Daily Deal Activity 01/16/15

Digital Media/Commerce

ecommerce

Germany-based wideIn.de, an online retailer and flash sales platform for baby products, has raised $52 million in a round of funding led by Goldman Sachs with participation from DN Capital. The company will use the new capital for expanding its product portfolio, continuing its geographic roll-out, and targeting new acquisitions.

mobile content/apps

Fitness subscription service ClassPass has raised $40 million in a round of funding from General Catalyst Partners and Thrive Capital. The company has raised $55 million to date and will use the new round of funding for accelerating growth and expansion into new cities while expanding its reach to international markets.

mobile content/apps

Mobile customer engagement application developer Front Flip has been acquired by video network operator Shoutz. The acquisition will allow Shoutz to develop a social video network for its mobile engagement platform. Terms of the deal were not disclosed.

niche content

Media company Daily Secret, a provider of curated lifestyle content for young professionals, has acquired Germany-based sugarhigh, developer of an email magazine and website. The acquisition will allow Daily Secret to scale business in Germany. Terms of the deal were not disclosed.

Marketing Technology

market research

SocialCrunch, a collector of consumer sentiment data through quizzes and games, has been acquired by Tastebud, developer of a mobile loyalty application for retailers. The acquisition will help Tastebud move its mobile loyalty solutions to the physical retail space. Terms of the deal were not disclosed.

mobile technology

Sense360, which helps app developers build personalized experiences for enhancing customer engagement, has raised $2.8 million in a round of funding led by FirstMark Capital with participation from Founder Collective, Qualcomm Ventures, Avenue A, and Double M Partners. The company will use the new round of funding for product development.

mrm/workflow management

UK-based employee reward and recognition platform WorkAngel has raised $5 million in Series A funding from private investors. The company will use the new funding for launching its product out of beta testing.

search & Discovery

India-based missed call marketing platform ZipDial has been acquired by Twitter for $35 million. The acquisition expands Twitter’s investment in India while helping the company reach potential customers that have no connection to data outside of WiFi.

Traditional Media

b-to-b media

Event and digital information company iNet Interactive, which services the cloud, hosting, and data center segments, has been acquired by professional information services company Penton. The acquisition coincides with Penton’s strategy of growing event and digital/data-anchored positions. Terms of the deal were not disclosed.

consumer book publishing

Printing services provider Quad Graphics (NYSE:QUAD) has acquired Courier Corporation (NYSE: CRRC), a provider of book manufacturing, publishing, and content management solutions. Terms of the deal were not disclosed.

consumer magazine publishing

Automotive magazine and media publisher AutoBeat Group has been acquired by publishing company Gardner Business Media. The acquisition will allow Gardner to form a new automotive group with the added addition of the Automotive Design & Production magazine. Terms of the deal were not disclosed.

Software

enterprise mobility

Enterprise-level artwork and label management software developer Blue! Software has been acquired by Diversis Capital from Matthews International (Nasdaq:MATW). Blue! will continue product development under Diversis, and the acquisition will enhance Blue!’s research and development initiatives. Terms of the deal were not disclosed.

erp

Home delivery management and optimization software developer Axida has been acquired by Paragon Software Systems, a provider of vehicle routing and scheduling optimization solutions. The acquisition enhances Paragon’s home delivery solutions portfolio. Terms of the deal were not disclosed.

software platform

Israel-based Insert, developer of a stealth mode software platform for facilitating mobile app deployment, has raised $5 million in a round of funding from private investors. The company will use the new capital for hiring developers and product managers for completing its beta launch.

Business Services

bpo

Outsourced finance and accounting services provider Consero Global Solutions has raised $5 million in a round of funding from Kayne Partners. The company will use the new capital for investing in its suite of software, expanding into new geographies, and growing its infrastructure.

it consulting/systems integration

Insurance-based IT solutions company Discoverture Solutions has been acquired by IT solutions provider Mindtree for $15 million. The acquisition expands Mindtree’s geographic presence while enhancing its insurance sector- related solutions portfolio.

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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