Daily Deal Activity 12/23/13

Digital Media/Commerce


UK-based online marketplace for independent shops StreetHub, has raised $1.2 million in seed funding led by Index Ventures and Octopus Investments, with participation from Playfair Capital and Avonmore Developments. The company plans to use the investment to hire and expand the network of shops.

web search/portals

Community-generated Q&A search engine Answers Corporation, has raised $300 million in funding led by Summit Partners and TA Associates.  The company now operates as a cloud-based platform that sells its Q&A service to other sites.

Marketing Technology

analytics & Reporting

ForeSee Results, a company that provides customer experience analytics, was acquired by Answers Corporation, a provider of cloud-based solutions to enhance customer acquisition and customer engagement for a reported $200 million. The acquisition will enhance Answers’ customer experience analytics technology.

commerce management

6th Street, a provider of eCommerce solutions to the retail industry, has raised $1 million in debt funding led by private investors.

content management

Knewton, a learning platform that customizes standardized educational content, has raised $51 million in funding led by Atomico, with participation from Accel Partners, Bessemer Venture Partners, First Round Capital, and FirstMarket Capital. The funding is the largest investment that the company has received, and brings its total funding to $54 million.

mobile technology


Hightower, a provider of a mobile technology platform that allows landlords and their leasing brokers to track and collaborate on deals in real-time, has raised $2.1 million in funding co-led by Bessemer Venture Partners and Thrive Capital, with participation from RRE Ventures and Red Swan Ventures.

mobile technology, commerce management, financial technology


GoPago, a provider of commerce solutions to merchants and mobile payment platforms for consumers, was sold from Amazon (NasdaqGS:AMZN) to DoubleBeam, a provider of  white-labeled mobile payments technology solutions designed to easily integrate into any existing mobile application or digital wallet. Terms were not disclosed.

security Software

Zimperium, an Israel-based company offering mobile cybersecurity solutions, has raised $8 million in funding led by Sierra Ventures. The company’s solutions serve the telecommunication, government, and enterprise markets.

Agency & Marketing Services

digital agency

Palmer Hargreaves, a full-service integrated marketing communications agency, has raised $6 million in funding led by BGF.

Traditional Media

broadcast television

Three television stations KTVK-TV, KASW-TV, and KMOV-TV, were acquired by media and marketing company Meredith Corp (NYSE:MDP) from Gannett Co. (NYSE:GCI) for $408 Million. The acquisition will allow Meredith to expand its broadcast revenue.

Technology & Communications

search & discovery

Gracenote, a company that maintains and licenses an Internet-accessible database containing information about the contents of audio compact discs and vinyl records, was acquired by Tribune Company (OTCPK:TRBA.A), an operator of a media and entertainment company from Sony Corporation for $170 million.


erp software

Compudata, a Switzerland-based provider of business-to-business supply chain integration and e-invoicing solutions, was acquired for $17.9 million by Descartes Systems Group (TSX:DSG), which provides a SaaS that offers features for scheduling, warehouse optimization, logistics, and messaging.

erp software

Upturn Solutions¸ a company providing computerized maintenance management systems (CMMS) designed for distribution, manufacturing and warehouse environments, was acquired by Dematic, a supplier of systems for the factory, warehouse, and distribution centers. Terms were not disclosed.

hr software

CollaboRate, a company that provides Web-based mobile enabled software as a service solution used for the hiring process, was acquired by HireVue, a company that offers an on-demand digital interviewing platform. Terms 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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