Daily Deal Activity 05/19/14

Noteworthy:

cable & satellite Television

AT&T (NYSE:T) has agreed to acquire DirecTV (Nasaq:DTV), which provides digital television entertainment services, for a reported $48.5 million. Together, the companies will have 26 million pay-tv subscribers, second only to Comcast and Time Warner (who announced plans to merge three months ago).

digital video

Google-owned video service YouTube is reportedly acquiring Twitch, a videogame streaming service, for $1 billion. Twitch would be integrated into Google’s Youtube group. Twitch has raised $35 million in funding from Alsop Louie Partners, Bessemer Venture Parnters, Thrive Capital, Take-Two Interactive, and WestSummit Capital.

Marketing Technology

content management, ecommerce

Sweden-based digital music library for broadcasters and video producers Epidemic Sound, has raised $5 million in Series A funding led by Creandum. The company plans on using the new funds to grow its database.

online targeting/optimization

6Sense, a B2B predictive intelligence engine for sales and marketing, has raised $12 million in Series A equity and debt financing led by Battery Ventures and Venrock, with participation from Silicon Valley Bank.

Digital Media/Commerce

ecommerce

Netherlands-based personalized men’s clothing service The Cloakroom, which delivers hand-picked items to the customer’s doorstep, has raised $2 million in seed funding led by Connect Ventures, with participation from angel investors. The company plans on using the new capital to open local offices across Europe and further build its platform.

social media/apps

Business software review site G2 Crowd, has raised $2.3 million in seed funding led by Chicago Ventures, Hyde Park Venture Partners, and individual investors. The company, which has now raised $4 million in funding to date, plans on using the new capital to grow its platform.

Digital Advertising

comparison shopping

Business travel platform Olset, which allows users to compare travel pricing, has raised $1.1 million in seed funding led by Montage Venture, with participation from 500 Startups, Digital Garage, Plug & Play Tech Ventures, XG Ventures, and Merced Partners. The company plans on using the new capital to launch new features, partnerships, and a new website.

mobile marketing

Mobile advertising serving solutions provider Mocean Mobile, was acquired by programmatic ad selling platform PubMatic, from Mojiva for $15.5 million. Prior to the acquisition, Mocean Mobile raised $45.8 million in funding from Bertelsemann Digital Media Investments, Shamrock Capital Advisors, Pelion Venture Partners, along with individual investors.

Technology & Communications

cloud storage

Japan-based cloud contact management service provider Sansan, has raised $14 million in funding led by DCM, with participation from Innovation Network Corporation, Nikkei Digital Media, Energy and Environment Investment, and GMO Venture Partners. With the new funding the company intends on launching its service in the United States, as well as accelerating expansion into international markets.

enterprise mobility

Divide, which designs and develops enterprise mobile solutions to create a secure workspace on employee devices, was acquired by Google (Nasdaq:GOOG). Divide’s mobile app separates a consumer’s personal data and the corporate data contained on a phone, making it easier for businesses to manage disparate personal devices that consumers increasingly use on the job. Divide will continue to offer its service to existing customers. Terms were not disclosed.

financial technology, mobile technology

Digital wallet and password manager Dashlane, has raised $22 million in Series B funding led by Bessemer Venture, with participation from Rho Ventures, and  FirstMark Capital. The new round of funding brings the company’s total investments to a total of $30 million. The new capital will be used to build out the company’s product and engineering team, as well as expand into Latin America and Asia.

Software

communications software

Austria-based cloud-based unified communications provider VisoCon, has raised an undisclosed amount of funding led by AWS Grunderfonds, with participation from eQventures, i4g, and Tecnet. With the new funding, the company plans on expanding abroad, as well as developing video conferencing products.

data Management, virtualization

Overland Storage (Nasdaq:OVRL), which provides unified data management and data protection solutions, has merged with software virtualization solutions company Sphere 3D Corporation (TSXV:ANY), for $88.7 million at valuation of 1.8x revenue and 4.6x EBITDA. The name of the combined company will be Sphere 3D.

healthcare

Cloud-based clinical operating systems provider NantHealth, has raised $135 million in equity funding from Kuwait Investment Authority. The company has raised nearly $166 million in funding to date, and will use the new capital to accelerate innovation.

Information & Business Services

Business Information

STATS, a company that licenses sports statistics to companies such as ESPN, FOX Sports, and CBS Sports, was acquired by private equity firm Vista Equity Partners, from Fox Sports and the Associated Press. Terms were not disclosed.

other

internet Service provider

Yahoo Japan (TSE: 4689) has abandoned its previously-announced plan to acquire eAccess, a Japan-based provider of mobile Internet services, from SoftBank Corp. (TSE: 9984) for $3.2 billion.

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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