Daily Deal Activity 07/24/12


(7/23/12) Nicira, a company that makes virtualization software, was acquired by virtualization-based cloud infrastructure solutions company VMware (NYSE:VMW), in a deal that values the company at $1.26 billion. Nicira emerged out of stealth in February 2012 after five years in development. VMWare is paying roughly 100.0x TTM revenue and 40.0x FTM revenue for Nicira.

Commarco, the Germany-based marketing services network which is part of WPP (LSE:WPP), has acquired a majority interest in KKLD, a Germany-based digital agency. Founded in 2005, KKLD specializes in brand and digital communication strategies, creative solutions, eCommerce, and social media.  KKLD is based in Berlin and employs 30 people in its offices in Germany and New York. KKLD’s unaudited revenues for 2011 were $5 million.

WPP‘s (LSE:WPP) global research agency Millward Brown has acquired Chili-based consumer insights company Cadem Advertising. Millward Brown is a global company focused on brands, media, and communications, operating as a part of Kantar Group. Cadem’s 2011 revenue was $6.2 million.

Fitness application maker SkyHealth, which offers the Fitness Buddy and Glucose Buddy apps, was acquired by Azumio, which also develops consumer health applications, for an undisclosed amount. In 2011, Azumio had raised $2.5 million in Series A funding from Accel Partners, Felicis Ventures, and Founders Fund to work on applications that measure stress.

ShoutOmatic, which offers a social technology that allows users to record and broadcast audible messages, known as “Shouts”, to their social networks, was acquired by Excel, a licensing, merchandising, and distribution company. Excel has plans to market this tool directly to brands, noting that offline, QR code-powered applications will also be key. Terms were not disclosed.

France-based AGL, a multimedia service provider that owns and operates a number of online dating sites, was acquired for $4.5 million by U.K.-based Cupid (AIM:CUP), valuing the company at 0.6x revenue and 6.2x EBITDA. AGL was founded in 1986 and runs a team of 25 staff based near Paris.


Tintri, which offers storage system for virtualized data centers, raised $25 million in Series D funding led by Menlo Ventures. Lightspeed Venture Partners and New Enterprise Associates, which previously invested $34.6 million in the company, participated in the round as well. Tintri’s product is a purpose-built storage appliance exclusively intended for virtual machines, and designed to allow enterprises to overcome storage-centric bottlenecks and broaden their virtual deployments.

A week after acquiring WAC (Wholesale Applications Community), API platform company Apigee has raised $20 million in funding led by Focus Ventures, with participation from Bay Partners, Norwest Venture Partners, and Third Point Ventures. The round values the company at more than $200 million. Apigee has now raised $72 million since launching in 2005.

Nextdoor, which operates a neighborhood social network, raised $18.6 million in funding led by DAG Ventures, at a valuation of more than $100 million. Founded as a Wikipedia for sports called FanBase with $11 million in funding from Benchmark Capital and Shasta Ventures, the company pivoted several times before beginning its current venture, Nextdoor, in 2010.

SecureNet Payment Systems, a payment processing technology company, raised $18 million in growth equity from Sterling Partners.

Guavas, which has built a stack of big-data storage, management and analytics software to serve the telecommunications industry, raised $15 million in Series C funding from an undisclosed strategic investors. The investment follows 33 million the company raised in Series A and B funding from Artiman Ventures, Intel Capital, and Sofinnova Ventures. Those investors also participated in the current round.

WhoSay, an online media management platform for celebrities and other influencers, has raised $12 million in Series C funding led by Comcast Ventures. The raise includes participation from existing investors Greylock Partners, Amazon (NasdaqGS:AMZ), High Peaks Ventures, and China-based Web giant Tencent (SEHK:700). This brings WhoSay’s total venture capital investment to $19.3 million.

Xamarin, which operates cross-platform mobile application development tools, raised $12 million in Series A funding led by Charles River Ventures, with participation from Floodgate and Ignition Partners.

SaveUp, which offers a free rewards program to help users save money and get out of debt, raised $5 million in funding from undisclosed investors. The company previously raised $2 million from BlueRun Ventures and True Ventures.

Online gaming company Jawfish Games, raised $2.6 million in bridge funding from Founders Fund and individual investors. The company will use the new funding for game development and platform support for third-party partnerships.

StackSocial, a digital commerce startup that aims to match web publishers with readers, raised $0.8 million in seed funding from undisclosed investors.

Chute, a company that helps apps and sites capture, manage and display media files, raised an undisclosed amount of funding led by Freestyle Capital, with participation from Battery Ventures, US Venture Partners, Salesforce.com (NYSE:CRM), and a number of private investors.

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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