Daily Deal Activity 08/14/15

Acquisitions:

New Horizons Worldwide (OTCPK:NWRZ), which operates as an IT training company, was acquired for $56 million by Camden Partners. Under the terms of the agreement, Camden Partners, together with an investor group, will acquire all the outstanding common shares of New Horizons for $2.17 per share, all the Series B preferred stock for $52.84 per share, and Series C preferred stock for $67.27 per share. The company’s training centers, franchised and corporate owned, provide application software, technical certification, and business skills training.

InfoNow (dba Channelinsight), has sold its local search marketing business to LocationInsight, which raised $5 million from United Communications Group to complete the deal. Valuation was not disclosed. InfoNow has raised more than $20 million, including a $10 million Series C round last year, and will focus on its Channelinsight software, which helps technology manufacturers manage their sales channels.

Twitter has acquired the technology and people behind Clutch.io, a startup that helps mobile-application developers run consumer tests of their software. The company’s backend tools allow app developers to show slight variations of the app to different people. Such A/B testing is common on the Web but is tougher to do with apps that have to be vetted through online stores such as Apple’s. Terms were not disclosed.

Smart Future Ventures Canada has sold its direct response mobile marketing technology assets to Security First International Holdings (OTCPK:SCFR), to form “As Seen on Android.” The acquisition assists the company with the execution of its strategic goal of providing shopping solutions to the Android market. Terms were not disclosed.

FNUKY, a 6-employee digital advertising specialist, was acquired by THEM Advertising & Digital, a full service advertising and communications agency. This marks the fourth acquisition over the last twelve months for THEM Advertising & Digital. The acquisition increases THEM’s staff to 35, and its expected billings for 2013 to more than $20 million.

Mollom, a provider of content monitoring solutions for user-generated content, was acquired by Acquia, which offers an enterprise guide to Drupal. No financial terms were disclosed. Acquia has raised over $38 million in funding from O’Reilly AlphaTech Ventures, North Bridge Venture Partners, Sigma Partners, and Tenaya Capital.

Retail management software company CORESense, which offers its hosted solutions to multi-channel retailers and direct to consumer manufacturers, was acquired by Constellation Software (TSX:CSU) subsidiary Friedman, which also develops ERP planning software for manufacturers and distributors of make-to-order and engineer-to-order products. COREsense’s ERP solution supports a broad range of specialty retailers including fashion and apparel, aftermarket automotive parts, and sporting goods. Terms were not disclosed.

Canada-based FabFind.com, a Website offering local deals for a variety of businesses in and around Toronto, was acquired by Canada-based eCommerce retailer TeamBuy.ca. Initially a Groupon-style group shopping service, TeamBuy later expanded its eCommerce offering to include flash sales. The purchase of FabFind will allow the retailer to further extend its reach in the lifestyle category. Terms were not disclosed.

Customer experience and brand engagement solutions company Ant’s Eye View, was acquired by auditing and accounting services firm PricewaterhouseCoopers. The company provides its solutions through internal collaboration, social media, community building and management, and influencer strategy development services that define companies’ social business strategies. Financial terms of the deal, which is scheduled to close in September 2012, were not disclosed.

Pharmadeals, which provides online information on pharmaceutical related business transactions, licensing, and mergers and acquisition, was acquired by IMS Health, from PharmaVentures. The deal will complement IMS’s portfolio of intelligence capabilities and will extend its business analytics and insights. Terms were not disclosed.

MS Health, which offers cloud based software solutions for behavioral healthcare, mental health, and social services providers nationwide, was acquired by Epazz, a cloud based business software solutions company. MS Health unaudited revenue for 2011 was over $0.45 million.

Vortex Connect, a provider of mobile workforce management solutions that strengthen business-to-employee communications and operations, was acquired by RedPrairie, a global supply chain and retail technology provider. According to RedPrairie, the combination of its enterprise workforce management solution and Vortex’s mobility platform creates the industry’s first single provider of mobile-enabled solutions that manage the workforce across operational disciplines including stores, warehouses, and distribution centers. Terms were not disclosed.

HBP, a mid-Atlantic integrated communications company offering print, multichannel marketing services and a customized fulfillment operation services, has announced the purchase of certain assets of Whitmore Print and Imaging. Terms were not disclosed.

Investments:

Visible Measures, a provider of online video and advertising analytics, raised $21.5 million in Series E funding led by DAG Ventures, with participation from Commonfund and return backers Advance Publications, General Catalyst Partners, Mohr Davidow Ventures, and Northgate Capital. The company previously raised approximately $42 million.

RichRelevance, which offers technology allowing eCommerce sites to track user behavior and provide more personalized shopping experiences and better recommendations to their customers, raised $8 million in funding from RTP Ventures, Shea Ventures, Gray Ventures, and existing investor Tugboat Ventures. The infusion adds to the $20 million the company raised in May in a round led by Crosslink Capital.

China-based App Annie, which provides a free app analytics platform enabling users to track their downloads, sales, and reviews, raised $6 million in Series B funding led by Greycroft Partners, with participation from e.ventures, Infinity Venture Partners, Kii Capital, and previous investor IDG Capital Partners. App Annie, which competes with Distimo and appFigures, is a spin-out of Beijing-based software consultancy Exoweb.

Par Stream, a big data analysis technology company that uses in-memory and massive parallel processing to do real-time analysis, raised $5.6 million in Series A funding led by Khosla Ventures, with Baker Capital, Crunch Fund, Data Collective, Tola Capital, and private individuals participating in the round. ParStream, which was founded in 2008, was previously Germany-based but now keeps offices in Cologne and Palo Alto.

Ask Ziggy, which offers a Siri for Windows phones, raised $5 million in funding from undisclosed strategic investors. Ask Ziggy plans to expand beyond Windows Phone with the financing, with hopes to launch on all Android, Apple, and Microsoft devices by the third quarter of 2012.

LocationInsight, a provider of local search marketing solutions, raised $5 million from United Communications Group to help finance a management buyout from InfoNow (OTC BB: INOW).

Spacecurve, a developer of an analytical database technology enabling customers to store and analyze large spatial and graph datasets, raised $3.5 million in Series A funding led by Triage Ventures, giving the company a $7.5 million pre-money valuation. Prior to this round, the company had raised nearly $3 million in funding.

OrderAhead, which offers an iPhone app allowing users to order takeout from local merchants, raised $2.3 million in seed funding from a group of investors that include Matrix Partners, Menlo Ventures, Ignition Partners, Y Combinator, YC Partners, CrunchFund, SV Angel, Innovation Endeavors, and Bay Area crepe chain, Crepevine.

Educreations, which offers a digital video platform for online learning, raised $2.2 million in seed funding led by Accel Partners, with participation from NewSchools Venture Fund and individual investors. The funds will be used to hire a larger team tasked with continuing to build out a mobile app that allows teachers to transform iPads into recordable, interactive whiteboards, and create video lessons.

MyHealthTeams, a developer of social networks for people with chronic health conditions, raised $1.75 million in seed funding led by Adams Street Partners, and was joined by 500 Startups and individual angels. The company has also launched its iOS app, which offers features such as the sharing of posts, local provider referrals and tips, as well as the ability to ask questions to the community and post pictures.

U.K.-based Duedil, which offers company information, key financials, legal dealings, reviews, and ratings regarding companies and professionals, raised more than $1.5 million in funding from Passion Capital Investments.

CakeStyle, a startup that delivers stylist-curated shipments of women’s fashion, raised $1 million in seed funding from Sandbox Industries. CakeStyle, which is based in Chicago, offers a consultation with a stylist by phone or online video and then ships a box of clothing and accessory selections based on personal style and preference.

Quilt, which operates a real-time mobile scrapbook app, raised $0.5 million in seed funding from a number of private investors. The company’s collaborative platform is meant to be complementary to existing social networks such as Facebook and Twitter.

Mobile gaming company SkyVu Entertainment, raised an undisclosed amount of funding led by Lightbank, with Nextview Ventures, Great Oaks Venture Capital, Michael Chang (former CEO of Greystripe), and the Nebraska Angels also participating. This marks SkyVu’s first round of institutional investment and Lightbank’s first investment in mobile gaming.

HealthLoop, a company that helps physicians track patient health, raised an undisclosed amount of seed funding from Founders Fund, TomorrowVentures, Altos Health Management, Kapor Capital, Physic Ventures, and individual angels. The deal was first reported by VentureWire, which reports that a $5 million to $10 million Series A round may soon follow.

Brazil-based E-Like, a software company providing a virtual store and shopping service for Facebook, raised an undisclosed amount of funding from Intel Capital. E-Like’s service enables each store to be managed independently, and each retailer to have control of inventory, promotions and the items shown in the store. The service has more than 10 virtual stores in operation and an installed base of more than 70,000 users. The company has plans to expand to about 50 brands in the next 12 months.

Other:

Google (NasdaqGS:GOOG) will pay approximately $23 million for the Frommer’s brand of travel guides, according to a person close to the deal. The companies declined to comment on the purchase price.

The acquisition of communications software company Comverse Technology (NasdaqGS:CMVT) by its subsidiary Verint Systems (NasdaqGS:VRNT), was for a reported $780.7 million. The transaction values Comverse Technology at 0.5x revenue and 5.4x EBITDA based on TTM financials as of April 30, 2012.

EQT Partners acquisition of Austria-based UC4 Software, which designs and develops Internet-based information technology process automation software, was valued at $271.7 million. UC4 Software reported $82 million in revenue for the LTM period ending April 30, 2012.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

%d bloggers like this: