Daily Deal Activity 04/04/14

Noteworthy:

Cable & Satellite television

NUVOtv’s parent company SiTV Media and The Madison Square Garden Company have reached an agreement for SiTV Media to acquire the Fuse cable network from MSG, for $226 million. The Fuse network currently reaches around 22.8 million. Among the other contenders to purchase the network were Sean Combs, who recently expanded into the cable TV business with the launch of Revolt TV.

Digital Media/Commerce

ecommerce

Virtual content marketplace Fantero, which offers stock photos, templates, audio, music, flash, and video files to the design and freelance community, was acquired by Freelancer.com (ASX:FLN), which provides outsourced and crowd sourcing services. Fantero evolved out of BuyStockNetwork, an early pioneer in the virtual content landscape, which later changed its name to Albumo. Terms were not disclosed.

gaming, mobile content/apps

Educational mobile game developer JumpStart, has raised $13 million in debt financing led by Hercules Technology Growth Capital, with participation form Telesoft Partners. The company intends on using the funds to expand its offerings beyond its current brand portfolio with the children and family space.

social media/apps

Bloglovin, a platform that pulls users’ favorite blogs into a single feed, has raised $7 million in Series A funding led by Betaworks, Lerer Ventures, White Star Capital, and Bassett Investment Group.  The company intends on using the funds to recruit new people and accelerate plans to grow the user base across key categories including Fashion, Beauty, Food, and DIY, and introduce new engagement and personalization features.

Marketing Technology

online targeting/optimization, content management

U.K.-based Ceros, which offers a multi-channel content marketing platform that helps retailers and brands increase revenue by influencing customers to buy products, engage, and share content, has raised $6.4 million in funding from Sigma Prime, Starvest Partners, and Greycroft Partners.

Technology & Communications

financial technology

TransEngen, which provides payment processing solutions for the healthcare sector, was acquired by ZirMed, a health information connectivity and management solutions company. The acquisition of Transgen’s solutions complements and expands Zirmed’s revenue cycle management platform. Terms were not disclosed.

financial technology

Wealthfront, an automated investment management platform for individuals, has raised $35 million in funding co-led by Index Ventures and Ribbit Capital, with participation from Social+Capital Partnership, Greylock Partners, and DAG Ventures. The new capital raised will be used to invest in expanding the company’s team and technology, as well as adding new features to its solutions.

Mobile infrastructure

UK-based Nujira, a developer of technology designed to reduce power consumption in smartphone transmitters, has raised $20 million in funding led by Madeus Capital Partners, Climate Change Capital, Environmental Technologies Fund, SAM Private Equity, NES Partners, Investec, and GAM. The company intends on using the funds for working capital to support production of its technology, as well as fund continued development of the its long term product roadmap.  The new capital brings the company’s total funding to $57.8 million.

Software

software development tools

Custom software developer and designer Mantis Technology Group, was acquired by IT solutions provider ProKarma. The acquisition expands ProKarma’s technology and delivery capabilities. Terms were not disclosed.

Information & Business Services

bpo

Xtend Healthcare, which provides revenue cycle outsourcing solution to the hospital market, has received an undisclosed amount of funding from WestView Capital Partners.

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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