Daily Deal Activity 08/09/12


Argus Information & Advisory Services, a provider of benchmarking, scoring solutions, analytics, and customized services to financial institutions, was acquired by insurance, mortgage, and healthcare fraud detection services company Verisk Analytics (NasdaqGS:VRSK). The purchase price is $425 million, and provides an exit for investor Oak Investment Partners.

The New York Times (NYSE:NYT) has agreed to sell its online information service, About.com, to rival Answers.com, for $270 million. About.com provides information on a wide variety of topics and also operates ConsumerSearch.com and Calorie-Count.com. Content is written by paid experts known as guides. Answers.com, by contrast, relies on users to answer questions. The About Group reported $52.5 million in revenue for the first half of 2012.

Communicate 2, an India-based digital consultancy and search marketing agency, was acquired by Aegis Media. Communicate 2, whose clients include American Express and Travelocity, will be merged into Aegis Media’s iProspect India’s Mumbai and New Delhi offices. Terms were not disclosed.

Lost Remote,which operates ablogdedicated to social TV coverage and analysis, was acquired by Internet media company WebMediaBrands, which is planning its first trade show covering the social TV market. Lost Remote will be combined with WebMediaBrands’ TVNewser and TVSpy blogs. Terms were not disclosed.

Digia, a software solutions company providing information and communication technology products and ERP solutions, has signed an agreement to acquire Qt Software Technologies and Qt Business, from Nokia (HLSE:NOK1V). With Qt, developers can build innovative applications and touch-enabled user interfaces once and then deploy across all major mobile, desktop, consumer electronic, and embedded platforms. Terms were not disclosed, but multiple press reports say that Nokia only will recover a fraction of the $150 million it paid to acquire the group in 2008.

Hubbard One, a provider of a software platform to power attorney biographies, was acquired by One North Interactive, an agency dedicated to serving the creative, strategic, analytical, and technological needs of legal and professional services organizations, from Thomson Reuters (TSX:TRI). The transaction is expected to close on October 1, 2012. Financial details were not disclosed.

Bay Bridge, a supplier of contact center forecasting, capacity planning, and strategic analysis technology, was acquired by Interactive Intelligence Group, a provider of unified IP business communications solutions. Terms were not disclosed.

Brazil-based MV Sistemas, a developer of technology management systems for healthcare providers, sold a majority stake to Insight Venture Partners. Terms were not disclosed.


Online gaming company CCP Games, raised $20 million in funding, which came in the form of convertible bonds raised from Icelandic institutional investors. Founded in 1997, CCP previously raised $20 million in equity financing.

AnyPresence, which operates a cloud-based mobile platform for the enterprise, raised $5.5 million in Series B funding led by Grotech Ventures, with participation from return backer Kinetic Ventures. The funding will allow the company to expand its backend services.

PatientsLikeMe, a company that runs a health information sharing Website for patients, raised $2 million in funding from eleven undisclosed investors. The company received an $8 million round in 2010, and investors include CommerceNet, Omidyar Network, Collaborative Seed, Growth Partners, and Invus.

Website optimization company HiConversion, which provides conversion rate optimization solutions, raised $1.3 million Series B financing from LB Merchant HC-2, an affiliate of Littlebanc.

Wantworthy, which offers an online shopping tool that allows users to track everything they want to buy in one place, raised $1 million in seed funding led by RRE Ventures, with Google Ventures, Quotidian Ventures, and a number of angels investors participating as well.

Keen, a print company that delivers its products to consumers through eCommerce ordering, raised $0.925 million in funding from private investors, Apaxys Ventures and 500 Startups.

Fixmo, a provider of infrastructure management solutions for mobile devices, raised an undisclosed amount of funding from Motorola Solutions Venture Capital. In 2011, the company announced a $23 million Series C round from Paladin Capital Group, Horizons Ventures, Kleiner Perkins Caufield & Byers, and return backers Rho Ventures Canada, iNovia Capital, and Extreme Venture Partners.

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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