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Inquirer Daily News

Archive: February, 2012

POSTED: Monday, February 27, 2012, 6:00 AM
Filed Under: Technology

LiftDNA Inc., a 29-month-old online advertising technology firm in King of Prussia, has been purchased by a OpenX Technologies Inc., of Los Angeles.

Terms of the transaction between both privately held companies were not disclosed.

Launched in September 2009, LiftDNA helps Web-based publishers maximize revenue from their online advertising inventory -- the display advertising opportunities that have not be sold by a direct sales force.

POSTED: Wednesday, February 15, 2012, 8:27 AM
Filed Under: Financial Services

It's a green light for a big banking acquisition.

The Federal Reserve approved Capital One's $8.9 billion purchase of ING Direct, the online banking business based in Wilmington.

The combination of credit-card giant Capital One, with $127B in deposits, with ING Direct with $82B in deposits will create the nation's fifth-largest bank by deposits. (Trivia note of the day: The total amount of insured deposits in the U.S. was $8.9 trillion as of Sept. 30.)

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Mike Armstrong blogs about Philadelphia corporations and business-related topics. Contact him at 215-854-2980. Reach Mike at marmstrong@phillynews.com.

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