Daily Deal Activity 03/03/15

Digital Media/Commerce

Classifieds/auctions/p-to-p

Online real estate marketplace Auction.com has acquired Channel, LLC, a real estate technology solutions provider that offers a real estate transaction platform. The acquisition will allow Auction.com to accelerate the expansion of its online marketplace to begin selling move-in ready homes. Terms of the deal were not disclosed.

ecommerce

UK-based online retailer of furniture and homewares WorldStores has raised $38.5 million in Series D funding led by Goldman Sachs with participation from Balderton Capital, Ardent Ventures, and Serena Capital. The company has raised $70 million to date and will use the new funding for the creation of an in-house fulfillment fleet for next-day delivery.

gaming

PC and download game discovery site DF Games has been acquire by iWin, developer of a casual gaming suite for online and PC download. The acquisition provides iWin with increased distribution opportunities for reaching larger audiences. Terms of the deal were not disclosed.

mobile content/apps, comparison shopping

Digital media publications network Purch has acquired in-store comparison shopping app developer Consumr. The acquisition will allow Consumr to accelerate the development of its technology while enhancing Purch’s content-commerce portfolio. Terms of the deal were not disclosed.

social media/apps

Nextdoor, developer of a social media network based on geographic proximity, has raised $110 million at a valuation of $1.1 billion from Redpoint Ventures and Insight Venture Partners. The company will use the new funding for experimenting with local advertising.

Digital Advertising

mobile marketing

The Riverside Company has acquired Sound Marketing Concepts, a provider of on-hold marketing messaging services focused on the healthcare industry. The acquisition enhances the service offerings of Riverside’s audio/video marketing company Spectrio. Terms of the deal were not disclosed.

mobile marketing

Small business and consumer cloud telecom services provider YouMail has raised $5.5 million in a round of funding from undisclosed investors. The company will use the new round of funding for expanding its customer base.

online lead generation

Visa has acquired TrialPay, developer of a platform that connects merchants with consumers through targeted promotions. Visa will integrate TrialPay into its product portfolio, and the acquisition will improve the company’s merchant-based customer acquisition and insight solutions. Terms of the deal were not disclosed.

vertical search

Options Away, a company that allow consumers to lock-in flight prices, has raised $3.5 million in Series A funding led by OCA Ventures with participation from Thayer Ventures and Pritzker Group Venture Capital. The company will use the funding for scaling its solutions via sales, marketing, and partnering while expanding into international markets.

Marketing Technology

commerce management, social technology

Service commerce platform developer Booker has raised $35 million in Series C funding led by Medina Capital with participation from First Data, Jump Capital, Signal Peak, Bain Capital Ventures, Revolution Ventures, and Grotech Ventures. The company will use the new round of funding for expanding adoption of its platform while enhancing its product offering.

commerce management

PeachWorks, a provider of solutions to the restaurant management industry, has raised $4 million in Series A funding led by Allos Ventures with participation from Huron River Ventures, Arsenal Venture Partners and Invest Detroit. The company will use the new round of funding for scaling its sales and marketing capabilities while building out is suite of cloud-based tools.

content management

Social media management platform developer Spredfast has raised $24 million in a round of funding from Silver Lake Waterman. The company has raised $88 million to date and will use the new round of funding for enhancing its platform’s technology, expanding internationally, and recruiting talent.

email/messaging software

Sales platform developer ToutApp has raised $15 million in Series B funding led by Andreessen Horowitz with participation from Sigma West, Founder Collective, 500 Startups, and Launch Fund. The company has raised $20 million to date and will use the new round of funding for scaling operations and infrastructure while continuing to expand its capabilities and features.

iModules Software, a developer of constituent engagement management solutions for education institutions, has acquired OrgSync, a provider of student community management solutions. The acquisition will allow the iModule’s to expand engagement leadership to varying stages of constituent life cycles. Terms of the deal were not disclosed.

Agency & Marketing Services

digital agency

Interactive digital communications agency Group DCA, which specializes in multi-channel engagement services for healthcare providers, has been acquired by Haymarket Media. The acquisition enhances Haymarket’s digital offerings as it looks to continue expansion in the healthcare communication sector. Terms of the deal were not disclosed.

Traditional Media

business-to-business

B-to-B tradeshow operator Emerald Expositions has acquired Healthcare Design Conference and Expo and other healthcare and senior living market brands from healthcare digital and print publications firm Vendome. The acquired design brands will become part of Emerald Expositions’ Design Group. Terms of the deal were not disclosed.

broadcast television

Television entertainment firm Cameron Thomson Group has acquired Inception Media Group, a media company that specializes in the acquisition, licensing, and distribution of motion pictures. The acquisition provides Inception with access to capital for expanding its content acquisition and sales and distribution divisions. Terms of the deal were not disclosed.

Software

data management

Hitachi Global Storage Technologies has acquired Amplidata, a developer of object storage software for public and private cloud data centers. The acquisition expands Hitachi’s storage software portfolio and coincides with the company’s strategy of expanding into higher-value data storage platforms. Terms of the deal were not disclosed.

financial

Tax services firm Ryan has acquired Second Decimal, a tax technology firm that develops tax calculation, certificate management, and workflow software applications for automating tax calculations. The acquisition enhances Ryan’s proprietary software development capabilities. Terms of the deal were not disclosed.

infrastructure

Canada-based telecom services provider Mitel Networks Corp will acquire mobile networking software developer Mavenir Systems for $560 million in cash and stock. The acquisition enhances Mitel’s voice call repackaging and data network transmission services as it looks to branch into the VolTE market.

infrastructure

Tempered Networks, a provider of secure connectivity for critical infrastructure and information, has raised $15 million in Series A funding led by Ignition Partners with participation from IDG Ventures. The company has raised $22 million to date and will use the funding for building out its sales, marketing, and engineering teams while expanding its distribution channels.

software development tools

Enterprise-level consumer engagement mobile platform developer CloudMine has raised $5 million in Series A funding led by Safeguard Scientifics (NYSE:SFE) with participation from MentorTech Ventures, DreamIt Ventures, and DeSimone Group Investments. The company will use the funding for expanding its marketing and sales functions.

software development tools

Quality assurance and software testing services provider SLI Global Solutions has been acquired by GLI Group, a provider of gaming testing and professional services. The acquisition enhances GLI’s offerings in government testing and health IT certification. Terms of the deal were not disclosed.

Information

healthcare

Ebix (Nasdaq:EBIX), a provider of on-demand software and eCommerce solutions for the insurance and financial industries, has acquired India-based Via Media Health, a provider of health content and communications. Via Media will be integrated into Ebix’s A.D.A.M Health Information Exchange division, and allows the company to enter the health communications and content exchange market.

Business Services

it consulting/systems integration

Virtualization outsourced management solutions provider Vology has acquired Offsite Technology Solutions, a provider of virtualization and IT services. The acquisition enhances Vology’s engineering and IT network management capabilities. Terms of the deal were not disclosed.

it consulting/systems integration

Subspace, a startup that helps IT departments enable employee productivity with collaboration and data access solutions, has been acquired by Box (NYSE:BOX). Subspace will fully integrate with Box, and the acquisition will expand the security, compliance, and control features of Box’s content and collaboration platform. Terms of the deal 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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