Daily Deal Activity 05/21/13

Digital Media/Commerce


U.K.-based online retailer Oki-ni, has been acquired by France-based menswear-focused media and eCommerce group MenInvest. The acquisition is reportedly a key piece of MenInvest’s growth strategy to reach €100 million in revenue by 2016. Terms were not disclosed.

ecommerce, flash sales

Uncovet, a recommendation engine for discounted indie products, has raised $1.3 million in seed funding from Javelin Venture Partners, Siemer Ventures, and Paige Craig. The company offers fashion accessories, home decor, and more, and recommends products to users based on their Facebook activity.

social media/apps

Change.org, which operates as a social network for non-profits and for project-based giving, raised $15 million in funding led by Omidyar Network. This brings the company’s total investments to approximately $20 million. In 2012 Change.org recorded revenues of $15 million, and has grown to over 170 employees in more than 18 countries.

Digital Advertising

online targeting/optimization, analytics/reporting

HasOffers, which provides white-labeled software for networks and agencies to manage their performance advertising programs, has raised $9.4 million in Series A funding led by Accel Partners. The startup, with 79 employees, will use the new investment to expand its engineering organization and accelerate development of its analytics and attribution software tools.

local search

Wanderful Media, a company helping retailers bring consumers into local stores and gives consumers convenient ways to discovery local merchandise, raised another $9 million in funding from existing investors that include Advance Digital, A. H. Belo, Community Newspaper Holdings, Cox Media Group, The E. W. Scripps Company, Gannett, GateHouse Media, Hearst Corporation, Lee Enterprises, MediaNews Group, The McClatchy Company, and The Washington Post. The investment follows the re-launch of the company’s local deal service Find&Save, which allows readers to browse deals aggregated from newspaper circulars, retailers, and other data sources. This brings Wanderful’s total funding to $36 million.

Marketing Technology

commerce management

U.K.-based Brightpearl, a provider of cloud-based software for multichannel retailers, has raised $8 million in Series B funding from return backers Eden Ventures and Notion Capital. Brightpearl intends to use the proceeds to invest in continued enhancements to its platform and expand sales in North America and the U.K.


360 Vantage, a developer of cloud-based mobile sales and marketing systems, was acquired by IMS Health, a provider of information solutions to the pharmaceutical and healthcare industries. 360 Vantage solutions become part of IMS One, the company’s commercial platform that combines IMS Health and third-party data for sales, marketing, and performance management activities. Terms were not disclosed.


PressVote, a provider of modernization solutions for parliaments, assemblies, and legislative bodies, sold its remaining 50 percent stake to Spain-based Scytl, which offers secure online voting and election modernization. Terms were not disclosed. The company’s solution is an electronic platform for parliaments and assemblies that combines a session management system with a vote automation solution, making parliamentary sessions and processes more efficient and transparent.

mobile technology, teleservices/eservices, cloud computing technology

SoundBite Communications (NasdaqGM:SDBT), which provides cloud-based mobile marketing, proactive customer care, and collections/payments solutions, is being acquired by Genesys Telecommunications Laboratories, a provider of customer engagement and contact center solutions. Genesys offered $5 per share for the company, representing an enterprise value of approximately $84.2 million. Based on LTM revenue as of March 31, 2013, the deal values SoundBite Communications at 1.7x revenue. The proposed acquisition will strengthen the Genesys cloud solutions portfolio, building on its recent acquisition of Angel for self-service and contact center solutions.



Swipely, a provider of payment solution for local merchants, has raised $12 million in Series B funding led by Shasta Ventures, with participation from return backers First Round Capital, Greylock Partners, and Index Ventures. Swipely’s solutions help merchants use their credit card payment data to gain a deeper understanding of customer behavior. Customers can also sign up for a loyalty program that’s tied to the card that they already use, and the merchants can then send them targeted messages and offers.



Finland-based Tinkercad, a provider of a browser-based 3D design tool, is being acquired for an undisclosed amount by design software and services company Autodesk (NasdaqGS:ADSK). Prior to the purchase, Tinkercard announced plans to discontinue its solutions to focus on Airstone, an interactive simulation environment, but now Autodesk plans to reinstate the 3D modeling services.


Adaptive Planning, a provider of corporate performance management solutions, raised $45 million in Series D funding led by Bessemer Venture Partners, with participation from return backers Onset Ventures, Norwest Venture Partners, RBC Venture Partners, Cardinal Venture Capital, and Monitor Ventures. The company previously raised approximately $40 million.


Integritas, a provider of electronic medical record software, was acquired by Net Health Systems, which offers clinical information systems in the field of chronic wound care. This marks Net Health’s second acquisition within the past year and was supported by its owners, Spectrum Equity. Terms of the deal were not disclosed.


ConsultingMD, a company operating an online service that connects patients with medical specialists, has raised $10 million in funding from Venrock. The platform gives patients access to top medical experts that provide second diagnosis opinions online.

healthcare, mobile content/apps

Gamgee, a stealthy mobile healthcare startup, has raised $2 million in funding led by Khosla Ventures. The company aims to change the way people get their healthcare questions answered.


U.K.-based Cronto, a provider of secure visual transaction authentication solutions for online banking, was acquired by VASCO Data Security International, a software security company specializing in authentication products and services. The deal is for the entire Cronto stock and will be satisfied with an initial €15 million ($19.3 million) cash payment with a further performance related payment of up to €2 million ($2.6 million).


PrivacyChoice, which offers a series of B-to-B and B-to-C Web and browser-based online tools to help users manage their online privacy, was acquired by Internet and mobile security solutions specialist AVG Technologies (NYSE:AVG).

software development tools

Orchestrate.io, a provider of an API service that eliminates the need to deploy databases when building new applications, has raised $3 million in seed funding led by True Ventures, with participation from Frontline Ventures and Resonant Venture Partners. The company’s solutions are designed to simplify the task of adding geospatial, facial recognition, full-text search, and other interactive features to applications by enabling developers to call a single API.

Information & Business Services

healthcare consulting

Chesapeake Research Review (dba Chesapeake IRB), which provides institutional review board services to pharmaceutical, biotechnology, and medical device companies, universities, academic medical centers, and hospital systems, has been acquired by Audax Private Equity. Madison Capital Funding provided financing to support the transaction, terms of which were not disclosed. Audax plans to work with management to execute a growth strategy focused on organic growth, expansion into adjacent services, and strategic add-on acquisitions.

it consulting/systems integration

Big Sky Analytics, a provider of IBM SPSS predictive analytics consulting services, was acquired by QueBIT, an IBM partner offering business analytics solutions. Big Sky Analytics specializes in the fields of statistical modeling, data mining, and predictive analytics. Big Sky will be merged into an SPSS consulting practice, operating under the QueBIT brand. QueBIT’s existing analytics consulting practice, comprised of engineering and mathematics graduates, will be leveraged as part a broader strategy to significantly grow SPSS software, consulting, and training revenue for QueBIT. Terms of the deal were not disclosed.

it consulting/systems integration

Kalvin Consulting, an SAP and IBM partner specializing in business intelligence consulting and predictive analytics, was acquired by mobile enterprise solutions and services provider Digital Management, for an undisclosed amount. The deal marks Digital Management’s second acquisition, following the purchase of Mission Critical, which offers enterprise mobility solutions to enterprise and carrier customers.


Mortgage U, a provider of mortgage training services, was acquired by Indecomm Global Services, a leader in business process outsourcing and learning solutions. Following the purchase, Indecomm’s new mortgage learning services will be branded as Indecomm-Mortgage U. Terms were not disclosed.


ecommerce, flash sales

Fab.com is raising between $250 million and $300 million in funding, according to the WSJ. Return backer Atomico would be expected to lead the round at a valuation of more than $1 billion, following last year’s $105 million round at a $600 million valuation. Other existing backers include Andreessen Horowitz, First Round Capital, Menlo Ventures, Pinnacle Ventures, SoftTech VC, Thrive Capital, and The Washington Post Co.

it consulting/systems integration

China-based Pactera Technology International (NasdaqGS:PACT), which operates as a consulting and technology services provider offering IT consulting services, research and development, and other outsourcing services, has received a $680.3 million non-binding proposal to be taken private by Blackstone Group (NYSE:BX). The offer is valued at $7.50 per share, while shares closed Monday at $6.90, and would value the company at 1.3x revenue and 11.6x EBITDA.

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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