Daily Deal Activity 06/06/12


Kazaam Interactive, a full-service interactive agency providing comprehensive solutions and services for healthcare agencies and brands, was acquired by InVentiv Health, a provider of clinical, commercial, and consulting services to the healthcare market. The acquisition of Kazaam Interactive will be fully funded with equity from funds affiliated with Thomas H. Lee Partners and other existing stockholders. Terms were not disclosed.

Affinitive, which provides word of mouth, and social media marketing and technology solutions, was acquired by U.K.-based Project Worldwide, a creative communications company offering project management, film and video production, graphic support and digital media services. Affinitive will add $5 million to $10 million in annual revenue to Project Worldwide, which reported $261 million in revenue in 2011. Terms were not disclosed.

APEX Sports Software, which offers video editing software with integrated voice recognition for football, was acquired by Hudl, which makes Web-based video analysis and coaching tools for sports teams. No APEX employees will join the Hudl team, which currently stands at 54 employees. Terms were not disclosed. The acquisition follows Hudl’s July 2011 purchase of Digital Sports Video, which at the time was the second-largest player in the sports video analysis market.

Beefy Media, a provider of video game production services, was acquired by Flashman Studios, an entertainment services firm specialized in the interactive entertainment industry. The acquisition will expand Flashman’s services to offer its clients a more complete solution when taking game products from concept to marketplace. Terms were not disclosed. 

Canada-based Compu-Quote which offers comparative rating services, business rules automation, and analysis tools for the automobile and property insurance industry, was acquired by Applied Systems, a provider of insurance agency and broker management systems. Terms were not disclosed.

ESI Integrity, a supplier of real-time auditing, fraud control, and risk management systems to government sanctioned gaming operators, was acquired for $1.4 million at 0.4x revenue Spectra Systems, which provides technology products used to authenticate and process banknotes.


News Corp. (NasdaqGS: NWSA) has acquired the 50 percent stake it didn’t already own in Singapore-based ESPN STAR Sports (ESS) from Walt Disney (NYSE: DIS). No financial terms were disclosed. ESS was a joint venture operating 28 sports-related networks in Asia.

PubMatic, a media technology company, provides an integrated inventory, data, and advertising revenue optimization platform for digital publishers, raised $45 million of funding led by August Capital, with participation from return backers Draper Fisher Jurvetson, Nexus Venture Partners, Helion Ventures, and Silicon Valley Bank. The company previously raised $18 million.

Delphix, which provides database virtualization software solutions that enable companies to create virtual copies of databases that synchronize with the source, raised $25 million in Series C funding led by Jafco Ventures, with participation from Battery Ventures and Summit Partners. Existing investors Greylock Partners and Lightspeed Venture Partners also participated. This brings the company’s total funding to more than $34 million.

Israel-based Get Taxi, which runs an online and mobile taxi-ordering service, raised $20 million in funding from Access Industries, with participation by company founders Roi More and Shahar Waiser. The company has now raised a total of $30 million.

Wattpad, which offers a social publishing site that allows writers to share their novels for free, raised $17.3 million in Series B funding led by Khosla Ventures, with participation from previous backers Unions Square Ventures and Golden Venture Partners.

Nexage, which operates a mobile ad exchange using real-time bidding, raised $10 million in Series B funding led by SingTel Innov8. The company claims that last year, bid volume in the exchange grew more than 70 percent each month. New publishers include Dictionary.com and Cut the Rope-developer Zepto Lab. Nexage has now raised a total of $14.5 million.

CareinSync, a start-up offering software to smooth a patient’s transition from one care provider to another, raised $1.6 million in Series A equity and debt funding from HealthTech Capital, which is a network of angels, venture capitalists, nonprofit entities and other players. The company offers software and mobile applications that give doctors and other caregivers a place to compare notes and keep track of medical histories and medications.

Fisoc, a provider of social loyalty solutions for financial institutions, raised an undisclosed amount of funding led by Greycroft Partners. Other company investors include KEC Holdings, Metamorphic Ventures, Daylight Partners, and Angel Investors.


Thomson Reuters completed the $1.25 billion sale of its healthcare division to a New York private-equity firm Veritas Capital. The new company is named Truven Health Analytics.

About Petsky Prunier
Petsky Prunier is one of the leading investment banks to the technology, media, marketing, eCommerce, and healthcare industries. Our firm's merger and acquisition and private placement 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. We offer global reach supplemented through our partnerships in China and India. Securities transactions are processed through Petsky Prunier Securities LLC, a member of FINRA, and an affiliated entity.

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