Daily Deal Activity 11/01/13

Digital Media/Commerce

mobile content/apps

Ruckus Media, an interactive children’s multimedia app, education, and retail platform, has sold a 75 percent equity stake to mobile technology company KiwiTech. The company’s latest release, the Ruckus app, entertains children with interactive storybooks featuring favorite brands (Hasbro, Crayola, SeaWorld). Terms of the deal were not disclosed.

niche content

Digital media publisher Spartz, has raised $8 million in Series A funding from Garland Capital Group. This brings the company’s total investments to $9.5 million. Spartz’ digital properties include MuggleNet, a top-ranked Harry Potter fan site that Spartz created at the age of 12. Other properties include trivia site OMG Facts and SmartphOWNED.

social media/apps

Figment, an online writing community for teens, was acquired by Random House Children’s Books. The company’s site allows teens to develop as writers and has shown itself to be an effective marketing and promotional platform for the Young Adult marketplace. Terms of the deal were not disclosed.

Marketing Technology

crm, sfa/lead management

MortgageCEO, a company offering on-demand customer relationship management and marketing automation solutions for the mortgage industry, was acquired by Ellie Mae (NYSE:ELLI), a leading provider of enterprise level, on-demand automated solutions for the residential mortgage industry. Terms were not disclosed.

Traditional Media

traditional outdoor

Citylites USA, an out-of-home advertising company, was acquired by Van Wagner Communications. Citylites USA offers an array of products ranging from backlit and digital signage to cling wraps, sampling, and domination programs. Terms of the deal were not disclosed.

Technology & Communications

networking equipment

CENTRI Technology, a provider of mobile bandwidth optimization and bandwidth management solutions, has raised $13 million in Series C funding from firms that include Angel Valkyrie. The proceeds from the round will be used to further accelerate the expansion and deployment of CENTRI’s BitSmartCX solution to global mobile network operators, as well as contribute to the growth of its product development, support, and sales teams.


application management

(10/30/2013) ServiceMesh, an enterprise cloud application management solutions company, was acquired by Computer Sciences Corporation (NYSE:CSC). The deal is valued at approximately $300 million, including a $158 million upfront cash payment plus up to $137 million in contingent earn-out payments based on certain performance targets. ServiceMesh raised $15 million from Ignition Partners in late 2011.

application management

Finland-based CAD-Expert, which develops software for computer-aided design, has been acquired by Finland-based Cad-Q, an Addnode Group (OM:ANOD B) subsidiary offering 2D, 3D CAD, and data management solutions. Terms of the deal were not disclosed.

erp software

Procurian, a procurement solutions company, was acquired by Accenture (NYSE:ACN) for $375 million. The company’s source-to-pay procurement tools were designed to meet the needs of category strategy and planning, sourcing, implementation, contracting and contract management, transaction management, and supplier relationship management. Based on LTM financials as of June 30, 2013, the deal values Procurian at 2.7x revenue and 20.9x EBITDA.


CLC bio, a provider of bioinformatics software with a focus on sequencing, has been acquired by Qiagen, a Netherlands-based holding company providing sample and assay technologies used to transform biological materials into valuable molecular information. Terms were not disclosed.

networking equipment

Kumu Networks, a developer of technology that was designed to increase the capacity of wireless networks, has raised $15 million in Series B funding. Third Point Ventures led the round, and was joined by return backers NEA and Khosla Ventures.

Information & Business Services

healthcare information

(10/31/2013) Catalina Health, a division of Catalina Marketing offering medication adherence services that help patients to stay on prescribed chronic drug therapy, was acquired by Adheris, an inVentiv Health company also providing education and adherence programs. Both companies work through pharmacies across the country to deliver adherence communications to consumers. Terms of the deal were not disclosed.

it consulting/systems integration

PCO Innovation, an international consulting and systems integration group that specializes in product lifecycle management software technologies, has been acquired by Accenture (NYSE:ACN). The acquisition will strengthen Accenture’s ability to help clients organize, develop and manage new products and services throughout their lifecycle and bring them to market more quickly and efficiently. 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.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: