Daily Deal Activity 06/02/15

Digital Media/Commerce

ecommerce

Home improvement marketplace HiPages has raised $6 million in a round of funding from Right Click Capital, Ellerston Capital, and Kestrel Capital. The company has raised $12 million to date and will use the new round of funding for building out its platform.

mobile content/apps

Germany-based cloud productivity applications developer 6Wunderkinder has been acquired by Microsoft for an estimated $150 million. The acquisition provides Microsoft with strengthened capabilities for enhancing its line of mobile apps. Further terms of the deal were not disclosed.

Digital Advertising

comparison shopping

Technology content and eCommerce digital media firm Purch has raised $135 million in Series C funding from Canso Investment Counsel. The company has raised $175.5 million to date and will use the new round of funding for financing acquisitions and buying out earlier stage investors.

comparison shopping

Online travel booking platform Qunar has raised $500 million in equity funding from Silver Lake Capital and an undisclosed investor. The funding arrives after Qunar turned down an acquisition offer from Ctrip.com. The company will use the new round of funding for expanding its mobile business.

Marketing Technology

analytics & targeting

SaaS-based data analytics platform DataScience has raised $4.5 million in Series A funding led by Greycroft Partners with participation from Pelion Ventures Partners, Crosscut Ventures, and TenOneTen. The company will use the new round of funding from hiring talent.

analytics & targeting

Customer experience analytics solutions developer FullStory has raised $9 million in a round of funding from Kleiner Perkins Caufield & Byers and Google Ventures. The company will use the new round of funding for building out the capabilities of its platform.

analytics & targeting

Advertising intelligence platform Maxifier will be acquired by Norway-based data and personalization technology company Cxense for $6 million. The acquisition expands Cxense’s operations and customer base in the US as the company looks to strengthen its global presence. Further terms of the deal were not disclosed.

crm

Cloud-based customer success services provider Preact has raised $7 million in Series A funding from BOLDstart Ventures, Lion Wells Ventures, Karlin Ventures, Harmony Partners. Bee Partners, and Trinity Ventures. The company will use the new round of funding for expanding operations.

Agency & Marketing Services

fullfillment

Regulatory compliance solutions, document fulfillment, and mail automation firm Walz Group has been acquired by mortgage services provider LenderLive. Walz Group will continue to operate as a separate division of LenderLive. Terms of the deal were not disclosed.

Software

big data

Big data solutions and service company Saama Technologies has raised $35 million in a round of funding from Carrick Capital Partners with participation from private investors. The company will use the new round of funding for expanding adoption of its solutions.

enterprise mobility

Enterprise solutions and business integration solutions provider ProSoft Technology Group has been acquired by software and outsourcing solutions provider Kellton Tech Solutions for $14 million. The acquisition expands Kellton Tech Solutions’ enterprise resource planning and enterprise application integration capabilities.

erp

Connection lifecycle management solutions developer Tangoe has acquired IBM’s Emptoris telecom expense management business. The acquisition provides Tangoe with an increased customer base as the company looks to expand its presence globally. Terms of the deal were not disclosed.

financial

Coupa Software, a developer of financial applications that provide spend management solutions, has raised $80 million in Series G funding led by T. Rowe Price with participation from Iconiq Capital, Premji Invest, Crosslink Capital, Battery Ventures, and El Dorado Ventures. The company has raised $165 million to date and will use the new round of funding for expanding its engineering team

financial

Avalara, developer of cloud-based software for sales tax and other transactional compliance solutions for the telecom industry, has acquired tax filing solutions provider EZtax. The acquisition provides Avalara with enhanced compliance solutions. Terms of the deal were not disclosed.

financial

Online gambling company Playtech has acquired online trading platform operator Plus500 for $703 million. The acquisition follows a week where Plus500 froze customer accounts and lost over half of its value amongst allegations from regulators. The acquisition provides Playtech with enhanced capabilities as it expands into trading.

hr

SaaS-based employee engagement and grant management software solutions developer CyberGrants has raised a significant investment from Waud Capital Partners. The company will use the investment for expanding operations and headcount. Terms of the deal were not disclosed.

hr

Team acceleration software developer HireVue has raised $45 million in a round of funding led by Technology Crossover Ventures with participation from Sequoia Capital, Granite Ventures, Investor Growth Capital, and Peterson Ventures. The company will use the new round of funding for building out its predictive analytics capabilities.

legal

eDiscovery, managed services, and litigation support legal process outsourcing firm DTI has acquired Merrill Corporation’s Legal Solutions business. The acquisition expands DTI’s platform with enhanced legal services capabilities and extended geographic reach. Terms of the deal were not disclosed.

security

Cyber-attack intelligence and response platform CounterTrack has raised $15 million in Series C funding led by TenEleven Ventures with participation from EDBI and Mitsui & Co. The company will use the new round of funding for accelerating its go-to-market strategy while pursuing global expansion initiatives.

Information

financial information

Germany-based fund data, regulatory documentation, and marketing materials provider Financial Webworks has been acquired by Genstar Capital-owned asset management industry marketing solutions provider Asset International. The acquisition allows Asset International to expand its services into new markets. Terms of the deal were not disclosed.

Business Services

staffing               

Advanced Medical Personnel Services, a provider of staffing solutions for the healthcare and education industries, has been acquired by Clearview Capital. The acquisition provides Advanced Medical with access to resources for future acquisitions. Terms of the deal were not disclosed.

staffing               

Workforce solutions developer ManpowerGroup (NSYE:MAN) has acquired the Australia-based arm of professional services and recruitment firm Greythorn. The acquisition strengthens ManpowerGroup’s capabilities in the region while providing the company with enhanced specialist workforce solutions capabilities. Terms of the deal were not disclosed.

training

Udemy, operator of a marketplace for online courses, has raised $65 million in Series D funding led by Stripes Group with participation from Norwest Venture Partners and Insight Venture Partners. The company will use the new round of funding for expanding its enterprise offerings and building out its workforce.

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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