Divestitures in 2011

DS Waters of America, Inc. acquired substantially all of the Colorado assets of Deep Rock Water Co., assuming management of Deep Rock's bottled water delivery routes and related services. The acquisition expands DS Waters' delivery footprint in Colorado and enhances its coffee service and water-filtration offerings for Deep Rock customers.

Xceedium Inc. acquired the Cloakware Password Authority business from Irdeto, gaining the Password Authority product, associated engineering, support and sales teams, and a perpetual license to Irdeto's white-box cryptographic libraries. The acquisition enabled Xceedium to launch the integrated Xsuite Privileged Access Management solution, combining its GateKeeper access control with Password Authority to expand its privileged access management capabilities for enterprise and government customers.

Kolpin Outdoors Inc. is purchasing the ATV Accessories product line from Cycle Country Accessories Corp. for $9.7 million, with $3.2 million paid at closing, $1 million in near-term installments, and a $5.5 million earn-out over three years. Cycle Country (Spencer, Iowa) is selling only the product line and will continue to manufacture ATV accessories for Kolpin under a manufacturing agreement.

Pivotal Payments completed the acquisition of a merchant portfolio from American National Payments, adding over 2,000 merchants and approximately $300 million in annual bankcard volume. The deal also brings an established ISO sales partner into Pivotal's channel, supporting the company's continued North American expansion of merchant services.