Daily Deal Activity 04/24/15

Digital Media/Commerce

classifieds/auctions/p-to-p

Electronic broker Interactive Brokers Group (Nasdaq:IBKR) has acquired online investing marketplace Covestor. The acquisition provides Covestor with the ability to add more portfolio managers and investment strategies to its platform. Terms of the deal were not disclosed.

classifieds/auctions/p-to-p

UK-based internet lender Ezbob has raised $46 million in a round of funding from Oaktree Capital Management. The company will use the new round of funding for increasing its loan offerings to small business while refinancing existing debt.

ecommerce

Fitness class marketplace Classpass has acquired competitor Fitmob. The acquisition will allow Classpass to expand geographically as the combined company looks to extend into new markets while forming new studio partnerships. Terms of the deal were not disclosed.

mobile content/apps

On-demand mobile concierge services provider Headout has raised $1.8 million in a round of funding Version One Ventures, Nexus Venture Partners, 500 Startups, and Arena Ventures. The company will use the new round of funding for geographic expansion while increasing sales efforts.

mobile content/apps

Publishers Clearing House has acquired LiveToWin, developer of a mobile app that allow users to enter sweepstakes by watching videos and answering polls. The acquisition allows Publishers Clearing House to expand to a younger demographic as it looks to strengthen its digital capabilities. Terms of the deal were not disclosed.

mobile content/apps

Makr, developer of a mobile design and print app for custom branding, has been acquired by Staples (Nasdaq:SPLS). The acquisition complements provides Staples’s suite of online copy and print products and services and provides Makr with resources for increased product development. Terms of the deal were not disclosed.

mobile content/apps

Operator, a mobile app that connects users with human operators to fulfill customer requests, has raised $10 million in Series A funding led by Greylock Partners with participation from Expa. The company will use the new round of funding for launching out of beta testing.

niche content

Online cardiology education and information resource provider Learn the Heart has been acquired by online education resources provider Healio.com, a subsidiary of The Wyanoke Group. The acquisition expands bolsters Helio.com’s educational content. Terms of the deal were not disclosed.

social media/apps

Obituary and related services provider Legacy.com has acquired Tributes.com, developer of a social media networking site for adults ages 50+. The acquisition provides Legacy.com with an increased number of newspaper and funeral home partnerships. Terms of the deal were not disclosed.

Digital Advertising

digital video

Mobile video company Ferris has raised $2 million in a round of funding led by Upfront Ventures with participation from private investors. The company will use the new round of funding for continuing to developing its mobile capabilities.

email services

NetSuite (NYSE:N) has acquired cloud-based commerce marketing company Bronto Software for $200 million in cash and stock at an estimated representation of 5x revenue. The acquisition leverages NetSuite’s SuiteCommerce offering as the company looks to expand its operation and omnichannel capabilities.

Marketing Technology

ad serving

Ad serving technologies provider Smart AdServer has been acquired by Cathay Capital Private Equity from aufeminin group. The acquisition will provides Smart AdServer with the resources necessary for international expansion and while increasing its programmatic and video capabilities. Terms of the deal were not disclosed.

analytics & Targeting

PingThings, developer of a predictive intelligence platform for the electric utility industry, has raised an undisclosed amount of funding from GE Ventures and Frost Data Capital. The company will use the new round of funding for growing initial deployment at US utilities and expanding its sales team.

commerce management

India-based IT consulting firm Infosys has acquired digital eCommerce experience services provider Kallidus for $120 million. The acquisition enhances Infosys big data solutions as the company looks to strengthen its position in the personal health monitoring market. Further terms of the deal were not disclosed.

Agency & Marketing Services

digital agency

UK-based digital search agency Make It Rain has been acquired by DAC Group. The acquisition provides Make It Rain with increased search marketing technology as DAC Group looks to deliver increased localized targeting in the UK. Terms of the deal were not disclosed.

digital agency

Net Driven, a developer of web solutions and internet marketing services for the automotive industry, has been acquired by Internet Brands. The acquisition strengthens Internet Brands’ position in the technology solutions market for the automotive industry. Terms of the deal were not disclosed.

Software

cloud computing

Microsoft infrastructure, cloud computing, and IT support solutions provider New Signature has raised $35 million in a round of funding from Columbia Capital. The company will use the new round of funding for expanding product capabilities and market coverage.

engineering

France-based 3D design software developer Dassault Systemes has acquired Germany-based Modelon, a developer of systems modeling and simulation content for the automotive industry. The acquisition bolsters Dassault Systemes’ content portfolio. Terms of the deal were not disclosed.

healthcare

Cloud-based practice management, electronic health record, and medical billing software developer CareCloud has raised $15 million in a round of funding from private investors. The company will use the new round of funding for advancing product innovation while focusing on customer success programs.

infrastructure

Agile database deployment platform Datical has raised $5.9 million in Series A funding led by Mercury Fund with participation from Austin Ventures. The company will use the new round of funding for expanding sales and marketing operations while developing its flagship product.

security

Immunio, a provider of protection solutions for web applications, has raised $2.7 million in a round of funding from Bloomberg Beta, Hoxton Ventures, and Real Ventures. The company will use the new round of funding for increasing product development efforts.

Information

healthcare information

Practo, developer of a platform for patients to find doctors and doctors to manage their practice, has acquired digital fitness solutions provider Fitho. The acquisition provides Practo with increased preventive healthcare solutions. Terms of the deal were not disclosed.

Business Services

training

Organized learning, professional development, and training services provider Learning Seat, a subsidiary of The Riverside Company, has acquired eLearning courses and online content development and learning management company C-Learning. The acquisition provides Learning Seat with increased technical and content development capabilities. 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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