Daily Deal Activity 06/03/15

Digital Media/Commerce

ecommerce

South Korea-based eCommerce company Coupang has raised $1 billion in a round of funding from SoftBank. The company has raised $1.5 billion to date and will use the new round of funding for accelerating innovations in its end-to-end fulfillment service, same day delivery service, and mobile applications.

ecommerce

On demand lawn startup company LawnStarter has raised $6 million in Series A funding from Binary Capital. The company will use the new round of funding for adding additional markets and expanding geographically.

gaming                

Fantasy sports startup SportsLock has raised $5 million in Series A funding led by Wicklow Capital with participation from private investors. The company will use the new round of funding for developing its offering while growing its audience.

niche content

Gaming retailer GameStop (NYSE:GME) has acquired Thinkgeek.com operator Geeknet (Nasdaq:GKNT) for $140 million. Geeknet will pay a termination fee to specialty retailer Hot Topic. The acquisition expands GameStop’s multichannel business while providing an expansion for the company’s existing product offering.

niche content

Mic, developer of a digital news site for millennials, has raised $17 million in a round of funding from Lightspeed Ventures. The company will use the new round of funding for maintaining its audience and expanding operations.

niche content

Brazil-based online auto racing news and content site TotalRace.com has been acquired by Motorsport.com. The acquisition provides Motorsport.com with international branding opportunities as the company begins its expansion into South America. Terms of the deal were not disclosed.

website creation/hosting

Codero Hosting, a provider of hybrid cloud hosting services, has been acquired by BLM Acquisition Corp. from Catalyst Investors. The acquisition will provide Codero Hosting with resources for developing and launching new product and services while expanding its sales channel. Terms of the deal were not disclosed.

Marketing Technology

content management

SharpSchool, developer of a SaaS-based website and content management systems for the K-12 education market, has been acquired by West Corporation (Nasdaq:WSTC) for $19 million. West Corporation will roll SharpSchool into its SchoolMessenger offering. Further terms of the deal were not disclosed.

social technology

Text analytics software developer NewBrands has been acquired by social media management platform developer Sprinklr. The acquisition provides Sprinklr with enhanced data insights capabilities as the company looks to provide a more complete social marketing and customer support offering for brands. Terms of the deal were not disclosed.

Agency & Marketing Services

digital agency

Digital creative content agency Digital Kitchen has been acquired by Hakuhodo DY Holdings. The acquisition strengthens Kakuhodo DY Holdings’ marketing response capabilities while expanding its presence internationally. Terms of the deal were not disclosed.

promotions agency

Marketing promotions, rebates, and loyalty solutions provider Snipp Interactive has acquired HIP Digital Media, developer of a marketing platform for integrating digital content into branded promotions. The acquisition provides Snipp with complimentary enhancements for its receipt-processing and loyalty platforms. Terms of the deal were not disclosed.

Traditional Media

entertainment media

France-based artist digital distributor and label services provider Believe Digital has raised $60 million in a round of funding from Technology Crossover Ventures, Xange, and Ventech. The company will use the new round of funding for hiring music, digital marketing, and technology talents while pursuing potential acquisitions.

entertainment media

Digital entertainment and sporting information aggregator Global Gaming Networks will be acquired by entertainment media content provider Innovativ Media Group. The acquisition is structured as a reverse merger, and upon completion Innovativ will operate as a digital entertainment enterprise while separately operating Global Gaming Networks’ b-to-b online gaming division. Terms of the deal were not disclosed.

newspaper publishing

Gannett has acquired the remaining 59 percent stake that it did not already own in the Digital First Media-owned Texas-New Mexico Newspapers Partnership. The acquisition expands Gannett’s publishing segment with increased national scale. Terms of the deal were not disclosed.

Software

credit/risk

UK-based diversified financial technology information services Markit (Nasdaq:MRKT) will acquire financial risk management and processing solutions provider Information Mosaic from Marlin & Associates. The acquisition provides Markit with a strengthened risk management offering. Further terms of the deal were not disclosed.

erp

Cloud-based communications and call-routing automation company Indatus has been acquired by RealPage (Nasdaq:RP) for $49 million representing 4.3x revenue. RealPage will integrate Indatus into its live agent solutions as the company looks to expand its automation solutions.

financial

Investor software solutions developer Backstop Solutions Group has acquired institutional investor software provider Cogency Software. The acquisition enhances the accounting facet of Backstop Solutions Group’s existing products. Terms of the deal were not disclosed.

financial

Smart contact and peer-to-peer financial platform developer Mirror has raised $8.8 million in a round of funding led by Route 66 Ventures with participation from RRE Ventures, Crosslink Capital, and Battery Ventures. The company has raised $12.8 million to date and will use the new round of funding for building out its engineering team.

healthcare

Healthx, developer of digital engagement and collaboration solutions for the healthcare payer market, has raised an undisclosed amount of debt funding from Silicon Valley Bank. The company will use the new capital for refinancing existing debt while focusing on geographic expansion.

healthcare

Medication management service PillPack has raised $50 million in a round of funding led by CRV with participation from Accel Partners, Atlas Venture, Menlo Ventures, and Sherpa Ventures. The company will use the new round of funding for accelerating the hiring of its team and building retail locations in US markets.

security

Cybersecurity startup Virtual Software Systems has raised $2 million in a round of funding from Bulldog Investors, Sequel Capital Management, and private investors. The company will use the new round of funding for hiring engineers, developing new partnerships, and bringing its product to market.

Information

financial information

Scotland-based private equity analytics firm TopQ has been acquired by traditional and hedge fund data and analytics firm eVestment. The acquisition will allow eVestment to serve institutional investors in private market funds. Terms of the deal were not disclosed.

Business Services

bpo

Translation and localization solutions provider Welocalize has raised a significant investment from Norwest Equity Partners. The company will use the investment for developing its platform and expanding internationally. Terms of the deal were not disclosed.

credit/risk consulting

Security consultation and vulnerability assessment services provider nSense will be acquired by cloud-based security software developer F-Secure for $20 million representing an estimated 2.6x revenue. The acquisition strengthens F-Secure’s security vendor position as it looks to develop the presence of it cybersecurity solutions in Europe.

logistics

Logistics tracking platform developer FourKites has raised $1.3 million in a round of funding from Hyde Park Venture Partners. The company will use the new round of funding for expanding headcount while continuing to develop its SaaS platform.

management consulting

Management consulting and business intelligence firm Piraeus Consulting will be acquired by Beyondsoft, a provider of strafing and training services in the smartphone application area, for $7.5 million. The acquisition enhances Beyondsoft’s digital and interactive marketing services portfolio. Further 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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