Home Archives December 2007 Deal Watch: Merger makes a mapping empire

Deal Watch: Merger makes a mapping empire

| Print |  Email
Saturday, December 01, 2007
Platial1207.jpg

PORTLAND-BASED Platial calls itself the “People’s Atlas.” It’s a free online resource that allows users to map anything, from their travels to their romances. Started two years ago, its mission is nothing less than to “connect people, neighborhoods and nations around the world.”

Frappr, based in San Francisco,  also launched two years ago and was Platial’s competition. Frappr, an online social map community and widget network, has millions of communities such as Gamers with Jobs and Harley Riders.

So it would seem inevitable that Platial would buy Frappr, which it did in mid-October for an undisclosed amount; the deal included Frappr co-founder Kun Gao. The merger creates a dominant social mapping site, with a combined 15 million unique users per month, and 100 million geo-tagged items (location-based information points such as photos, stories or people).

Platial CEO and co-founder Di-Ann Eisnor says it’s a merger of Frappr’s ability to map “who’s nearby” with Platial’s mapping of “what’s nearby,” and it creates a powerfully complete social networking ability.

Eisnor says the appeal of mapping is age-old. “I want to see what is going on nearby. And now it is easy to access the information to do that. At this moment, we are the leaders in social mapping and we plan to continue,” she says.

The company estimates that Platial-Frappr represents 25% of all distributed map widgets on the Internet. And perhaps to quiet the blogosphere chatter about whether Google might one day gobble up Platial, a press release quotes none other than the director of Google Earth and Maps himself, John Hanke: “Platial continues to innovate to serve the needs of this growing community of mapping enthusiasts.”  
Beware the temptation to map your workday.                         

ROBIN DOUSSARD

MERGERS AND ACQUISITIONS
ANNOUNCED EXP. CLOSE BUYER/PARENT (HQ) SELLER (HQ) / PARENT PRICE (TERMS)
2-Oct Q4 ‘07 NuView Systems (MA) Cort Software (Bend) ND





5-Oct Q2 ‘08 Schmitt Industries (Portland) Xtero Datacom (Canada) $1.46m (stock+earnouts)





8-Oct Q4 ‘07 NLight Corp. (WA) Liekki Corp. (Finland) ND (stock+cash)





9-Oct Q4 ‘07 Fatburger Corp./ Fog Cutter Capital (Portland) J&R Enterprises, JGT Enterprises (PA) ND





15-Oct 4Q ‘07 Danaher Corporation (DC) Tektronix (Beaverton) $2.8b (cash)





16-Oct 4Q ‘07 OnScreen Technologies (Portland) proprietary rights to WayFast power, comm. technology (CA)/ CH Capital ND





17-Oct 4Q ‘07 Echo Global Logistics (Chicago) BestWay Solutions LLC (WA) ND





18-Oct 4Q ‘07 Platial (Portland) Frappr (CA) ND





19-Oct 4Q ‘07 Star Buffet (AZ) JJ North’s Grand Buffet (Grants Pass) ND





23-Oct ND NIKE (Beaverton) Umbro plc (UK) $582m





25-Oct Q4 ‘07 FLIR Systems (Portland) Extech Instruments Corporation (MA) $40m (cash)


REAL ESTATE TRANSACTIONS
ANNOUNCED BUYER/PARENT (HQ) REAL ESTATE (LOCATION) / SELLER (HQ) PRICE
2-Oct Nearside retail bldg. (Portland) / 23rd & Kearney St. $2.65m




2-Oct Unico/(WA) Commonwealth Building (Portland) / Weston $27.7m




10-Oct Beardsley Building Development 3 office bldgs. (Portland) / Spring Capital Group $18m




17-Oct JBJ Holdings II office building (Portland) / SF Schnitzer Investment Corp. $5.25m




17-Oct State Investments & Deer Valley Professional Center Tyco Building (Salem) / Tyco Electronics Corp. $4.2m




29-Oct ScanlanKemperBard Cos. (Portland) Pacific Park Plaza (Hawaii) / Trans Pacific Dev. Co. $85m


CAPITAL RAISING
ANNOUNCED COMPANY (HQ) / LEADERSHIP INVESTOR PRICE (TERMS)
28-Sep Virogenomics (Tigard)/ Jeff King, COO National Institute of Standards and Technology (MD) $1.9m (research grant)




15-Oct University of Oregon (Eugene)/ Dave Frohnmayer, president Lorry I. Lokey, founder, BizWire (CA) $74.5m (donation)




16-Oct AVI BioPharma (Corvallis)/ Alan Timmins, president & COO Charley’s Fund (MA) $2.45m (research grant)




18-Oct Lundquist College of Business (Portland)/ Jim Bean, dean private donors** $2.5m (donation)




18-Oct Climax Portable Machine Tools (Newberg)/ Geoff Gilmore, CEO State ECDD (Portland) $5m (conduit revenue bonds)




19-Oct Oregon Public Broadcasting (Portland)/ Steven Bass, CEO Harold & Arlene Schnitzer Care Foundation (Portland) $1.5m (challenge grant)




30-Oct Freeman Mnfg. (Newberg)/ Steve Freeman, owner State ECDD (Portland) $1.6m (conduit revenue bonds)

** Robert Jesenik, CEO, Aequitas Capital Management (Lake Oswego); Chuck Lillis, co-founder and principal, LoneTree Partners; Eli Morgan, CEO, 2030 Investors LLC (Portland); James Rippey, retired president, Columbia Management Group; Ron Sauer, founder, chairman, Mazama Capital Management; Eric Sorenson, CEO, PanAgora Asset Management (Boston)

List researched by Mark Druskoff


Have an opinion? E-mail This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 

More Articles

Podcast: Testing for Emotional Intelligence with John Hersey

Contributed Blogs
Friday, September 19, 2014
ivbU3sIXBY TOM COX | OB BLOGGER

How can you tell if you, a peer, a subordinate or a job candidate has the emotional intelligence needed to do well?


Read more...

Gone Fishing

October 2014
Thursday, September 25, 2014
BY LORI TOBIAS

Business has been good to Laura Anderson, leading some to suggest she must be awfully lucky to find such success in a business notorious for failure. But luck’s had little to do with it.


Read more...

The Alchemist

September 2014
Tuesday, August 26, 2014
BY LINDA BAKER

David Howitt explains why Portland consumer brands like Stumptown and Voodoo Doughnuts are taking the world by storm.


Read more...

How to add positivity to your team

Contributed Blogs
Friday, September 12, 2014
happy-seo-orlando-clientsBY TOM COX | OB BLOGGER

I often talk about what leaders can do. What about followers? If you’re a team member and you’d like to add positivity to your team, what might you do?


Read more...

Is this employee right?

Contributed Blogs
Wednesday, August 13, 2014
081314 thumb employeefeelingsBY TOM COX | OB BLOGGER

When I say, “Your Employee is Always Right,” I do not mean “right about the facts,” but rather “right about how they feel” and “right about how they want to be led.”


Read more...

Buyer's Remorse

September 2014
Tuesday, August 26, 2014

Parents and students paying for college today are like homeowners who bought a house just before the housing bubble burst.


Read more...

True Blood

October 2014
Thursday, September 25, 2014
BY JOE ROJAS-BURKE

Antibiotics really aren’t magic bullets.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS