receive personalized recommendations. These types of customized results, which redirect people intelligently, are often formulated based upon prediction engines, proprietary search algorithms, and location based technologies. Within the Internet Media segment, Groupon was the most active acquirer. Besides its acquisition of Adku, the deal site has completed two other Media and Marketing Industry acquisitions thus far in 2012: UpTake Networks and Hyperpublic. In comparison, Groupon had six information acquisitions for all of 2011, and most of those transactions were focused on the Online and Mobile Industry. With five acquisitions, United Business Media Limited (UBM) led the Exhibitions, Conferences, and Seminar segment to its strongest quarter in the last 15 months. In the Entertainment segment, 18 of the 38 deals for the quarter were either video or online games. "Zynga's acquisition of for $180 million demonstrates the potential for M&A in social gaming, an area that appears poised for growth," said Berkery Noyes managing director Evan Klein." Mobile in particular is one of the fastest growing components of social gaming. Similar to last quarter, 33 percent of video game transactions in Q1 2012 placed into this category.

Berkery Noyes Releases First Quarter 2012 Software Industry Mergers & Acquisitions Report

Apr 3, 2012

Berkery Noyes, an independent mid-market investment bank, today released its First Quarter 2012 Mergers and Acquisitions Trend Report for the Software Industry. Q1 2012 transaction value in the Software Industry increased 10 percent, whereas transaction volume declined 10 percent compared to the previous quarter. Within the niche software classification, which is software designed to be used by specific vertical industries, software targeted to financial firms was one of the most active segments. The largest related deal for the quarter was Vista Equity Partners' announced acquisition of Misys, a provider of banking and financial services software solutions, for $2 billion. Upon deeper inspection, 52 percent of financial software deals in Q1 2012 were related to capital markets. According to Berkery Noyes managing director Peter Ognibene, "Big data is increasing the demands on trading, modeling, executing, and portfolio management." Two niche capital markets software transactions, Envestnet's announced acquisition of Tamarac and SEI Investments' announced acquisition of NorthStar Systems International, pertained directly to wealth management. Cloud computing is continuing to have a significant impact on the enterprise software landscape. Oracle's announced acquisition of Taleo for $1.9 billion was the largest business software transaction in Q1 2012, while Blackbaud's announced acquisition of Convio for $274 million was the tenth largest deal in the Software Industry. Symantec Corporation's announced acquisition of LiveOffice Corporation for $115 million was one of the largest infrastructure software transactions for the quarter. Regarding this segment, transactions with a specific focus on security increased 75 percent over Q4 2011. "As indicated by Safenet's acquisition of Cryptocard, Alert Logic's acquisition of Armorlogic, and TrustWave's announced acquisition of M86 Security this quarter, there is healthy demand for companies offering cloud based and Software-as-a-Service (SaaS) cyber security solutions," said Christopher Young, managing director at Berkery Noyes. M&A relating to security was responsible for 30 percent of infrastructure software deals in the quarter, compared to 15 percent in Q4 2011. Several of these involved mobile security solutions. For instance, Symantec's acquisition of Nukona and Odyssey Software, the company's two other Q1 2012 deals, focus on security for mobile devices. Twitter's January acquisition of Dasient, a cloud based company that helps avert malware attacks, shows the social networking site is committed to securing its user's data. This comes in the aftermath of Twitter's Q4 2011 acquisition on Whisper Systems, a security software startup for mobile platforms. A copy of the Q1 2012 SOFTWARE INDUSTRY M&A TREND REPORT is available at the Berkery Noyes website.

Berkery, Noyes & Co. represents John Wiley & Sons, Inc. in its acquisition of Jossey-Bass from Pearson

May 24, 1999

NEW YORK,  May 24, 1999 -- William J. Pesce, President and Chief Executive Officer of John Wiley & Sons, Inc., announced today that Wiley has signed an agreement to purchase the San-Francisco-based publisher, Jossey-Bass, from Pearson. It is expected that results from this acquisition should be slightly dilutive to earnings in the first year, with a positive contribution to EPS and operating margins thereafter. The acquisition, which is subject to Hart Scott Rodino review, is expected to close within 60 days. The purchase price will approximate $82 million in cash. "Like Wiley, Jossey-Bass has a strong reputation as a publisher of highly regarded professional books and journals. Their publishing programs will solidify our positions in key markets. We look forward, with enthusiasm, to collaborating with the Jossey-Bass team," said Mr. Pesce. "The acquisitions of Jossey-Bass and the higher education titles from Pearson (announced on May 11) are superb opportunities for Wiley to strengthen our market positions and leverage our infrastructure in core business areas," explained Mr. Pesce. "Over the past decade, Wiley has gained market share and improved operating margins consistently. These acquisitions will allow us to continue to deliver quality content to our customers, while increasing shareholder value." Jossey-Bass, which was founded in 1967, is a publisher of books and journals for professionals and executives, primarily in the areas of business, psychology, and education/health management. Jossey-Bass has important publishing relationships with the Peter F. Drucker Foundation, the Center for Creative Leadership, and Booz Allen Hamilton. They published more than 200 titles in 1998. Founded in 1807, John Wiley & Sons, Inc., is an independent, global publisher of print and electronic product, specializing in professional and consumer books and subscription services; textbooks and educational materials for colleges and universities; as well as scientific and technical books and journals. Wiley has publishing, marketing, and distribution centers located in the U.S., Canada, Europe, Asia, and Australia. The company's Class A and Class B shares are listed on the New York Stock Exchange under the symbols JWa and JWb, respectively. Wiley's Internet site can be accessed at