Daily Deal Activity 11/01/12


RedPrairie entered into a definitive merger agreement to acquire JDA Software Group (NasdaqGS:JDAS) from Thoma Bravo, Praesidium Investment Management, Columbia Management Investment Advisers, and other shareholders, for $1.9 billion. JDA Software provides enterprise software solutions that enable planning, optimization, and execution of supply chain, merchandising, and pricing processes for manufacturers, wholesalers and distributors, retailers, and government and aerospace defense contractors, as well as travel, transportation, hospitality, and media organizations. Based on LTM financials of as June 30, 2012, the transaction values the company at 2.8x revenue and 10.3x EBITDA.

Postling, which creates a social media marketing dashboard product used by over 20,000 small businesses, was acquired by LocalVox Media, an operator of a multi-channel local business marketing platform. Postling has been integrated into a new product suite that LocalVox is releasing today that includes a unified social media inbox that publishes to a host of social media channels as well as a mobile, geo-targeted deals platform. Terms were not disclosed.

Epsilen, which offers eLearning solutions for higher education institutions, was acquired by The New York Times (NYSE:NYT). Epsilen’s learning platform allows educators and students to access digital content and integrate it into their online lessons, in addition to collaboration, learning outcome assessment, and networking solutions. Terms of the deal were not disclosed.

Learn360, a subscription-based SaaS provider of digital media to the K-12 education market in the U.S. and Canada, was acquired by Facts on File, a subsidiary of Infobase Publishing that publishes reference materials for schools and libraries. Terms were not disclosed.

Libertas Technologies, which provides software development and consulting services, was acquired by Definitey Partners, a business improvement firm. The deal will provide Definity Partners with additional technology capabilities as it works with clients to simplify, standardize, and automate operations. Terms were not disclosed.

Scottish game developers Digital Goldfish, was acquired by New Zealand-based games company Ninja Kiwi, for an undisclosed amount. Digital Goldfish has worked closely with Ninja Kiwi for several years, developing the mobile versions of a number of games.


China-based Anquanbao, which offers a cloud-based software program that helps protect websites from security violations, raised $10 million in Series B funding led by Northern Light Venture Capital. Proceeds will go toward increasing the company’s sales and marketing efforts, will the company continues to focus on China as its main customer base.

MINDBODY, a software company providing business management software for personal service businesses in the health, wellness, and beauty industries, raised $35 million funding led by Institutional Venture Partners. Current investors Catalyst Investors and Bessemer Venture Partners joined the round, bringing MindBody’s total funding to approximately $55 million. MindBody started in 2001 as a software consultant helping yoga, Pilates, and spinning studios manage their businesses electronically. In 2003 it released Web-based scheduling software, and in 2005 it began offering its software as a service.

AtTask, a provider of project and work-management software as a service, closed a growth round of $17 million, led by Greenspring Associates, and including Escalate Capital, University Venture Fund, and Domo founder and Chief Executive Josh James. In August, the company disclosed that the company had raised $13 million toward the round. In June 2007 AtTask raised its first round, $7 million in equity funding from OpenView Venture Partners.

Flash sales site Fab.com, raised $15 million in funding from VTB Capital and Phenomen Ventures. The company previously raised approximately $155 million from Atomico, Pinnacle Ventures, ru-Net Technology Partners, Mayfield Fund, DoCoMo Capital, Andreessen Horowitz, Menlo Ventures, Baroda Ventures, and First Round Capital.

Dollar Shave Club, an online provider of monthly delivery service for shaving and grooming products, raised $10 million in Series A funding led by Venrock, with participation from previous seed investors Felicis Ventures, Forerunner Ventures, Kleiner Perkins Caufield & Byers, and Shasta Ventures. Andreessen Horowitz, White Star Capital, and individual investor Shervin Pishevar, all of whom participated in the $1 million seed round seven months ago, did not return.

Blue Box Group, a cloud hosting and managed services company, completed an initial closing on a $3.5 million Series A round led by Voyager Capital. This round is the company’s first equity investment and will be used for product innovation, to hire additional engineering talent and to expand marketing and sales efforts.

Pirq, which operates a mobile platform for delivering instant deals at local businesses, raised $1.2 million in second-round funding. No investor information was disclosed.

U.K.-based iPhone application developer Summly, raised $1 million in funding from Betaworks. The company offers iOS application that allows instant summarization of any Webpage or article.

Invested.in, which operates an interactive platform that enables the users to leverage their social capital to raise financial capital, raised $0.8 million in funding from Amplify.LA, Canyon Capital Advisors, Karlin Ventures, and Siemer Ventures. The company also provides product development services, which include market research, documenting product requirements, and developing wireframes, prototypes, and interaction designs.

Adept Cloud, a developer of a cloud-managed collaboration service, raised $0.7 million in Series A financing led by Entrepreneurs’ Fund III and joined by other private investors, which it plans to use for product development and to run a pilot and early customer implementations of its software. The start-up also launched a pilot version of its secure enterprise collaboration and file access service, which enables businesses to collaborate on sensitive documents without transferring or storing the documents in a third-party data center.

Brazil-based 55social, which operates a designs and develops platform that provides social media marketing solutions, raised an undisclosed amount of Series B funding from Redpoint Ventures. The round reportedly brings the company’s total amount invested in 55Social to more than $10 million.

Lawdingo, which operates an online portal for legal advice, raised an undisclosed amount of seed funding from Stevens Ventures and individual investors. Not out of private beta, Lawdingo.com lets users talk to a lawyer online.

Canada-based Privacy Analytics, a developer of software to help organizations disclose sensitive data without compromising individual privacy for health information custodians, data brokers, and government agencies, raised an undisclosed amount of funding from BDC Venture Capital. The funding follows a round from Ontario Institute of Cancer Research in October 2010.

China-based Shanghai Gsuo Information Technology, a provider of electronic map information and route information services, raised an undisclosed amount of funding from the investments arms of Alibaba Group Holding and Citigroup.

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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