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M&A

By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
Down Arrow Button Icon
December 6, 2011, 3:07 PM ET

First American Financial (NYSE: FAF) has abandoned previously-announced plans to acquire real estate data provider CoreLogic (NYSE: CLGX), in which it currently holds a 9% stake. No explanation was provided. www.corelogic.com

Progress Software Corp. (Nasdaq: PRGS) has completed its acquisition of Corticon Technologies Inc., a Redwood City, Calif.-based provider of business rules management solutions. No financial terms were disclosed. www.corticon.com

Standard Chartered has agreed to acquire more than half of Barclays’ Indian credit card portfolio, according to Reuters. No financial terms were reported, except that the purchase would be at a discount to the position’s book value. www.barclays.com

Glam Media, an online publisher and ad network, has completed its previously-announced acquisition ofNing, a Palo Alto, Calif.-based custom developer of social websites. The deal is valued at around $150 million, with Ning founder Marc Andreessen joining the Glam board of directors. Glam has raised around $170 million in VC funding, from firms like Accel Partners, DFJ, WaldenVC, Information Capital, DAG Ventures, Hubert Burda Mediaand Mizuho Venture Capital. Ning had raised around $120 million, from Andreessen, Legg Mason, Lightspeed Venture Partners, Allen & Co. and Reid Hoffman. www.ning.com

IBM has agreed to acquire Curam Software, a Herndon, Va.–based provider of social enterprise management software solutions. No financial terms were disclosed. Curam backers include Fidelity Growth Partners Europe. www.ibm.com

Siemens Industry Inc. (NYSE: SI) has agreed to acquire eMeter Inc., a San Mateo, Calif.-based provider of smart grid management software. No financial terms were disclosed. EMeter has raised over $44.5 million from firms like Sequoia Capital and Foundation Capital. www.emeter.com

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