Daily Deal Activity 09/23/13

Digital Media/Commerce

social media/apps

AngelList, which operates a community where startups can meet investors and talent, has raised $24 million at a valuation in the $150 million range. Atlas Venture and Google Ventures helped lead the round, which included participation by more than 100 other institutions and individuals. Among the more notable names are Kleiner Perkins Caufield & Byers, and Draper Fisher Jurvetson.

social media/apps, content management

Flipboard, which offers a social magazine designed for the iPad, has raised $50 million in funding at a $800 million valuation. The round was led by Rizvi Traverse Management and Goldman Sachs. The company creates a magazine out of a user’s social content, extracting, categorizing, and featuring relevant content from across a variety of social networks.

social media/apps, ecommerce

Social commerce company The Fancy, operated by Thing Daemon, has raised $7 million from Richard C. Perry, bringing the total of the company’s Series C investment round to $60 million. The Fancy has now raised more than $75 million.

Digital Advertising

ad networks/exchanages

Complex Media, which operates an advertisement network for style- and trend-focused young men, has raised $25 million in funding from new investor Iconix Brand Group. The company will use the infusion of capital to expand content, particularly video, and invest in infrastructure and technology, with a focus on developing a multi-platform content management system. The company also plans to launch an eCommerce platform.

Marketing Technology

content management, mobile technology

Snaps!, a mobile app that lets users place virtual branded content into their own digital photos, has raised $2.25 million in angel funding. Backers include Steve Kantor, Ben Barokas, and Jonathan Carson. The company’s photo driven mobile platform connects brands with consumers by creating engagement in the mobile and social space.

content management

Israel-based Visualead, a startup that incorporates QR codes into existing digital images, has raised $1.6 million in Series A funding led by Kaedan Capital and Entrée Capital.

content management

Spain-based startup Mobincube has closed a €0.7 million ($0.9 million) seed round for its drag and drop, Web-based app builder that lets non-developers build their own mobile apps using a series of templates. The round was led by early stage venture capital firm Inveready.

Technology & Communications

data center technology, managed services

Pivot Data Centres, a provider of co-location data center solutions in western Canada, was acquired for C$155 million ($150.7 million) by Rogers Communications (NYSE: RCI), which operates as a communications and media company in Canada, from Sverica International.

financial technology

Official Payments Holdings, which provides electronic payment solutions in the United States, Puerto Rico, and the District of Columbia, was acquired for $139.7 million by electronic payments solutions provider ACI Worldwide (NasdaqGS:ACIW). The deal values Official Payments Holdings at $99.4 million, or 0.7x revenue and 26.7x EBITDA.

networking equipment

STM Group, which designs, develops, manufactures, and supplies satellite and cellular wireless network systems for mobile and fixed Internet protocol-based telephony, and data and multimedia applications, was acquired for an undisclosed amount by Emerging Markets Communications, a provider of satellite and terrestrial communications for energy industry, mobile network operators, carriers, governments, NGOs, and enterprises. Terms were not disclosed.

telephone equipment

A consortium led by Fairfax Financial have announced a $9 per share offer to purchase Canada-based BlackBerry’s (TSX:BB) outstanding stock in a deal worth $4.7 billion. The $9 per share price is a slight premium over its current stock price, which traded at $8.23 before it was halted pending the news. Fairfax Financial already owns about 10 percent of the company’s stock. BlackBerry’s board has approved the transaction, and a letter of intent has been signed. For the LTM periofn ending June 1, 2013, BlackBerry recorded $1.3 billion in EBITDA on $11.4 billion in revenue.

Software

financial

Cloud9 Analytics, a provider of revenue performance data analytics, has raised $12 million in Series D funding from return backers Mayfield Fund, InterWest Partners, and Leapfrog Ventures.  In other C9 news, the company has named Michael Howard, ex-VP of marketing at Greenplum, as its new CEO. Cloud6 Analytics’ solutions help organizations to analyze and optimize revenue across marketing, sales, service, and support.

healthcare

Greenway Medical Technologies (NYSE:GWAY), , which develops integrated IT solutions and managed business services to ambulatory healthcare providers, is being acquired by Vista Equity Partners for $20.25 per share or $644 million. The deal values Greenway Medical Technologies at 4.8x LTM revenue. Following the closing of the transaction, the Vitera and Greenway businesses will serve approximately 13,000 medical organizations and 100,000 providers.

healthcare, mobile technology, healthcare information

Israel-based medical compliance company Medisafe Project, which makes a smartphone application that reminds people to take prescribed medicines on the schedules outlined by their doctors, raised $1 million in funding from Israeli venture firms TriVentures and Lool Ventures, which specialize in health-care companies and mobile-technology startups, respectively. Medisafe keeps data about medication adherence among its users, and returns this anonymized information to pharmaceutical companies.

Information & Business Services

bpo

CapMan has sold its 86.8 percent equity stake in Nice Entertainment Group, a pan-Nordic TV content production company, to Sweden-based Modern Times Group for €84.4 million ($113.9 million). Nice Entertainment Group reported annual revenues as of June 30, 2013 of €121.1 million ($157.4 million), with an EBITDA of €8.1 million ($10.5 million).

financial information

AIQ, which provides online database of registered investment advisors on the market, raised an undisclosed amount of funding from Stonehenge Growth Capital.

it consulting/systems integration

CelPro Associates, a mobile systems integrator and managed services provider, was acquired by Breakthrough Technology Group, a cloud and managed services provider. CelPro will become BTG’s mobility division. As BTG Mobility, CelPro will continue to offer services including multiple platform monitoring and support, mobile device management, bring your own device, policy and program development, software and solution design, mobile application development and deployment, architecting and best practice consulting, proof of concept, pilots and demos, as well as wireless deployment management. Terms of the deal were not disclosed.

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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