Daily Deal Activity 04/08/14

Digital Media/Commerce

classifieds/auctions/p-to-p

Trainlete, a website that connects sports enthusiasts with personal trainers, was acquired by Bookacoach, an online marketplace for booking sports lessons. The deal includes the acquisition of Trainlete’s technology and online coaching resources. Terms were not disclosed.

ecommerce

Subscription-based eCommerce site ePantry, has raised $1.4 millionin funding led by individual investors, with participation from TPG Capital and Toro Investment Partners.  The site provides users with customized ongoing delivery of branded sustainable products (e.g. laundry detergent, paper towels, and soap).

niche content, newspaper publishing

Online news and newspaper publishing company Anchorage Daily News, was acquired by Alaska Dispatch Publishing, which also provides online news, for $34 million. The purchase includes the newspaper and ADN.com.

social media/apps

Canada-based Wattpad, which operates an online community of readers and writers, has raised $46 million in Series C funding led by OMERS Ventures, with participation from August Capital, Raine Ventures, Northleaf Ventures Catalyst Fund, Union Square Ventures, Khosla Ventures, Google Venture Partners, and individual investors. The new funding will be used to hire staff members to help grow and manage the community. Wattpad has raised $66.8 million in funding to date.

Digital Advertising

digital video

Israel-based Beamr, which provides image and video optimization technology, has raised $9.5 million in funding led by Marker and Innovation Endeavors. The new capital raised will be used to accelerate development of the company’s products, as well as expand sales and marketing efforts internationally.

mobile marketing

Social promotion and mobile marketing solutions provider Closely, has raised $3 million in Series A funding from Grotech Ventures, with participation from Steadfast Venture Capital and CNF Investments. The company intends on using the funds to build out its SMB platform and expand support for small businesses in North America.

vertical search, hr software

Italy-based job search engine operator Jobrapido, was acquired by Symphony Technology Group (STG), a private equity firm focused on investing in software, Internet services, and technology-enabled business services, from UK-based Daily Mail Group. The addition of Jobrapido to STG’s portfolio expands the firm’s current holdings in the online recruiting and talent management space including First Advantage and Findly. Terms were not disclosed.

Marketing Technology

analytics & reporting

Trinity Pharma, a provider of cloud-based data, analytics, and mobile solutions for the life science industry, has raised $4 million in Series A funding led by Milestone Venture Partners. The new capital raised brings the total round to $19 million, which includes a $15 million first close last December from Health Enterprise Partners.  The round of funding will enable Trinity Pharma to further develop its platform and accelerate its growth strategy.

sem/seo tools, search marketing

Israel-based Kenshoo, a provider of a search engine marketing platform for campaign management to agencies, has raised $20 million in funding, which reportedly values the company somewhere between $400 and $500 million. The investment was led by Bain Capital Ventures, with participation from Tenaya Capital, Sequoia Capital, and Arts Alliance. The company has raised $49.7 million in funding to date, and plans on using the new capital to expand internationally.

Agency & Marketing Services

General agency

South Africa-based OwenKessel, which provides full range of communications services, which includes consulting, creative, online marketing, social media, and branded content, was acquired by advertising and communications company Publicis Groupe (ENXTPA:PUB). The acquisition will enable Publicis to expand its presence in South Africa. The agency will be merged with the Publicis Groupe Africa network. Publicis continues to expand its footprint on the continent. The agency also acquired Lighthouse Digital in February, AML in January 2014, and Synergize in December 2013. Terms were not disclosed.

design agency

Web design agency Mark Boulton Design, was acquired by Monotype Imaging Holdings (Nasdaq: TYPE), a leading provider of typefaces, technology, and expertise for creative applications and consumer devices, for $1.8 million. With the acquisition, Monotype gains recognized capabilities in Web design and Web publishing.

Traditional Media

entertainment media

Azoff MSG Entertainment, the joint venture between Azoff Music Management and the Madison Square Garden Company, has acquired a 50 percent stake in celebrity and music procurement firm Burns Entertainment.  Terms were not disclosed.

entertainment media

UK-based Eagle Rock Entertainment, an independent producer and distributor of music programming, was acquired by Universal Music Group. The acquisition will also allow Universal to expand into original video content. Terms were not disclosed.

Software

collaboration software, video communications

Altia Systems, which develops systems for video and Web collaboration, has raised $10.5 million in Series B funding led by Intel Capital.  The company will use the newly raised funds to further develop its system and advance the technology. The new capital brings Altia Systems’ total funding to $17.2 million.

engineering software

Netbrain Technologies, which provides software solutions to network engineers to map, analyze, and troubleshoot enterprise and service provider networks, has received a minority investment from Summit Partners.

Product/price SOFTWARE

Germany-based IHS, a provider of technology and marketing solutions to the global hotel industry, has acquired InnLink, a company offering central reservations solutions. The combination enables both companies to leverage their complementary strengths by capitalizing on their product, client, and market synergies. Terms were not disclosed.

legal software

Datacert, a developer of enterprise legal management software solutions for corporate legal departments, law firms, and other legal service provider, was acquired by legal information services provider Wolters Kluwer Corporate Legal Services, for $290 million. Wolters Kluwer’s intends to combine Datacert’s business with another company it owns, TyMetrix.

legal software

Case management and business process management software provider MicroPact, has raised an undisclosed amount of equity funding from Enlightenment Capital.

legal software

Smart Data, which provides e-discovery tools and services to law firms, corporations, and government agencies., was acquired by Xerox Corporation (NYSE:XRX), which provides business process and document management solutions. Terms were not disclosed.

security software

Sweden-based Cryptzone (Stockholm: CZON-B), a provider of encryption, identity and access management solutions, was acquired by venture capital and private equity firm Medina Capital, reportedly for $15 million.

security software

Global DataGuard, which provides unified enterprise security solutions to prevent data leakage for business process and document management solutions, was acquired by Masergy Communications, which offers managed networking services and cloud communications for businesses.  Terms were not disclosed.

security software

Metaforic, a developer of security and IP protection software solutions, was acquired by INSIDE Secure (ENXTPA:INSD), which provides integrated circuits, embedded software, and platforms for secure transactions and digital security applications. Metaforic will be integrated within INSIDE Secure’s Mobile Security division. The deal is reportedly valued for $16 million.

Information & Business Services

bpo

HelpSystems, a provider of systems management, security, and business intelligence software, has acquired Network Automation (NAI), a provider of a IT and business process automation platform that provides process automation for financial services, banking, and insurance; technology companies; healthcare organizations; government agencies.  Terms were not disclosed.

healthcare information

Healthcare information technology provider Ability Network, which raised $550 million in funding led by Bain Capital Ventures, with participation from Lemhi Ventures.

hr consulting

Workforce Insight, a provider of strategic workforce management consulting, analytics, and managed services, has received an undisclosed amount of funding led by Baird Capital.

it consulting/systems integration

Warburg Pincus has acquired a majority stake in Dubai-based Mercator, a provider of tech-enabled outsourcing solutions to the global aviation industry, from Dnata (which will retail a minority stake). Terms were not disclosed.

marketing data, database/analytics

Datalogix, which engages in building purchase-based digital audiences and predictive consumer data models to drive online and offline sales, has raised an undisclosed amount of funding from Breyer Capital. The company has raised $45.1 million in funding to date.

marketing data

NetProspex, which provides marketing data management, has raised $13 million in Series C funding led by Spring Lake Equity Partners. The new capital raised brings the company’s total funding to $27 million.

market research

Market Metrix, which provides Web-based feedback solutions for the hospitality industry, was acquired by Clarabridge, a provider of customer experience management solutions for brands. The acquisition marks Clarabridge’s first purchase since raising $80 million in September from Summit Partners. 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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