Daily Deal Activity 10/25/12


Asset International, a B-to-B media company that covers the financial services sector, has agreed to buy Savingforcollege.com‘s 529 Conference and Boot Camp, from JFH Innovative. Financial terms of the deal were not disclosed. The 529 Conference focuses on the 529 savings plan designed to help families finance their children’s college educations, and will become a part of Asset International’s Financial Research Corp., which the media company acquired in 2011.

Tender Creative, a 26-person digital creative agency offering digital design, development, and branding solutions, was acquired by advertising company VSA Partners, which offers brand strategy and design services. The companies share Nike as a client, and have collaborated to help rebrand Converse nearly eight years ago. Terms were not disclosed.

TokBox, a provider of streaming video conferencing via the Web, was acquired by Spain-based Telefonica, which offers fixed and mobile telephony services. No financial terms were disclosed. TokBox had raised approximately $26 million in funding from Bain Capital Ventures, DAG Ventures, and Sequoia Capital.

Stamped, a startup that built an iPhone app enabling users to record and share recommendations of their favorite things, was acquired by Yahoo (NasdaqGS:YHOO), for an undisclosed amount. The purchase is the first big step in Yahoo’s major mobile push being led by CEO Marissa Mayer. Stamped’s nine employees have joined Yahoo where they are tasked with building a mobile development center that will focus on bringing coherence to the company’s mobile strategy.

Gravity Collection Sports Network, a marketing and development company of premium action sports films, including content for television and feature length films for alternative and digital distribution, was acquired by Rounder (OTCPK:RNDR), which provides online gaming and gaming lifestyle organization services. Terms were not disclosed.

The fan photography business and intellectual property of Printroom, an online fan and professional photography services platforms for sporting and entertainment events, were acquired by Brand Affinity Technologies, which provides a research engine that offers daily analysis of celebrities and athletes. Printroom’s fan photography division has directly engaged with and photographed over 10 million U.S. fans in 2011, translating into nearly $10 million in gross sales. Terms were not disclosed.

Computer Sciences (NYSE:CSC), has agreed to sell its consulting and systems integrations services in Italy to Dedagroup,an Italy-basedITconsulting company offering technology infrastructure, systems integration, applications solutions development, and consulting services for banking and financial markets, governments, and businesses. The deal is part of a strategy to rebalance CSC’s business portfolio – at the end of 2011, the company reported an estimated $1.5 billion loss on a failed investment in an electronic health-record system contract with the U.K.’s National Health Service.

U.K.-based Docomo Intertouch Europe, along with its suite of solutions for premium quality internet access, in-room entertainment technologies, and managed web platforms for hotels, was acquired by France-based Locatel, a leader in interactive multimedia systems for the hospitality and healthcare sectors. Terms were not disclosed.

Infotree Web Solutions, a Web design and online marketing firm, was acquired by ForeSite Technologies, an IT support and Web development company, for an undisclosed amount. ForeSite also reported plans to double its size by 2015 through continued acquisitions and strong organic growth.

Kitenga, which provides develops multi-media content mining and analytics solutions, was acquired by Quest Software. Kitenga’s platform enables enterprises to monetize and leverage all relevant data resources by transforming huge amounts of unstructured and semi/structured data into actionable intelligence. Terms were not disclosed.


Russia-based airline ticket-booking company OneTwoTrip, raised $16 million in funding from Atomico, bringing the company’s venture fundraising over the past two months to $25 million.

Decisyon, a developer of performance management software, has secured $15 million in Series A funding led by Axel Johnson. Decisyon’s software helps its customers drive financial and operational benefits by discovering key factors affecting business issues and processes.

Udacity, a university-level online learning company, raised $15 million in Series B funding led by Andreessen Horowitz, with participation from Charles River Ventures. To date, the company has raised $21.1 million in outside funding for its platform which offers online courses in Computer Science, Mathematics, General Sciences, Programming, and Entrepreneurship.

India-based Vizury Interactive Solutions, an Internet marketing company, raised $9 million in Series B funding led by Nokia Growth Partners, with participation from Ojas Venture Partners, Inventus Capital Partners, and existing angel investors. The company will use the proceeds to hire talent, strengthen its presence across Asia, Australia, and South America, to drive research and development efforts, and for product innovations.

ConnectEDU, which provides Web-based college and career access solutions, raised $9.5 million in funding led by Allen & Co. and North Atlantic Capital, which it plans to use to develop products and services and for ongoing acquisitions and partner integration. The company has raised more than $42 million in outside funding to date.

Dhingana, which operates an online music platform for Indian and Bollywood music, raised $7 million in Series B funding led by Lightspeed Venture Partners, with participation from return backers Inventus Capital Partners and Helion Venture Partners.

Israel-based WalkMe, a company providing tools that enable Website owners and app developers to create interactive on-screen “Walk-Thru’s” that help users complete various tasks, raised $5.5 million in funding from Gemini Israel Ventures, Giza Venture Capital, and Mangrove Capital Partners. The company’s solution is intended to decrease helpdesk costs, eliminate end-user confusion, and increase conversation rates.

BuildDirect.com Technologies, an online wholesaler of building materials and supplies, raised $4 million in funding from BDC Venture Capital.

Russia-based Eruditor Group, which operates an online freelancer marketplace, raised $4 million in Series A funding led by Intel Capital, with participation from Runa Capital. The financing follows recent rounds closed by similar companies Handybook and PeopleperHour. Eruditor has raised $4.6 million to date.

Ireland-based CRM Pulse (dba Datahug), which operates sales performance and business networking software, raised $3.2 million in Series A funding from DFJ Esprit. The new money will enable the Dublin company to expand in the US and elsewhere, and build its customer base across industry sectors.

Flashnotes, which operates an online marketplace where students can buy and sell their notes and other course materials, has closed a seed round of $1.8 million led by Ryan Moore of Atlas Venture and Jordan Levy of Softbank Capital.

SA Ignite, a healthcare IT firm providing solutions to improve Meaningful Use (MU) reporting for a variety of healthcare providers, raised $1.6 million in Series A funding led by Aligned Partners. The company’s cloud-based software solutions automatically aggregate and monitor MU measures across multiple EHR systems and provide decision support tools.

Laffster, a humor discovery software start-up, raised a $0.75 million in seed funding from Greylock Partners and individual investors, which it plans to use to develop its technology and optimize content with partners. The company has received additional funding from the Paradigm Talent Agency and J.P. Williams of Parallel Entertainment.

Belgium-based Ogone, an online payments solutions provider, has purchased Belgacom (ENXTBR:BELG)’s 40 percent stake in Belgium-based Tunz.com, which operates an electronic wallet mobile payments system. Terms were not disclosed.


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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