Daily Deal Activity 01/07/14
January 13, 2014 Leave a comment
DianRong Financial Services, a China-based company that operates an online platform where members can borrow and lend money among themselves at better interest rates, received $12 million in funding led by Northern Light Venture Capital.
Bookish, a company providing a book retail and recommendation site, was acquired by Zola Books, an e-book retailer. Terms were not disclosed.
Discount Ramps, an online retailer of loading, hauling, and transportation products, has sold a majority stake to Rotunda Capital. Terms were not disclosed.
Clearlake Capital Group has acquired a majority stake in PrimeSport, an operator of a sports travel and event management company that offers tickets, travel packages, and hospitality events, from ticket resale company RazorGator. Terms were not disclosed.
Mashable, an operator of an online news community, has raised $13.3 million in funding led by Updata Partners, with participation from New Markets Venture Partners, Social Starts, and individual angel investors. The company provides news, information, and resources that cover digital culture, social media, and technology.
Digital Advertising, ad networks/exchanges
Plista, a Germany-based ad network serving the German-speaking market, was acquired by GroupM, WPP’s global media investment management arm. The acquisition adds on to WPP’s digital specialist portfolio, parallel with Xaxis and Quisma. Terms were not disclosed.
Yomari Information Services, a provider of business intelligence, data warehousing, and analytics solutions to organizations, was acquired by enterprise solutions company Logic Information Systems. Terms were not disclosed.
online targeting/optimization, content management
Mobixell Networks, a developer of mobile data management, network optimization, and media delivery solutions, was acquired by Flash Networks, a company that provides internet optimization and monetization solutions. Terms were not disclosed.
Agency & Marketing Services
Destination Rewards, a customer rewards and loyalty program provider, was acquired by Deluxe Corp. (NYSE:DLX), a company offering marketing solutions to small businesses and financial institutions. Terms were not disclosed.
Technology & Communications
QingCloud, a China-based cloud service provider, received $20 million in Series B funding led by Light Speed China Partners, with participation from Matrix Partners China and BlueRun Ventures. The funding will be used for launching nodes in South China, Asia-Pacific, and North America.
Corente, a developer of software-defined networking technology for wide area networks that accelerates deployment of cloud-based applications and services, was acquired by Oracle (NYSE:ORCL). The acquisition will boost Oracle’s cloud-based software services. Terms were not disclosed.
Relay Technology Management, a company providing data analytics solutions to the life-sciences industry, was acquired by Decision Resources Group, a research and advisory firm focusing on healthcare insights and analytics. Terms were not disclosed.
Cybersecurity startup Morta Security, providing network security solutions, was acquired by Palo Alto Networks (NYSE:PAN), a company that also offers a network security platform. Terms were not disclosed.
Reflexis Systems, a provider of workforce-management software, has raised an undisclosed amount of funding led by Sageview Capital. The company plans to use the investment for product development, sales and marketing, and acquisitions.
Information & Business Services
Business process outsourcing services company Stream Global Services, was acquired by Convergys (NYSE:CVG) for $820 million. Ares Management, Providence Equity Partners, and Ayala Corp were the sellers of the transaction.
Innotrac, a provider of eCommerce fulfillment and customer care services, was acquired by Sterling Partners for $108 million. Innotrac’s common stock will cease trading on NASDAQ and will no longer be listed.
International Journal of Emergancy, a mental health emergency and health crisis research based journal, was acquired by OMICS Group, a peer-reviewed open access journal publisher. The acquisition will allow OMIC to provide resources for research online and will help out to healthcare professionals, scientists and public. Terms were not disclosed.
Full-service staffing company Initio International Holdings, was acquired by Staffing 360 Solutions (OTCQB:STAF), a company that provides international staffing services in IT, financial, accounting, healthcare, and the cybersecurity industries. Initio generated approximately $80 million in revenues (unaudited) during 2013. Terms were not disclosed.