Daily Deal 10/03/12


Germany-based Deutsche Telekom (DB:DTE), the parent company of T-Mobile, has agreed to acquire a 74 percent stake in wireless telecommunications carrier MetroPCS (NYSE: PCS). The deal would include MetroPCS conducting a 2-1 stock split and pay shareholders approximately $1.5 billion ($4.09 per share), and then issue new stock to Deutsche Telekom. The combined company, which will be called T-Mobile, will have 42.5 million subscribers and pro forma revenues in 2012 of $24.8 billion.

GTCR has acquired OneSource Information Services, a provider of online business information and sales intelligence solutions, from Infogroup. No financial terms were disclosed. The deal was done via Cannondale Holdings, a data-enabled information and marketing services platform GTCR formed earlier this year with a $300 million equity commitment.

LucidMedia Networks, which provides an online advertising demand-side platform with integrated real-time bidding, was acquired by Videology, a video advertising, optimization, and yield management solutions provider. LucidMedia had raised at least $8.8 million from investors including Lake Street Capital, Melton Investments, RLI Partners, and Redleaf Group. The acquisition expands Videology’s demand-side service, offering marketers ad-targeting capabilities beyond video. The deal, whose terms were not disclosed, is Videology’s second acquisition in recent months. In June, it also bought Collider Media.

PrimaTable, a company that develops pricing, demand forecasting, and related technologies for the restaurant industry, was acquired by Hotel Tonight, which offers a last-minute hotel-booking app. PrimaTable’s technology will help Hotel Tonight give its merchant partners – namely hotel revenue managers – data-driven recommendations regarding room pricing. Terms were not disclosed.

Morgan Stanley Global Private Equity has acquired a majority stake in Creative Circle, a North American professional staffing firm focused on advertising, creative, and marketing talent. No financial terms were disclosed. Sellers include Riordan, Lewis & Haden Equity Partners.

HSMWorks Aps, a developer of computer aided manufacturing software, has sold certain assets to design software and services company Autodesk (NasdaqGS:ADSK). Through the acquisition of the HSMWorks technology, Autodesk will add software to control machine tools and related machinery to its portfolio of software for manufacturing. Terms of the transaction were not disclosed.

1000memories, a startup offering Web and mobile applications for storing, organizing, sharing, and digitizing print photographs, has been acquired by Ancestry.com (NasdaqGS:ACOM). 1000memories had raised $2.54 million in outside investment from Greylock Partners, Y Combinator, SV Angel, Founder Collective, and Lowercase Capital, as well as individual angels. Terms were not disclosed.

StartupDigest, which offers an online service to help people find and join startup-related events held in their local community, was acquired by Startup Weekend, a company offering a global network of entrepreneurs who are interested in educating and empowering other start-up founders. Terms were not disclosed.

Software development firm 42Six, was acquired by Computer Sciences (NYSE:CSC). 42Six specializes in big data processing, analytics, and advanced applications support for the U.S. Government Intelligence Community and the Department of Defense. Terms were not disclosed.


Thinking Phone Networks, a provider of enterprise cloud communications services, raised $16.5 million in funding co-led by Advanced Technology Ventures and Bessemer Venture Partners. The financing will enable the company to expand its sales, marketing, and support services internationally, enhance its ThinkingSuite communications delivery system, and continue to grow its global partnership network.

Rap Genius, which operates an online community where users can discover the meaning of various rap lyrics, raised $15 million in funding from Andreessen Horowitz. The company’s grand vision is to expand its text annotation services beyond rap music. The service, which crowdsources context around text, can be used to annotate literature, poetry, the Bible, political speeches, legal text, academic papers, and all culture.

ThredUp, which operates an online kids clothing exchange, has raised $14.5 million in Series C funding. Highland Capital Partners led the round, and was joined by return backers Trinity Ventures and Redpoint Ventures. The company previously raised nearly $9 million.

Betterment, which operates an investment platform for personal savings, raised $10 million in funding led by  Menlo Ventures, with participation from previous investors Bessemer Venture Partners and Anthemis Group. The round brings the company’s total investments to $13 million. Betterment plans to use the funds to improve products including its mobile app.

ShoeDazzle, which operates an online shoe and fashion retailer endorsed by Kim Kardashian and backed by Andreessen Horowitz, Polaris, Lightspeed and others, has raised another $6 million in a mixture of equity and debt, according to a filing with the SEC. This brings the company’s total funding raised to $66 million.

Genesis Media, a New York-based video ad tech startup, has raised $3 million in Series A funding from Black Ocean and SamStella, an tech focused investment fund. Genesis Media provides targeting and engagement solutions for advertisers who want to put their campaigns on video across premium content publishing sites.

NGData, a provider of enterprise data management software, raised $2.5 million in first-round funding from ING, Sniper Investments, and Plug and Play Ventures. The company’s solution allows enterprises such as large retailers and banks, to gain deeper insight on their customers.

Punchbowl, which operates a party planning site, raised $1.5 million from Silicon Valley Bank. The round brings Punchbowl’s total funding to $5.5 million. In addition to its online invitation creation and RSVP-management tools, the company has also recently launched an eCommerce platform for party supplies. The new funding will be used to expand marketing efforts and provide additional capital for its eCommerce initiatives.

CallApp, which offers a crowd-sourced universal social contact-book, raised over $1 million in seed funding from Giza Venture Capital and Moshe Lichtman.

Libboo, which operates an online platform that connects readers who are active on social media with new books, raised $1.1 million in seed funding led by MassVentures, with participation from individual angels.

ParElastic, a developer of elastic database middleware for running big data applications on the cloud, raised $1 million in funding from existing investors General Catalyst Partners, LaunchCapital, and Point Judith Capital, joined by members of CommonAngels, the angel group that led its initial seed round. ParElastic’s technology can support application workloads that exceed the capabilities of a single database server by making multiple database servers work together as a single virtual database.

Dobango, a startup that allows brands to promote themselves through fan competitions on Pinterest, has raised $0.6 million in seed funding from a private investor. In the future, the company plans to expand the service by introducing content management tools and analytics for brands.

Cloud-based database company Cloudant, announced that it has reached a custom development and strategic investment agreement with In-Q-Tel, a firm that backs technology useful to U.S. intelligence agencies. Financial details of the agreement were not disclosed. The company’s other backers include Avalon Ventures and Y Combinator.


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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