Daily Deal Activity 12/18/12


Media and marketing information services company Arbitron (NYSE:ARB), which offers syndicated radio ratings services to radio broadcasters, advertising agencies, and advertisers, has agreed to be acquired for $1.26 billion in cash by Nielsen Holdings (NYSE:NLSN), a leading information and measurement company. The $48 per share offer is 26 percent higher than Arbitron’s closing price yesterday, and values the company at 2.7x revenue and 9.3x EBITDA.

Credant Technologies, a provider of data protection solutions to control, manage, and secure data sent from endpoints – particularly smartphones – to servers, storage, and the cloud, has reached an agreement to be acquired by Dell (NasdaqGS:DELL). The purchase, which follows Citrix’ recent $355 million acquisition of Zenprise, points to further consolidation of the mobile device management market. Terms of the deal were not disclosed.

Swiss Watch International, an online retailer of watches, accessories and apparel, was acquired for an undisclosed amount by Clearlake Capital. Swiss Watch International runs a number of Websites, including WorldofWatches.com, eWatches.com, TheWatchery.com, and SmartBargains.com. Debt financing was provided by GSO Capital Partners and PNC Bank.

Following its recent purchase of U.K.-based social and experiential marketing firm Outside Line, Publicis Group (ENXTPA:PUB) has announced its acquisition of Monterosa, a mobile agency with offices in Sweden (where it’s headquartered), New York, and Singapore. The company, which was founded in 2009 and has 30 staff, will be integrated with Bartle Bogle Hegarty. Terms were not disclosed.

Mobile marketing platform provider MobiVite, was acquired by One97 Communications, a mobile internet services firm, from technology start-up Srishti TechNet. The company’s platform uses cloud computing technology to enable small businesses and marketing agencies to create mobile Websites and execute engaging mobile Web campaigns. Terms were not disclosed.

Plantro and Seastone Investments have submitted a take-over bid to acquire the remaining 76 percent stake in Canada-based OneMove Technologies (RSXV:OM), which provides an online platform for real estate transactions. The companies have offered $4.1 million, which would value OneMove Technologies at 2.0x revenue and 12.1x EBITDA.

Creative Health Concepts, a boutique healthcare consulting firm, was acquired by WeiserMazars, an accounting, tax, and advisory services firm. The company specializes in providing managed care related services to payers, providers, and private equity firms, including network development, contracting, credentialing, and executive search. The merger expands WeiserMazars Healthcare Practice with the addition of its two key executives and team of nine professionals. Terms of the deal were not disclosed.

Grasp, a provider of analytics and business intelligence software solutions, was acquired by The Rainmaker Group, which offers revenue management and profit optimization solutions to the multifamily housing and gaming/hospitality industries. Terms were not disclosed.

Canada-based Precision Systems Group, an IT recruitment firm which specializes in delivering recruitment solutions in three distinct areas – IT contract staffing, permanent staffing, and recruitment process outsourcing, was acquired by Canada-based Diabsolut, a strategic workforce management and business solutions provider. Under the terms of the agreement, PSG’s entire operations will be consolidated into the Diabsolut services portfolio as project and contract resourcing, mainly focused on IT contract recruiting. Terms were not disclosed.

Australia-based iFinity, a Website and software development company, was acquired by DotNetNuke, the Silicon Valley company behind a Web content management platform for Microsoft .NET. Financial terms of the deal were not disclosed, but all of the available iFinity software products IP will be transferred to DotNetNuke.

G3 Technology Partners, which delivers custom-tailored tools and solutions for fixed and mobile operators, Fortune 500 companies, and humanitarian service organizations, has been acquired by ConvergeOne, a provider of integrated data, communication, and customer interaction solutions. G3 Technology Partners’ offers include a wide range of offerings including design, development, integration, implementation, support, and management of converged voice and data solutions. Terms were not disclosed.


Cloud-enabled storage solutions developer Exablox, has emerged from stealth with $22 million in Series A and B funding. The company’s new storage technology is aimed at midsized companies that are overloaded with data but can’t afford to hire storage specialists to solve the problem. Exablox’ Series A, which was approximately $7.5 million, was led by Norwest Venture Partners and DCM, while US Venture Partners led the Series B.

Grockit, which develops online social, collaborative, and personal learning programs, raised $20 million in Series E funding led by Discovery Communications, with participation from earlier investors Summit Group, Atlas Venture, Benchmark Capital, Integral Capital Partners, and GSV Capital.

Fruition Partners, a cloud service management firm offering both IT consulting and tools to improve companies’ IT performance, raised $12 million in Series A funding led by Trident Capital. The new money will be used to build a sales force and to continue building connectors between various clouds such as Workday and Salesforce.com.

Nor1, a developer of data-driven upsell solutions, raised $9 million in Series B funding led by Concur (Nasdaq:CNQR), with participation from Accel Partners and Goldman Sachs. The company’s data-driven pricing and merchandising solutions are intended to maximize revenues for hotels and resorts.

Catbird Networks, one of the earliest virtualization-focused security companies, raised $2.1 million in funding from Medina Capital, a new venture firm run by former executives of Terremark Worldwide. The investment is the first tranche of a larger investment by Medina Capital to come at a later date. The company’s tools provide a range of network security functions, such as network access control, firewall, and vulnerability management.

IntroHive, which markets cloud-based software that enables organizations to analyze enterprise data to create personal introductions to sales prospects, raised $1.8 million in funding co-led by GrowthWorks Atlantic Venture Fund and the New Brunswick Innovation Foundation. The round brings IntroHive’s total financing to $3 million.

Cloud security startup CipherGraph Networks, which offers a VPN service that enables secure and regulated network access to a cloud or physical data center from all mobile devices, raised an undisclosed amount of capital from Social+Capital Partnership, to use to boost engineering and marketing efforts.

German jewelry-customization company Pearlfection, has raised a growth round of funding in the low-seven-digit Euro range from existing shareholders including Berlin Ventures and management, with ERP Start Fonds of KfW also participating. Pearlfection produces custom jewelry, which a user customizes and configures using an Internet-based design tool provided on the company’s Website.

ServiceMax, a developer of cloud-based field-service management applications, received additional funding provided by Adams Street Partners to close out the company’s $27 million Series D round. Also participating in the round were Crosslink Capital and existing investors Emergence Capital Partners, Mayfield Fund, and Trinity Ventures. The company has now raised at least $52 million.

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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