Daily Deal Activity 09/10/12


Switzerland-based Lodestone AG, a Zurich-based management and information technology consultancy for financial, pharmaceutical, and consumer goods enterprises, was acquired for approximately $349 million by India-based IT consulting firm Infosys (BSE:500209), valuing the company at 1.6x revenue. Infosys expects the acquisition to improve its presence in the European market for enterprise IT solutions based on the SAP platform.

The Lightship Group and American Blimp, two leading blimp advertising operators, were acquired by outdoor advertising company Van Wagner Communications. Through these acquisitions Van Wagner’s Aerial Media Group provides advertisers a powerful array of non-traditional advertising and experiential marketing opportunities. In addition to fixed-wing planes carrying aerial banners, the group now includes blimps and complementary experiential marketing teams which will help brands engage consumers in unique ways. Terms were not disclosed.

Brilig, which operates a digital data exchange for online advertising, was acquired by customer relationship management firm Merkle. The acquisition supports Merkle’s data-agnostic value proposition, which integrates the optimal mix of third-party data to drive marketing performance. In addition, this acquisition supports Merkle’s ongoing strategy to expand its Big Data capabilities to further strengthen its connected CRM approach through offline and digital touchpoints. Terms were not disclosed.

International Medical News Group, a medical media company reaching over 500,000 physicians via its specialty newspapers, Websites, eNewsletters, video reporting, and podcasts, was acquired by another healthcare media company Quadrant HealthCom, from Elsevier. Quadrant, owned by investment firm M.E. Zukerman, will use the deal to create a new entity, called Frontline Medical Communications, under which Quadrant and IMNG will operate as individual brands. Terms were not disclosed.

CompuTaught, an Atlanta-based provider of online training courses and print resources for real estate broker, appraisal, mortgage, and home inspection licensing, was acquired by OnCourse Learning, a portfolio company of The Riverside Co. Terms were not disclosed.

MyDials, a provider of cloud-based data visualization solutions, was acquired by Adaptive Planning, a provider of cloud-based corporate performance management solutions. While terms were not disclosed, the deal exemplifies that the more focused cloud-based vendors are the stronger players leading the consolidation in the space.

ValoreBooks, which operates an online textbook marketplace, was acquired by SimpleTuition, a provider of online information for making education financing decisions. The acquisition of ValoreBooks is meant to help the company continue to expand its suite of savings-focused products. Terms were not disclosed.

AudienceFUEL, a company that helps publishers recapture value from unsold inventory with other premium publishers, was acquired by Clever On Demand, which offers technology solutions that enable publishers to manage multiple ad network. Clever On Demand plans to integrate AudienceFUEL’s publisher-to-publisher marketing platform to expand its profile and help publishers boost their profits from ad inventory. The combined company will now operate under AudienceFUEL. Terms were not disclosed.

Social recruiting solution provider Jobmagic, was acquired by iCIMS, a provider of SaaS talent acquisition software solutions for growing businesses. Prior to the acquisition, Jobmagic’s advanced social media tools had powered iCIMS’ Social Distribution solution, enabling iCIMS Talent Platform customers to quickly and easily promote job openings on Facebook, Twitter, LinkedIn, and over 300 other social media sites. Terms were not disclosed.


Nimble Storage, a developer of flash-optimized, hybrid storage, and backup solutions for the enterprise has raised $40.7 million in funding led by existing investors Sequoia Capital and Accel Partners. Artis Capital Management, Lightspeed Venture Partners and GGV Capital also participated in the round. This brings Nimble Storage’s total funding to $98 million.


Ivi.ru the “Hulu of Russia” that offers streamed premium TV and films from international and local big-name content holders, raised $40 million in funding in a round led by private equity firm Baring Vostok, with participation from existing investors ru-Net, Tiger Global, Prof-Media, and Frontier Ventures. The company has not disclosed how much money the site has raised since launching in February 2010, but the CEO, Oleg Tumanov, noted that Ivi.ru had previously raised “several dozen millions” of dollars in investment.

JAND (dba Warby Parker), a traditional and online retailer of eyewear for men and women, has raised $36.8 million in venture capital funding, according to a regulatory filing that indicates the total round could top out at $40 million. The round was led by General Catalyst Partners. Warby Parker previously raised over $13 million from Tiger Global Management, First Round Capital, Lerer Ventures, SV Angel, Menlo Ventures, and Thrive Capital.

Germany-based Brille24, an online retailer of eyeglasses for women, men, and kids, raised $8.9 million in funding from French investor TIME Equity Partners. This tranche is part of a deal amounting to more than $15 million.

PeakColo, a provider of infrastructure-as-a-service solutions for the enterprise, raised $7.5 million in funding from Meritage Funds and Sweetwater Capital. PeakColo, offers its cloud services, which are built upon VMware and NetApp foundational technologies, from multiple data centers in North America and the U.K.

Online retailer FashionPlaytes, which offers clothing designed for girls ages 5 to 12, raised $5 million in Series B funding led by existing investors Fairhaven Capital and New Atlantic Ventures, with participation from existing investor Golden Seeds and new investors Leo Capital Holdings and Spindrift Equities. The round increases the company’s total outside backing to approximately $12 million.

Germany-based Ondango, which provides social commerce solutions for Facebook pages, raised $0.5 million in funding from Connect Ventures in London. The company plans to use the funding to further expand out its services and the number of businesses using its platform to drive their Facebook marketplace.


Fair Isaac has completed its $115 million acquisition of privately held fraud prevention company Adeptra. The Minneapolis-based analytics company, best known for its FICO credit scoring system, said the deal will expand its offerings for customers, allowing them to detect and resolve issues within one platform.

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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