Capital Markets: Google invests, mergers announced, quarterly results

Google Inc. and Global IP Solutions Holding AB entered a transaction agreement that calls for Google Acquisition Holdings Inc. to make a voluntary public cash offer to acquire all the shares of GIPS for a total of $68.2 million. GIPS provides voice and video processing in IP communications.
Veraz Networks and Dialogic Corp. said they have entered a definitive agreement to merge. Dialogic provides interactive mobile video services and applications. Veraz provides bandwidth optimization and next-generation switching products. The new company will operate under the Dialogic name. Terms of the agreement call for Veraz to issue its common shares to Dialogic shareholders such that Dialogic shareholders will own 70% of the company while Veraz shareholders will own 30%. Veraz also reported first-quarter results, including revenues of $16.1 million, down 23% from revenues of $21 million during the corresponding period last year. Net loss was $5.2 million, or 12 cents per share, compared with net loss of $3 million, or 7 cents per share, during the first quarter last year.
Celluphone said it has acquired rights to Mobile Line Communications’ master agent and activation business. The deal combines two of the largest wireless distribution networks in California.
BlackBerry Partners Fund led a $10 million investment round into U.K.-based software company Aepona. The company’s existing investors, including Amadeus Capital Partners, Polaris Ventures, Innovacom, Nordic Venture Partners and Sutter Hill Ventures, also participated in the financing round. Aepona said it will use the funding to accelerate its commercial growth.
NextWave Wireless Inc. reported a net loss of $3.4 million for the first quarter, an improvement from a net loss of $82.2 million reported during the first quarter of last year. Revenues for the quarter were $17.9 million, up slightly from revenues of $16.9 million during the corresponding period last year.
Immersion Corp. said its first-quarter revenues were $9.7 million, up 29% from revenues of $7.5 million during the first quarter last year. Net loss for the quarter was $2.7 million, or 9 cents per share, compared with a net loss of $6.1 million, or 22 cents per share, during the same period last year.