Daily Deal Activity 07/12/13

Digital Media/Commerce

ecommerce

Whitehawk Ventures  (dba TouchOfModern), an online retailer that sells high-end home goods at discounted prices, has raised $3 million in Series A funding led by Floodgate Ventures, with participation from the startup’s earlier investors Hillsven Capital. To date the startup has sold luxury brand watches, as well as rare finds in furniture.

mobile content/apps

SoThree, the developer of Umano, an app that lets subscribers listen to personalized news (instead of reading it), has raised approximately $1 million in seed financing co-led by Birchmere Ventures and Digital Garage. Umano, which sound like a news broadcast, also learns what listeners like and personalizes articles with its proprietary algorithm.

Digital Advertising

mobile marketing

Spain-based Ideup, a digital business company that develops and implements mobile marketing services, was acquired by Spain-based Wi-Fi group Gowex. Terms were not disclosed.

vertical search

Breakthrough Behavioral, which operates a platform where users can find, book, and talk to therapists online, has raised $5 million in Series A funding led by new investor Social+Capital Partnership, with participation from newcomers First Round Capital and Great Oaks Venture Capital. The company previously raised a $1 million seed round from Kapor Capital, Morado Ventures, and individual investors.

Marketing Technology

sfa/lead management

Racing Snail, which offers a cloud-based tool for insurance companies to track sales data, implement goal-centered incentive plans, and manage sales leads, was acquired by Imprezzio, which also offers IT solutions for the insurance industry. Terms of the deal were not disclosed.

social technology

TwentyFeet, a social media monitoring technology company that helps companies track their social media activities and monitor their results, was acquired by SumAll, which offers a connected data tool. Terms of the deal were not disclosed.

Traditional Media

tv broadcasting

Blue Ant Media, which owns and operates specialty channels and magazines in Canada, has sold a 11 percent equity stake for $4.8 million to venture capital firm Difference Capital Funding (TSXV:DCF). The deal values the broadcasting company at $43.5 million.

consumer magazine publishing

The Chronicle of the Horse, which publishes magazines for the sport horse industry, has been been sold by G.L. Ohrstrom & Co. to the Bellissimo family. Terms were not disclosed.

Technology & Communications

cloud storage

ScaleIO, which develops and provides Web-based data storage solutions such as virtual storage area networks designed for multi-tenant cloud environments, is being acquired by information technology company EMC (NYSE:EMC), which develops a range of information infrastructure and virtual infrastructure technologies. The company was sold by Greylock Partners and Norwest Venture Partners.

cloud storage

India-based Vaultize, a developer of enterprise mobile software for secure file sharing and mobile backup, has received an investment from Tata Capital’s Innovations Fund. The company plans to use the financing to establish operations in the U.S. and Europe in conjunction with channel partners to expand its partner program and to hire into sales, marketing, and engineering roles.

mobile infrastructure

China-based mobile chipmaker Spreadtrum Communications (NasdaqGS: SPRD), is being acquired by China-based Tsinghua Unigroup, at an enterprise value of $1.4 billion, or 1.9x revenue and 11.3x EBITDA. Significant Spreadtrum shareholders include New Enterprise Associates, with a 10.10 percent stake. The buyer, Tsinghua Unigroup, is a subsidiary of Tisnghua Holdings, which engages in IT, energy conservation, and environmental protection, life sciences, technical services, and knowledge industry businesses.

Software

credit/risk management

Active Risk Group, which provides Web-based enterprise risk management solutions, was acquired for $17 million by France-based IT services and communication technologies provider Sword Group (ENXTPA:SWP). Based on LTM financials as of March 31, 2013, the deal values Active Risk at 1x revenue. The company reported a net loss of $0.35 million for the period.

healthcare

Data Strategies, which offers a number of software systems to the healthcare industry, has been acquired by Integrated Solutions Group, a corporation and parent company of Professional Data Services. Terms were not disclosed. The acquisition will grow Integrated Solutions Group’s position in the electronic health records industry as the company will now offer MDSuite, an ambulatory EHR software suite that includes revenue cycle management capabilities in addition to practice and electronic health records management solutions.

healthcare

Prometheus Group, which provides integrated business solution for healthcare organizations, has sold a majority equity stake to TA Associates. Previous investor Morehead Capital exited its investment as a result. Terms were not disclosed. Included in the company’s offerings is home medical equipment/DME billing, physician billing and practice management, healthcare consulting, EMR/PM conversion and adoption, and technology solutions to home medical equipment companies, physician practices, and sleep laboratories.

Information & Business Services

it consulting/systems integration

A Brand New Way, a digital strategy and user experience firm, was acquired by White+Partners Advertising Agency, an integrated social media, marketing, and advertising firm. A Brand New Way specializes in designing, producing, and evolving the interactive component of nationally recognized brands. Terms were not disclosed.

Other

ecommerce

The owners of Hulu – 21st Century Fox, the Walt Disney Company and NBCUniversal – have announced that they will not be selling the streaming-video website as previously reported. Instead, the three companies plan to make a new investment of $750 million and use Hulu’s technology to compete against other online video distributors.

mobile technology

Israel-based Visualead has developed an online platform that allows people or businesses to create customized QR codes, typically integrating a picture with a QR code that can be scanned by smartphones, is raising $5 million in Series A funding. The company already received commitments from several venture capitalists from Israel, and is currently in discussions with investors in China to also back the round. Visualead previously secured $0.75 million from investors including Kaedan Capital.

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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