Comverse Technology (CMVT) to acquire Gaya Software

   *  Amount:         $25 million

   *  Terms:            100% stock

   *  Premium:        n/a

   *  Industry:        Performance software

   *  Scorecard:      B+

WOODBURY, N.Y., June 30--Comverse Technology , the world's leading supplier of software and systems enabling network-based enhanced services, announced that it has signed a definitive agreement to acquire Gaya Software Industries, a privately-held, Lod, Israel-based firm, founded by Yoram Regev, Ofer Corenfeld, and Yotam Raz, specializing in software-based intelligent IP gateways and voice-over-IP (VoIP) technology. Comverse Technology's acquisition of Gaya is expected to be effectuated as a stock-for-stock transaction, valued at approximately $25.1 million.

 

 Equitex (EQTX) to acquire Key/Nova

   *  Amount:         Undisclosed

   *  Terms:            cash and stock

   *  Premium:        n/a

   *  Industry:        Financial services

   *  Scorecard:      C

ENGLEWOOD, Colo., June 30--Equitex, a provider of financial services to customers with poor credit ratings, said it will buy Key/Nova Financial Systems, for an undisclosed amount of cash and stock to further its aims to become an online provider. Key is an Internet-based credit card marketer and customer support service center, processing credit cards marketed through the internet, direct mail, and telemarketing for financial institutions.

 

 BioShield Technologies (BSTI) to acquire AHT (AHTC)

   *  Amount:         $20 million

   *  Terms:            100% stock ($1.75 per share)

   *  Premium:        n/a

   *  Industry:        E-commerce enablers

   *  Scorecard:      C+

ATLANTA ,July 3--BioShield Technologies has entered into an agreement to acquire, through a wholly-owned subsidiary, AHT Corporation, a national provider of Internet-based e-commerce solutions for clinical laboratories, pharmacy benefit managers, pharmacies and physicians. Upon completion of the merger transaction, BioShield will integrate AHT's business-to-business laboratory and prescription transaction management operations with its eMD.com Internet healthcare subsidiary to create one of the industry's leading e-healthcare companies. The transaction is valued at approximately $20 million, based on AHT's current number of outstanding shares of Common Stock.