Daily Deal Activity 04/03/15 – 04/06/15

Digital Media/Commerce

classifieds/Auctions/p-to-p

Kidizen, operator of an online marketplace for buying and selling kids’ clothing, has raised an undisclosed amount of funding from Sophia Fund. The company will use the new round of funding for developing its mobile app.

classifieds/Auctions/p-to-p

Mobile sports platform developer OneUp Sports has acquired Tixers, an intermediary ticketing outlet for season ticket holders, fans, and businesses. The acquisition expands OneUp Sports ticketing capabilities and mobile fan engagement platform. Terms of the deal were not disclosed.

ecommerce

Educents, operator of an online marketplace for education instructional materials, has raised $2.9 million in a round of funding led by SoftTech VC with participation from Crosslink Capital, Deep Fork Capital, and Kapor Capital. The company will use the new round of funding for expanding its team and footprint among schools and districts.

ecommerce

TZP Group has acquired a majority stake in envelopes and custom stationary eCommerce company Envelopes.com. The acquisition provides Envelopes with the resources to drive customer acquisition, introduce new products, penetrate new markets, and pursue acquisitions. Terms of the deal were not disclosed. (A Petsky Prunier led transaction)

ecommerce

IronPlanet, an online marketplace for heavy equipment and trucks, has merged with Cat Auction Services, a marketplace affiliate of Caterpillar. IronPlanet has raised over $70 million from Accel Partners, Kleiner Perkins Caufield & Byers, and Windspeed Ventures. Terms of the deal were not disclosed.

ecommerce

SeatGeek, a mobile platform for sports and concert tickets, has raised $62 million in Series C funding led by Technology Crossover Ventures with participation from Accel Partners, Causeway Media Partners, and Mousse Partners. The company has raised $103 million to date and will use the new funding for expanding its consumer marketing efforts.

gaming

Codefights, developer of an online platform for coders and developers to compete against each other in coding games, has raised $2.4 raised in a round of funding from Felicis Ventures and Sutter Hill Ventures.  The company will use the new round of funding for expanding the content selection of its site.

mobile content/apps

Fantasy sports site DraftKings has raised $250 million at a valuation of $900 million in a round of funding from Walt Disney Company (NYSE:DIS). The funding comes with a commitment by DraftKings to spend $500 million in advertising on ESPN platforms as the company looks to compete with main rival FanDuel for market share.

mobile content/apps

LinkedIn has acquired predicative insights and information mobile app developer Refresh.io. The acquisition bolsters LinkedIn’s anticipatory information technology as it looks to acquire talent. Terms of the deal were not disclosed.

mobile content/apps

Shyp, developer of a mobile app for shipping almost anything, has raised $50 million in a round of funding at a valuation of $250 million from Kleiner Perkins Caufield & Byers. The company will use the new round of funding for expanding geographically.

Digital Advertising

mobile marketing             

Latin America-based Facebook marketing platform Ezlike has been acquired by high-frequency marketing operating system developer Gravity4. The acquisition is Gravity4’s eighth in nine months and the company will integrate Ezlike into its existing native advertising platform. Terms of the deal were not disclosed.

Marketing Technology

content management

Content creative services, distribution, and monetization services provider Content Fleet has been acquired Germany-based out-of-home and online advertising services firm Stöer Media. The acquisition marks Stöer’s expansion into the owned-media area. Terms of the deal were not disclosed.

mobile technology

Supply chain solutions provider Satellite Logistics Group, which focuses on the beverage industry, has acquired AnotherRound Apps, a developer of mobile software solutions. The acquisition provides Satellite Logistics Group customers with enhanced visibility solutions. Terms of the deal were not disclosed.

Agency & Marketing Services

digital agency

Strategy consulting services provider Axia has been acquired by Accenture (NYSE:ACN). The acquisitions will strengthen the cost management and organizational consulting capabilities of Accenture’s strategy division. Terms of the deal were not disclosed.

loyalty/retention

Member-based loyalty program platform developer RewardsNOW has been acquired by Augeo, developer of an engagement, loyalty, and incentive platform. The acquisition expands Augeo’s international loyalty and engagement capabilities. Terms of the deal were not disclosed.

public relations

Canada-based public strategy and communications firm Navigator has acquired public relations and media relations firm Playbook Communications. The acquisition broadens Navigator’s government agency customer-base as it looks to expand its public affairs offerings. Terms of the deal were not disclosed.

social agency

Influencer marketing and advocacy activation company Social Media Link has been acquired by online flower delivery service provider From You Flowers. The acquisition expands From You Flowers’ digital portfolio as it looks to further engage online customers. Terms of the deal were not disclosed. (A Petsky Prunier led transaction)

Software

collaboration

Developer and engineer collaboration platform developer TenXer has been acquired by Twitter for an estimated $50 million. The acquisition bolsters Twitter’s internal development capabilities as it looks to enhance advertising options for its platform.

engineering

In-building wireless solutions design software developer iBwave has been acquired by Corning Inc. (NYSE:GLW). iBwave will be incorporated into Corning’s Optical Communication’s business and the acquisition will provide iBwave with a broader customer base. Terms of the deal were not disclosed.

enterprise mobility

BarometerIT, a SaaS-based portfolio planning and analysis solutions developer, has been acquired by Changepoint, a provider of business execution management solutions. The acquisition enhances Changepoint’s portfolio planning, execution, and agility capabilities. Terms of the deal were not disclosed.

financial

Private equity firm CapitalWorks has acquired a majority stake in banking technology services firm Bancsource. The company will use the new resources for growing operations while expanding geographically. Terms of the deal were not disclosed.

hr

Small business online payroll software developer ZenPayroll has raised $60 million in a round of funding led by Google Capital with participation from Emergence Capital Partners, Ribbit Capital, General Catalyst Partners, Kleiner Perkins Caufield & Byers, and Google Ventures. The company has raised $86 million to date and will use the new round of funding for growing operations.

security

IT security solutions provider Check Point Software Technologies (Nasdaq:CHKP) has acquired mobile devices security solutions developer Lacoon Mobile Security. The acquisition enhances Check Point’s real-time mobile security and intelligence solutions as the company looks to focus on its mobile capabilities. Terms of the deal were not disclosed.

security

Cybersecurity analytics platform developer RedSeal has raised $17 million in Series C funding led by Tyco, MATH Venture Partners, Pallasite Ventures, DRW, Venrock, and Icon Ventures. The company will use the new round of funding for increasing its engineering capabilities and expanding its presence domestically and internationally.

virtualization

Open source network virtualization solutions developer Akanda has raised and undisclosed amount of funding from New Dream Network with participation from Double M Partners, Rincon Venture Partners, and private investors. The company will use the new round of funding for scaling its technical team, accelerating platform development, and supporting production implementation.

virtualization

Virtualized network appliances developer Embrane has been acquired by Cisco. The acquisition enhances Cisco’s IT-as-a-service and software defined networking architecture as it broadens the offerings of its Nexus data center switch portfolio. Terms of the deal were not disclosed.

Information

healthcare information

Open source electronic health records implementation solutions developer Medsphere Systems has acquired Phoenix Heath Systems, a provider of IT solutions for the healthcare industry. The combination broadens Medsphere’s IT services offerings and enhances its hosting and cloud-based interoperability capabilities. Terms of the deal were not disclosed.

healthcare information

Medical records startup PicnicHealth has raised $1.7 million in a round of funding from Social+Capital, Slow Ventures, Great Oaks Venture Capital, and private investors. The company will use the new round of funding for expanding operations and hiring talent.

Business Services

hr consulting

Recruitment process outsourcing provider WilsonHCG has acquired Canada-based recruitment services firm Head2Head. The acquisitions strengthens WilsonHGC’s RPO and human capital consulting offerings as it looks to expand its market share internationally. 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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