Daily Deal Activity 08/02//12


AT&T (NYSE:ATT) has acquired NextWave Wireless (OTCPK:WAVE) for the purpose of reworking its WCS spectrum for the build-out of AT&T’s 4G LTE network. According to the release, AT&T will acquire all the equity of NextWave for approximately $25 million plus a contingent payment of up to approximately $25 million and, through a separate agreement with NextWave’s debt holders, all of the company’s outstanding debt will be acquired by AT&T or retired by NextWave, for a total of $600 million in cash. NextWave Wireless is a holding company for a significant wireless spectrum portfolio and our continuing operations are focused on the management of our wireless spectrum interests.

Possible Worldwide, a WPP (LSE:WPP) owned digital agency that has strong operations in emerging markets, announced that it has purchased Fortune Cookie, a 190-person, U.K.-based firm with operations also in Poland, the U.S., and Australia. While terms were not disclosed, Fortune Cookie reported $15.3 million in revenue for the TTM period ending August 2011. The deal follows closely on the heels of WPP taking control of AKQA in June, and is part of company’s ambition to have 40 percent of its revenues coming from digital in the next five years.

SocialTract, a content marketing service started by Z Squared Media founder, was acquired by DigitalSherpa, a content marketing firm and division of real estate media company Network Communications. SocialTract creates blogs and provides ongoing content and social media integration for businesses looking to build an online content operation. Both companies target the small business community. Terms were not disclosed.

Canada-based Neverblue Media, a performance-based online marketing company, was acquired by online affiliate marketing and internet technology company GlobalWide Media. Neverblue had been on the auction block as part of the bankruptcy proceedings of its parent company, V2V Holdings.

MoneyReef, which provides personal finance and budgeting mobile applications, was acquired by financial management software company MoneyDesktop. Four of MoneyReef’s eight-person team will be joining MoneyDesktop’s 71 person team, including two of the three co-founders. Terms were not disclosed.

CodeEval, which offers a programmer evaluation tool for recruiter, was acquire by online video interviewing solution company HireVue. The CodeEval team is joining HireVue to continue developing the CodeEval product. Terms were not disclosed.

Online virtual poker gaming company Full Tilt Poker, was acquired by PokerStars, another online poker operator. Full Tilt offers both play and real money cash games and tournaments. Financial terms were not disclosed.

(7/18/12) The National Ergonomics Conference and Exposition (ErgoExpo), which claims to offer the largest and best-attended ergonomics conference and trade show in the U.S., was acquired by LRP Conferences, a division of LRP Publications. The event, previously owned and managed by Continental Exhibitions, offers nearly 75 educational opportunities displaying thousands of new products. Terms were not disclosed.


Peer-to-peer car sharing service Getaround, raised $13.9 million in Series A funding led by Menlo Ventures. The funds will be used to expand into new markets and improve its product. It’s also rolling out a new product called Getaway that will let users who never use their cars to rent them out for months at a time, with Getaround managing rentals and handling all maintenance.

Mobile payment company LevelUp, which also offers loyalty programs on behalf of merchants, raised $9 million from T-Venture, the venture arm of Germany-based telecommunications company Deutsche Telekom. The infusion represents the second tranche of its $12 million Series D funding round announced in June, bumping the total round to $21 million. The round increases the company’s total venture backing to $41 million and was done at a $172 million post-money valuation.

Motion-sensing software provider Movea, has raised a €6.5 million ($7.9 million) Series C round led by Intel Capital to grow its technology for use in consumer electronic devices including smartphones, tablet devices, and Intel-defined Ultrabooks. The company previously raised nearly $9 million in January 2008 from iSource Gestion, GIMV, and Thomson SA.

Cyphort, a cyber-security technology company, raised $7 million in funding from Matrix Partners, with participation from prior investor Foundation Capital. Matrix General Partner Andrew Verhalen will join the board. Cyphort develops cloud services, software, and appliance-based products to protect businesses and government agencies against persistent malware attacks.

Image recognition startup Cortica, raised $7 million in Series A funding led by Horizons Ventures, with participation from private investors. Cortica’s image recognition technology uses visual data to identify objects, brands, faces, and places. With the new funds, Cortica will develop go-to-market strategies with its first commercial product targeted at uses in advertising, image search, and data analytics.

QuickPay, which offers a mobile app that lets users find and pay for off-street parking, has raised $3.5 million in convertible debt. The company is also raising a Series A round of funding of at least $5 million.

Plink, which offers an online loyalty platform for major online retail chains, raised $3 million in Series A funding led by Grotech Ventures. The company offers a membership rewards program to connect online consumers with offline purchases at national brands. Plink previously raised a $0.6 million round led by Matomy Media Group and Ahlborg Acquisitions in April 2012.

Personalized monthly shopping site Personal Retailing, raised $2.6 million in Series A funding led by Hillsven Capital, with participation from individual investors. The funds will be used to launch FabKinds, an online store selling complete outfits.

Lua, which offers mobile workforce software that is intended to enhance communication and project management, raised $2.5 million in seed funding led by IA Ventures. The company launched last month, offering what is, as its core, a messaging product.

Gild, which offers recruiting software for employees looking for programmers that specialize in different languages, raised $2 million in seed funding Globespan Capital Partners and Sequoia Capital’s Mark Kvamme.

DaPulse, an internal communications company offering a product that uses a topic-based approach to sharing company updates and discussions, raised $1.5 million in Series A funding led by Genesis Partners. The financing will enable the company to continue developing the product and expand into new markets in the U.S. and Europe.

ShopLocket, which offers a platform designed to allow users to sell items from any Website or social media channel, raised $1 million in seed funding led by Rho Canada Ventures and Valar Ventures, with participation from BDC Venture Capital, Extreme Venture Partners, Relay Ventures, and individual 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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