Deals done this past week

11 Jul 2011

An overview of the week in deals in the Irish technology sector.

US medical giant ResMed buys UCD spin-out in all-cash deal

San Diego-headquartered medical device manufacturer ResMed has acquired UCD spin-out BiancaMed in an all-cash deal.

Original investors including DFJ ePlanet Capital and Enterprise Ireland are believed to receive a significant premium on their €11m investment in the company.

The value of the acquisition hasn’t been revealed, but a key result will be greater international distribution of BiancaMed’s contactless sleep monitoring device.

BiancaMed is one of an emerging generation of young Irish medical device companies that are developing breakthrough technologies. It has developed a contactless, accurate device to measure sleep and breathing and combat deaths arising from the sleep disorder sleep apnea.

Applegreen signs €2m renewable energy deal with Energia

Irish forecourt retailer Applegreen has signed a €2m renewable energy deal with Energia.

Under the contract, Energia will supply Applegreen’s network of more than 70 forecourt locations, including its operations at the M4 and M1 motorway service areas, with energy derived from renewable sources.

Included in the terms of the deal will be the use of Energia’s new online multi-site energy management tool. This will allow Applegreen to keep track of its energy consumption and expenditure over a number of locations.

Dublin mobile security firm in three-year deal with Oracle

AdaptiveMobile, a Dublin-based mobile security firm that protects more than 600m mobile subscribers worldwide, has entered into a major three-year software deal with Oracle.

AdaptiveMobile, which is a gold-level partner in the Oracle PartnerNetwork, has embedded Oracle Berkeley DB within its Network Protection Platform, designed to help mobile operators and service providers better protect their subscribers from viruses, spam, malware, fraud and inappropriate content.

Providing the same robust data storage features as traditional, relational database systems, Oracle Berkeley DB will serve as the central platform on which policy information is exchanged within AdaptiveMobile’s Network Protection Platform.

The three-year deal with Oracle will enable AdaptiveMobile to increase revenues for its Network Protection Platform, by enhancing the performance, scalability and resilience of its policy management platform.

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