MERGERS AND ACQUISITIONS Lecere Corp., a Rochester-based provider of integrated resource management software for the hospitality industry, has completed its merger/acquisition with Full Circle Image Inc. James Morris entered into a merger agreement, which called for Full Circle Image Inc. to acquire software intellectual property owned by Morris, which signed it over to Full Circle Image Inc., which then changed its name to Lecere Corp. The company's new ticker symbol on the Pink Sheets is LCRE.
NEW PRODUCTS St. Jude Medical Inc., Little Canada, announced U.S. Food and Drug Administration approval of the newest version of the Merlin.net Patient Care Network, a secure, Internet-based remote care system for patients with implanted medical devices. This remote care system gathers and stores data from the implant procedure, in clinic follow-up visits or from both patient-initiated and automatic remote follow-up and monitoring transmissions.
NEW BUSINESS Ecolab Inc., St. Paul, has partnered with Veltek Associates Inc., a provider of products used to address the control of particulate and microbial contamination in pharmaceutical and biotechnology operations. Ecolab's Healthcare business will market Veltek's infection control portfolio to hospital pharmaceutical labs.
Avalon Oil & Gas Inc., Minneapolis, has increased its working interests in the five-well East Chandler Field, Lincoln County, Okla. Avalon has increased its working interest in the Grace wells as follows: in the Grace .1 to 42.125 percent; in the Grace . 2 to 30.5 percent; in the Grace .3 to 39 percent, in the Grace .5A to 40 percent, and in the Grace .6 to 34 percent.
DEBT AND EQUITIES Pentair Inc., Golden Valley, is calling for redemption of all of its outstanding 7.85 percent senior notes due Oct. 15, There are $133.9 million in principal amount of the notes outstanding. The notes will be redeemed April 15.
PERSONNEL HickoryTech Corp., Mankato, has named Diane Dewbrey to its board of directors, Dewbrey will fill the independent board position vacated Dec. 31, 2008, by James Holdredge and will complete the remainder of Holdredge's term, which expires in 2010. Dewbrey is chief executive officer and director of Foundation Bank, a commercial bank chartered in Washington state.
Fair Isaac Corp., Minneapolis, has named Thomas Bradley executive vice president and chief financial officer, effective April 6. Bradley replaces Charles Osborne, who is retiring.
