Daily Deal Activity 09/05/12

Acquisitions:

U.K.-based movies and entertainment company SO Television, which produces various entertainment television programs for broadcasters, was acquired for a total consideration of $27 million by U.K.-based commercial television production and distribution company ITV Studios. Terms stipulated an upfront payment of $16 million in cash, and further cash payments up to $11 million contingent upon So Television’s profit performance.

Real estate lead generation and management company TigerLead Solutions, was acquired for $22 million by Realtor.com operator Move. TigerLead claims its platform is used by thousands of agents nationwide, combining search engine marketing expertise with branded Internet data exchange listing Websites and a lead management system to help real estate agents generate smarter leads. The deal follows Move’s acquisition of social media search platform SocialBios in July 2011, terms of which were not disclosed.

mediaFORGE, a dynamic display media company, was acquired by Rakuten (JASDAQ:4755) subsidiary LinkShare. Founded in 2009, mediaFORGE’s Consumer Engagement display platform provides online advertisers with a way to prospect, retarget, nurture, and engage customers to help drive higher conversion. Terms of the deal were not disclosed.

OneDomain, a software company that develops and markets media planning, research, and business intelligence software to television and radio stations as well as ad agencies, was acquired by WideOrbit, a provider of advertising management software for media companies, for an undisclosed amount. Since its first major product release in November 2003, OneDomain has installed more than 600 television and radio stations with MediaOffice, its core advertising sales and proposal system.

Ketchum Directory Advertising has announced the successful acquisition of select assets of TMP Directional Marketing, as well as the closing of a senior secured credit facility with Wells Fargo Capital Finance. TMP, a local search agency, was required by its lenders to seek buyers for its assets due to an anticipated lack of operating capital. Through the transaction, KDA acquired TMP’s Milwaukee unit and portions of their St. Louis offices. Terms were not disclosed.

Ad-Vantage Networks, which offers software solutions that enable network providers to monetize their free, or fee-based Internet access with revenue from targeted advertisers, was acquired by JMG Exploration (OTCBB:JMGE), an oil and gas exploration and production company. Ad-Vantage Networks serves Internet access providers, affinity groups, hotspots, hospitality, and academia sectors. Terms were not disclosed.

CarDomain Network, a provider of online social sharing tools and content for automotive enthusiasts, was acquired by Source Interlink Media, a publishing company that uses print, online, television, radio, and mobile devices as its medium. Launched in 1998, CarDomain.com has established itself as one of the largest vertical automotive enthusiast community online with over 2 million registered users and nearly 1 million user-generated vehicle profiles. Terms were not disclosed.

Copiun, which provides corporate endpoint data management solutions for enterprises, was acquired by enterprise mobility software company Good Technology. Copiun, which enables employees to use mobile devices to collaborate on file server and Microsoft SharePoint documents, had raised $5 million in Series A funding over three tranches from Novak Biddle Venture Partners and RRE Ventures. Terms were not disclosed.

Full service direct marketing company Advanced Direct, was acquired by Salem Printing, a commercial, packaging, and flexographic printing company. The two companies have worked together as business partners for years, with Salem looking to ADI as a vendor for direct mail, tracking, and data mining services. Terms were not disclosed.

Mobile apps and content company Mobile On, was acquired by Nayamode, a full-service digital marketing firm offering campaigns and mobile solutions based on smart technology. The acquisition expands Nayamode’s suite of offerings with extensive capabilities for Apple’s platform for iPhones and iPads and Google’s Android platform across vertical markets in healthcare, industrial equipment, transportation, and automotive industries. Terms were not disclosed.

Surveillance Specialties, a security systems integrator, was acquired by full service security solutions provider Securadyne Systems, a portfolio company of Pamlico Capital. The SURV acquisition is the second for Securadyne, which was founded in February 2012. Surveillance Specialties was founded in 1986 and serves a broad customer base focused on industries such as higher education, pharmaceuticals, biomedical, high technology, and insurance.

Fidelis Security Systems, a provider of cyber security solutions that provide real-time network visibility, analysis, and control, was acquired by General Dynamics, a global defense and IT systems provider. Fidelis Security Systems’ products complement General Dynamics Advanced Information Systems’ cyber operations and incident response services, allowing customers to detect, defend, and react to cyber threats and network breaches. Terms were not disclosed.

U.K.-based Initium Onboard, a provider of onboard retail technology to the airline and rail industries, was acquired for $4.56 million by GuestLogix (TSX:GXI), a provider of transaction-based onboard retail software solutions for the passenger travel and entertainment industries. The acquisition adds 250 million annual passenger trips to GuestLogix’s already one billion passenger-trip strong customer base.

Germany-based online sports media company Sportal.se, was acquired by digital sports content distributor Perform Group (LSE:PER). Perform is buying the firm, which provides a range of content, production and technology service to German and Swizz media, from its private owners. While terms were not disclosed, Sportal reported 2011 revenues of €1.4 million ($1.8 million).

(8/29/12) Tanzania-based Spidersat Communications, an integrator of global communications equipment focused on providing satellite-based communication services for mining, exploration, and mining services, was acquired by ITC Global, a U.S.-based alternative carrier that provides voice and data wide-area networking services to corporations and organizations.

 Investments:

Tenable Network Security, a provider of network security software, has raised $50 million in Series A funding from Accel Partners.  Tenable reports that its customer base now includes 15,000 organizations — including the U.S. Department of Defense, Barclays, Visa, Amazon, Apple, Google, AT&T, Verizon, and many others — creating a user community with more than 1 million people. The company also says that its revenue has grown more than 550 percent over the past four years.

Nebula,  a developer of a hardware appliance that is designed to allow any business to deploy large private cloud computing infrastructures, raised $25 million in Series B funding led by new investor Comcast Ventures, with participation from current investor Highland Capital Partners. Although Nebula is not yet naming customers, there’s been interest from pharmaceutical, biotechnology, media, Internet, and gaming companies.

BigCommerce, a company that provides eCommerce software to online retailers and merchants, raised $20 million in funding from General Catalyst Partners and FLOODGATE. The company’s software helps small businesses power everything related to an online storefront from search to inventory to online payments to marketing and SEO. This brings the company’s total funding to $35 million.

Doximity, which operates a social network for physicians, raised $17 million in Series B funding led by Morgenthaler Ventures, with participation from Emerge Capital Partners and InterWest Partners. Doximity hopes to connect doctors so that they can collaborate on cases, identify the right candidate for a referral, send private messages to each other, converse about the latest research, and gain exposure for their practice.

BedRocket, a media and entertainment company delivering video across all digital platforms, raised $15 million in Series A funding from New Enterprise Associates. Bedrocket offers several channels of content via Youtube, its major strategic partner, and through newer video distribution platforms such as the TouchTV Facebook app.

Macheen, A cloud service provider for connected devices, raised $10 million in Series C funding led by GemVentures, with participation from return backers North Bridge Venture Partners and DFJ Mercury. Macheen delivers online mobile broadband connectivity to buyers of portable and mobile devices that previously didn’t have those services.

eSpark, a provider of iPad-enabled individualized student learning plans, raised $5.7 million in funding from MK Capital, New World Ventures, NewSchools Venture Fund, Learn Capital Partners, and 500 Startups.

Fingerprint Digital, which develops mobile learning and play games, raised $5 million in funding from Canadian media and entertainment company Corus Entertainment. The infusion brings the company’s outside backing to $7.75 million. Previous investors include K2MediaLabs, THQ, Reed Elsevier, and Suffolk Ventures.

Korrio, a cloud-based service for organizing and sharing youth sports, raised $4.6 million in funding from existing investor Ignition Partners. The round of funding was raised to further support the development of Korrio’s online sports automation service as the company broadens its reach beyond youth soccer to focus across a variety of organized sports in the U.S. and abroad. The investment adds to a $3.3 million Series A round the company announced in January 2011.

Norse, a provider of Internet security intelligence and payments products for all industries, raised $3.5 million from undisclosed investors. The new funding round brings the company’s total amount raised to $5.1 million. The funds will allow the company to add talent, support the upcoming launch of multiple security and payments product launches, and expand on research and development activities.

Ireland-based Global Medical Treatment, the company behind the WhatClinic.com Website for comparing health clinics, has received $2.5 million from Delta Partners to expand its workforce from 20 employees to 50. Delta’s investment in WhatClinic.com is its 12th deal in the past 12 months, and the firm plans to invest in 15 new companies in the next 12 months.

Spain-based PlaySpace, a social game publisher for Spanish and Portuguese speakers, raised $1.9 million in funding led by PeopleFund, with participation from Faraday Ventures.

Routehappy, which offers a flight experience search engine, raised $1.5 million in seed funding from High Peaks Venture Partners, Contour Venture Partners, and Vocap Ventures, as well as angel investors from the travel industry.

Cloud-based mobile data optimization company Snappli, raised $1 million in funding from Greylock Partners , Index Ventures, and a private investor. The Snappli app compresses, optimizes, and secures mobile Internet data, and claims to be the only service to offer video compression. Snappli reduces data by up to 85 percent and its proprietary technology accelerates mobile browsing by up to two times.

Canada-based app discovery platform provider Oomf, raised $0.5 million in a seed round of funding led by Real Ventures, an early stage seed fund, with participation from BDC Venture Capital and a number of undisclosed angel investors.

Other:

Safeway (NYSE:SWY) has announced that it plans to take its gift card business, Blackhawk Network Holdings, public by the first half of 2013. The supermarket chain said that it plans to file a registration statement for the public offering of a minority stake in its Blackhawk business. The exact timing of the IPO depends on market conditions. Safeway gave no details on pricing. Blackhawk sells gift cards at grocery stores, drugstores, and other retailers, and also operates the Website GiftCardMall.com.

The previously announced acquisition of Canadian online marketing companies Neverblue and AKMQ, by GlobalWide Media were completed at a reported $40 million in cash. Neverblue is a performance-based online marketing company with capabilities across all major media channels, including mobile, search, email, social media, and display. AKMG is a performance- based affiliate network comprised of premium publishers worldwide. While Neverblue will continue to operate under the Neverblue Media name, AKMG and its entire team will operate as GlobalWide Media going forward.

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