Daily Deal Activity 02/08/13
February 14, 2013 Leave a comment
MyTime, a new online booking platform for appointment-based businesses, has raised approximately $3 million in funding led by GRP Partners.
online lead generation, comparison shopping
CoverHound, which operates an online auto insurance comparison shopping engine, raised $4.5 million in Series A funding led by RRE Ventures. The round was joined by Bullpen Capital and existing investor Blumberg Capital, and brings the company’s total funding to date to $6.5 million.
AlchemyAPI, a product of Orchestr8, which provides semantic tagging and text mining solutions, helping companies enhance, understand, and better-leverage their textual information assets, has raised $2 million in funding led by Access Venture Partners. The company will use the new money to extend the capabilities of its deep learning technology that applies artificial intelligence to read and understand Web pages, text documents, emails, tweets, and other forms of content.
The assets of KSEE24, the NBC affiliated television station in Fresno, California, was acquired by Nexstar Broadcasting, a subsidiary of Nexstar Broadcasting Group (NasdaqGM:NXST). Terms were not disclosed.
Parlophone Label Group, a music record label company, is being acquired by music content company Warner Music Group, from Universal Music Group. The Parlophone Label Group, formerly a part of EMI Music, includes a range recording and classic and contemporary artists spanning a wide array of musical genres. Terms were not disclosed.
Batterii, which operates an enterprise SaaS platform that empowers businesses and teams to accelerate collaboration on new products and ideas, raised $2.5 million in a seed round of funding led by CincyTech, which contributed $0.5 million to the round.
360Fresh, a company providing clinical analytics software tools for medical records, was acquired by The Advisory Board (NasdaqGS:ABCO). The company transforms large medical records data into actionable knowledge for health systems and payors. Its products include Pulse360, a product that collects actionable information from available data to identify and risk stratify patient populations, and Track360, a software portal and care coordination workflow for communication internally amongst clinicians on high-risk patients that need education, support, and intervention. Terms of the deal were not disclosed.
Illumio, a stealth-mode cloud security startup, has raised $8 million in Series A funding in a round led by Andreessen Horowitz, with participation from Juniper Networks’ Junos Innovation Fund.
network infrastructure software
Big Switch Networks, a maker of software-defined networking technologies that are designed to bring the benefits of virtualization to enterprise private clouds and campus LANs, has raised $6.5 million from Intel Capital. The investment follows a $25 million Series B round that the company announced in October 2012. Traditionally, networking equipment has been powered by processors and other components that are custom-designed by the equipment vendor, but in recent years, the industry has been moving toward selling equipment with merchant silicon from companies like Intel and Broadcom to power networking equipment. Big Switch Networks’ solutions give those switches the software to handle virtual environments with rapidly-changing network connections.
Information & Business Services
JAWOOD Business Process Solutions, which provides information technology (IT) consulting services to the healthcare payor industry, has been acquired by Genpact (NYSE:G), a business process and technology management services company. The transaction also includes Genpact’s purchase of India-based Felix Software, a key subcontracted service provider to JAWOOD. Terms of the deal were not disclosed.
Canada-based Investor Economics, which provides business intelligence data and research for banks, asset managers, and brokerages, is being acquired by Austin Venture-backed Asset International, which owns and operates publishing, email, newsletter, and education portals focusing on retirement and international securities services industries. The deal is reportedly valued between $20 million to $25 million.