01/17/2012

Acquisitions:

Convio (NasdaqGS:CNVO), a leading provider of on-demand constituent engagement solutions that enable nonprofit organizations to maximize the value of every relationship, was acquired for $275 million at 3.6x revenue and 41x EBITDA by Blackbaud (NasdaqGS:BLKB), which also provides software and related services for nonprofit organizations. The combined companies will have approximately $240 million in net debt.

China-based social media monitoring company CIC, was acquired by U.K.-based Kantar Media, a provider of media monitoring and evaluation solutions to public relations and communication professionals. The deal will build on the company’s significant global presence and activities in media market research and insights with 5,000 staff across 60 markets, with CIC working along with the other leading Kantar Media partnerships in China. Terms were not disclosed.

Eric Mower + Associates, which provides marketing communications solutions including advertising, brand promotion, B-to-B marketing, and online/direct/relationship marketing, was acquired by advertising and marketing agency Strata-G Communications. The new firm will have more than 250 employees nationwide. Terms were not disclosed.

Canada-based The Magazine, which provides a magazine site with blogs, message boards, games, comics, and contests for youth, was acquired by Canada-based Kairos Transmedia, which offers content through multiple media channels serving the 8-18 demographic. Terms were not disclosed.

Germany-based Datango AG, a provider of workforce performance support software for the eLearning and electronic performance sectors, was acquired by Germany-based business software provider SAP AG (DB:SAP). Datango’s content development, translation, and deployment capabilities for electronic training, documentation, and user support will enable SAP to develop valuable integration with other existing tools. Terms were not disclosed.

Acteea, a provider of SaaS e-commerce analytics solutions, was acquired for an undisclosed amount by PivotLink, a provider of retail performance management solutions delivered via SaaS. PivotLink also secured $13 million in Series D financing led by Trident Capital, Emergence Capital Partners, and Starvest Partners. This round brings PivotLink’s total capital raised to $32 million.

Cayusm, which delivers a hosted Web application for Grants.gov and federal grant applications, was acquired by Evisions, a company specializing in enterprise reporting software, document enhancement software, and distribution and payment processing software for educators. Terms were not disclosed.

Algorithmic Trading Management, a provider of global, multi-asset class algorithmic execution trading models, was acquired by Cowen Group (NasdaqGS:COWN), a search firm specializing in staffing and recruiting for Litigation Support, Practice Support and Electronic Data Discovery. Terms were not disclosed.

Billtrust, a provider of outsourced billing services, has merged with Mark Altman & Associates, a provider of comprehensive billing solutions serving municipal, utility and private sector customers nationwide. Terms were not disclosed. Billtrust also recently acquired Invoice Connection, an automated invoice and statement delivery company.

Janou Pakter, an executive search and creative recruitment firm focused on servicing the fashion and retail market, was acquired by JBCHoldings, a Rivera Investment Group portfolio. The boutique agency’s international presence from New York and Los Angeles to Paris, London, and Milan is expected to accelerate the planned expansion of JBC’s operations. Terms were not disclosed.

Polling Website provider Misterpoll, was acquired by Pollbob, a polling startup that allows its users to create and share opinion polls in real time. Pollbob, which now has $0.8 million in funding, is pursuing other acquisition of polling companies as a growth strategy. Terms were not disclosed.

Norway-based Skiinfo, which provides Europe’s most visited snow sports website, was acquired by OnTheSnow, a Mountain News subsidiary offering a ski and snowboarding Website. Terms were not disclosed.

Investments:

SendGrid, an email delivery and management service, raised $21 million in Series B funding led by Bessemer Venture Partners. Existing investors Foundry Group, Highway 12 Ventures, SoftTechVC, 500 Startups, and Bullet Time Ventures also participated in the round. This brings the company’s total funding to $26 million.

AppDynamics, which specializes in application performance management solutions for high-maintenance Web apps, raised $20 million in Series C funding led by Kleiner Perkins Caufield & Byers. Previous backers Greylock Partners and Lightspeed Venture Partners also participated.

U.K.-based fashion marketplace Far-Fetch.com, raised $18 million in financing from Index Ventures, BV Capital, and existing investor Advent Venture Partners. Advent previously invested $6 million in the company.

U.K.-based BlablaCar, which offers a carpooling marketplace that connects any driver who has empty seats with paying passengers, raised $10 million from Accel Partners and existing investors ISAI and Cabiedes & Partners. This brings BlablaCar’s total funding to $12.5 million.

PandoDaily, a tech-focused media site founded by ex-TechCrunch writer Sarah Lacy, raised $2.5 million in seed funding. CrunchFund led the round, and was joined by Greylock Discovery Fund, Accel Partners, Menlo Ventures, Lerer Ventures, SV Angels, Ooga Labs, and individual investors.

Brainient, a U.K.-based provider of online video advertising technology, raised $1.8 million in funding led by Credo Ventures with participation from Atlas Venture, Estag Capital, and private investors.

Trigger, which provides a platform for Web developers to create native mobile apps, raised $1 million in financing from SV Angel, RightVentures, Venture51, and a number of private investors. The Trigger team consists of 14 people split between San Francisco and London and will use the funding for expansion.

CliqSearch, which offers a new Web application for users to discover local businesses based on recommendations and reviews from friends, raised $0.8 million in financing from a number of angel investors. The startup already has approximately 1 million U.S.-based businesses in its directory.

FedBid, which provides an online marketplace for federal government procurement, raised an undisclosed amount of funding from Revolution Growth.

Other:

Adobe Systems has completion of its acquisition of Efficient Frontier, a leader in optimizing multi-channel and auction-based digital advertising across search, display and social media. Efficient Frontier manages more than $1 billion in annual digital marketing spend on behalf of its clients globally.

About Petsky Prunier
Petsky Prunier is one of the leading investment banks in the technology, media, marketing, eCommerce, and healthcare industries. Our firm's mergers and acquisitions and private placements advisory services reflect a unique blend of product specialization and industry expertise. Together with strategic consulting firm Winterberry Group, a Petsky Prunier company, our organization represents one of the largest industry-specific advisors providing strategic and transactional services. In addition, we offer international reach through our partnership with investment bank Altium, which operates from nine offices across Europe. Securities transactions are processed through Petsky Prunier Securities LLC, a member of FINRA and an affiliated entity.

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