Vocus Communications (ASX: VOC) has entered a binding agreement to acquire New Zealand-based data centre and Cloud provider, Maxnet, for a sum of $A7.3 million (NZ$9.5 million)

Internet search and advertising giant Google paid around $US125 million ($A118.3 million) for restaurant review guide Zagat, The Wall Street Journal says.

Fixed WiMax operator BigAir (ASX:BGL) reported near-flat profit for FY11, as acquisition and restructuring costs balanced out strong gains in underlying ebitda.

Mobile marketing and content company, Motopia (ASX:MOT), has arranged to acquire a sports mobile apps developer in an all-stock deal worth $1 million.

Australian IT services company, SMS Managament & Technology, is in due diligence with two potential acquisition targets as it looks to continue to add companies to its growing base.