Daily Deal Activity 11/13/13

Digital Media/Commerce

gaming, mobile content/apps

Avcom (dba Mobile Vegas), a gaming studio focused on building social casino games for mobile devices, was acquired by MGT Capital Investments (AMEX:MGT), a company that engages in acquiring, developing, and monetizing assets in the online and mobile gaming space. The acquisition of Avcom places MGT in a position to capitalize on the popularity of the social casino industry. Terms were not disclosed.

ecommerce

8Trip, a China-based b-to-b online travel service that connect suppliers with sellers, has raised $24.6 million in funding led by Vision Knight Capital, and SoftBank China Capital. The funds will be used to improve the online platform and user experience to better serve the tourism industry partners.

ecommerce

Scoopshot, a Finland-based company that develops and runs a crowdsourced marketplace for news photos and videos, has raised $3.9 million in Series A funding led by Conor Venture Partners and Finnish Industry Investment. The new round of funding will be used to expand Scoopshot’s presence in the U.S. and UK.

gaming, mobile content/apps

MAG Interactive, a Sweden-based gaming application developer, has raised $6 million in funding led by Nokia Growth Partners.

niche content, Mobile content/apps

Tourist Eye, a Spain-based company that provides a Web and mobile travel guide application, was acquired by travel guidebooks publisher Lonely Planet. The acquisition will allow for LonelyPlant to broaden its portfolio of products. Terms were not disclosed.

social media/apps

Quirky, a social network for product development, has raised $79 million in funding led by General Electric Company, with participation from Andreessen Horowitz, Norwest Venture Partners, RRE and Kleiner Perkins Caufield & Byers.

Digital Advertising

comparison shopping

Yapta, a provider of online travel shopping service that monitors airline ticket pricing and award seat availability for travelers, has raised $2 million in funding led by Amadeus, with participation from Concur Technologies.

Marketing Technology

Analytics & reporting

Ezoic, a company offering publishers an automatic way to improve website layout and advertising revenue with a series of A/B testing solutions, has raised $5.6 million in Series A funding round led by Balderton Capital, with participation from New Amsterdam Capital, Silicon Valley Bank and private investors.

content delivery network

upLynk, a technology and television cloud company that streams live and on demand video across various platforms, was acquired by broadband and wireless communications provider Verizon Digital Media. upLynk’s  technology will streamline the process of uploading and encoding TV Everywhere for live, linear content. Terms were not disclosed.

content management

Escenic, a Norway-based company that provides Web publishing and content management solutions for professional publishers in sales, marketing, and media industries, was acquired by Denmark-based editorial and advertising solutions provider CCI Europe from Vizrt. Terms were not disclosed.

crm

Selligy, a company that develops and markets a mobile application to manage business conferences and meetings, has raised $2.8 million in funding led by Draper Fisher Jurvetson, and joined by Alchemist Accelerator, and Salesforce.com.

media management software

Clearleap,which provides content management and distribution platform enabling the delivery of video to linear channels, video on demand, broadband, and consumer electronic devices, raised $20 million in funding led by Susquehanna Growth Equity, joined by Trinity Ventures, and Noro-Moseley. The company has raised $36.8 million in funding to date.

Agency & Marketing Services

public relations

Parys Communications, a UK-based boutique communications consultancy that specializes on delivering corporate, consumer, and b-to-b campaigns, was acquired by public relations firm MWW. The acquisition is the first in a series of strategic developments for MWW as it seeks to expand across Europe and other international markets.

Traditional Media

Broadcast television

Sprout, a children’s TV entertainment network, was acquired by television network NBCUniversal. Sprout was previously jointly controlled by NBCUniveral, PBS and HIT Television Ventures. Terms were not disclosed.

traditional outdoor

StoreBoard Media, a company that designs, manufactures, and sells indoor advertising billboards, was acquired by private investment firm Lead Lap Enterprises. Lead Lap Enterprises will provide growth capital and management support to expand and grow the business. Terms were not disclosed.

Technology & Communications

cloud storage

PasswordBox, a Canada-based company that provides digital password management solutions, has raised $6 million Series A funding led by OMERS Ventures, with participation from angel investors.

virtualization Technology, cloud computing technology

Xangati, a provider of infrastructure performance management solutions for accelerating virtualization for enterprises, governments, healthcare organizations, and cloud-computing providers, has raised $11 million in funding led by HighBar Partners, with participation from Citrix Systems (Nasdaq:CTXS). This brings the company’s funding to a total of $21.7 million.

Software

cloud storage

Mustbin, an application that allows users to capture and organize both physical and digital information in secure “bins” that can be shared privately with family, friends or advisors, has raised $4.5 million in funding led by DAG Ventures, with participation from angel investors.

erp software

Lector Computersysteme, a German-based print management information system developer, was acquired by customer-focused digital printing company Electronics For Imaging (NasdaqGS:EFII).  The acquisition will allow for EFI’s continuous expansion in the printing industry market. Terms were not disclosed.

healthcare

RightCare Solutions, a developer of evidence-based patient discharge decision support systems, has raised $5 million in funding led by Domain Associates and Compass Partners. The company’s platform enables continuous point-of-care decision support, optimizes workflow, and improves post-acute care transitions.

Security Software, mobile infrastructure

Fiberlink Communications, a provider of mobile computing solutions, was acquired by International Business Machines (NYSE:IBM). Fiberlink will allow for IBM’s broader strategy for mobile-device security.

security software

GreenLine Systems, a technology company specializing in security risk management for the government, was acquired by A-T Solutions, a company that provides intelligence, technology, training, and mission support solutions.  That acquisition will allow GreenLine’s enterprise software solutions and subject matter expertise in maritime, transportation security, and border protection to meet the continuously changing needs of A-T solutions consumers. Terms were not disclosed.

Information & Business Services

market research

Centurion Research Solutions, a provider of research services that help government contractors efficiently and cost-effectively win more government business, was acquired by Deltek, an enterprise software and information solutions provider for professional services firms. This acquisition strengthens Deltek’s business development services. Terms were not disclosed.

financial information

RedVision Systems, a provider of real property research solutions, has raised $5 million in funding led by Edison Ventures. RedVision’s services include building loan search, emergency repair, title search, and tax search continuation.

IPOs

ecommerce

Chegg (NYSE:CHGG), an online textbook rental company, raised $188 million in its IPO, pricing 15 million shares at $12.50 per share (above its initial $9.50-$11.50 range), for an initial market cap of $1.1 billion. Based on the final share price and LTM financials as of Sep 30, 2013, the company is valued at $1.3 billion (5.2x revenue and 30x EBITDA). After its first trading day, Chegg’s shares closed down 23 percent down at $9.64.

 

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