Travidia (www.travidia.com), a leading developer of online shopping solutions for local media, has been sold to a consortium of eight leading media companies – Advance Digital, A. H. Belo Corporation, Cox Media Group, Gannett Co., Hearst Corporation, MediaNews Group, The McClatchy Company, and The Washington Post Co.  These companies have formed a joint venture in connection with the launch of a common online shopping platform to help advertisers reach consumers making purchasing decisions.

The Retail Equation (“TRE”) (www.theretailequation.com), a leading SaaS platform for retail transaction optimization solutions, has been sold to Norwest Venture Partners (“NVP”) (www.nvp.com), a global venture capital firm celebrating 50 years in the venture industry.  

Sequence Personal (www.sequencepartners.com), an innovative provider of proprietary software that enables readers to select relevant content to be digitally produced as specialized publications, has been sold to R. R.

IgnitionOne (www.ignitionone.com), an international digital marketing technology and solutions company, has acquired AdJug (www.adjug.com), Europe’s leading display advertising exchange for unsold premium inventory.  The two companies will integrate their technologies to provide marketers with a sophisticated solution that simplifies the buying, targeting and measurement of online advertising.

Infogate, Inc., a premium online subscription service, has been sold to America Online, Inc., a wholly owned subsidiary of AOL Time Warner Inc. (NYSE: AOL). The Jordan, Edmiston Group represented Infogate in this transaction.

Information Technology (IT) media company TechTarget has acquired Boston-based Bitpipe, Inc. for $40 million in cash. Bitpipe is the #1 distributor of IT white papers, and, with TechTarget, one of the two fastest growing media companies serving enterprise IT professionals and executives.

Gannett Co., Inc. (NYSE: GCI) has announced the acquisition of the stock of PointRoll, Inc., a leading interactive advertising technology company that provides user-friendly, non-intrusive "mouse over mini-site" Internet technology. This technology enables advertisers to expand their space online and receive more measurable impact from their online advertising campaigns. PointRoll will join Gannett's USA Today division. The Jordan, Edmiston Group represented PointRoll in this transaction.

Bandalong Entertainment, an instant-messaging entertainment company, has secured Series A funding from Baker Capital, a private equity firm that invests primarily in communications equipment, services and applications providers. The Jordan, Edmiston Group, Inc. represented Bandalong Entertainment in this transaction.

AdSpace Networks raised $20 million in a Series D round of financing led by Valence Capital Management with full participation from existing investors, including AIG Global Sports and Entertainment Fund, Doll Capital Management (DCM) and GIC Special Investments. Founded in 1998, AdSpace is the leading full-motion, all-digital advertising network for malls. AdSpace will use the capital to expand its digital mall advertising network into malls across the country.

Gold Standard, Inc., a premier US-based developer of online clinical drug information products, services and solutions to the healthcare market, has been sold to Elsevier, a leading global healthcare and scientific publisher. Housatonic Partners, a private equity firm focused on investments in the business services and media industries, has been the lead investor in Gold Standard since 2003.