Acquisitions in New York in 2012

Navigant Consulting, Inc. has acquired Easton Associates, LLC, a New York–based life sciences strategy and advisory firm. 7 Mile Advisors served as exclusive sell-side advisor to Easton, with Equiteq providing strategic preparation; financial terms were not disclosed.

Singapore Telecommunications Limited (Singtel) has acquired Pixable Inc., a social photo aggregation and intelligence startup, for US$26.5 million. Singtel said it will integrate Pixable’s predictive analytics and machine-learning photo-sorting technology into its digital offerings to provide enhanced photo services to its mobile customers across Asia and Africa.

Vuzix Corporation sold its Tactical Display Group (TDG) assets to TDG Acquisition Company, LLC for $8.5 million in cash plus a potential $2.5 million earn-out. Approximately 35% of Vuzix’s manufacturing, engineering and sales personnel transferred to the buyer (to be based in the Rochester area), enabling Vuzix to focus on its consumer and commercial video eyewear business and to use proceeds to reduce indebtedness.

Inuvo, Inc. completed a stock-for-stock merger with Vertro, Inc. effective March 1, 2012, making Vertro a wholly owned subsidiary of Inuvo. The deal combines Vertro's ALOT product portfolio and online advertising/search capabilities with Inuvo's marketing technology and publisher network to expand product offerings and realize cost synergies.