Digital Cyclone, Inc. (www.digitalcyclone.com) is a Minneapolis, Minnesota-based developer and marketer of location-based services (“LBS”) for wireless devices. Digital Cyclone is a pioneer in the emerging LBS market, offering innovative wireless weather applications for consumers, businesses, outdoor enthusiasts and pilots. Digital Cyclone’s offering of real-time, location-specific weather applications includes the company’s flagship My-Cast® 5 weather application for consumers and businesses, Pilot My-Cast® aviation weather information system, and ESPN Fishin’ Forecast, which tailors weather content for anglers and outdoor enthusiasts. Digital Cyclone’s products are sold to customers in partnership with the leading national and regional wireless carriers, including Cingular Wireless, Verizon Wireless, Sprint PCS and Nextel, among others. The company was co-founded in 1998 by Paul Douglas (Chief Meteorologist at CBS affiliate WCCO-TV in Minneapolis) and Craig Burfeind, veteran software developer and meteorologist.
Digital Cyclone participates in the rapidly growing $1.0 billion international mobile LBS market, which encompasses a broad range of services for consumers and businesses, including navigation, resource tracking, proximity matching and public safety. By 2010, global sales of mobile LBS services are expected to reach $8.5 billion, representing average annual growth in excess of 70%.
Prestwick Partners initiated this transaction and acted as the exclusive financial advisor to Digital Cyclone and its shareholders. Prestwick Partners designed an M&A process, prepared marketing materials, evaluated acquisition proposals and negotiated the transaction with Garmin Ltd. Digital Cyclone was acquired by Garmin Ltd. for $45 million in cash at closing.