Daily Deal Activity 09/21/15

Digital Media/Commerce

classifieds/auctions/p-to-p

Spain-based invoice trading marketplace NoviCap has raised $1.7 million in a round of funding from Partech Ventures, Techstars Ventures, and Cabiedes & Partners. The company will use the new round of funding for expanding its presence domestically.

social media/apps

Alignable, operator of a social network for small business owners, has raised $8 million in a round of funding led by Mayfield with participation from Saturn Partners, NextView Ventures, and Lead Edge Capital. The company has raised $12 million to date and will use the funding for product development while expanding its customer base.

Digital Advertising

digital promotion/coupons

Outdoor gear loyalty platform Active Junky has been acquired by technology and science sites operator Purch. The acquisition provides Purch with an entrance into a new publishing category while strengthening its customer loyalty program. Terms of the deal were not disclosed.

Marketing Technology

commerce management

Open source storefront platform Spree Commerce has been acquired by payment solutions company First Data Corporation. The acquisition provides First Data with open source product development capabilities. Terms of the deal were not disclosed.

content management

Collaborative website creation platform Padlet has raised $1.2 million in a round of funding from Cherubic Ventures. The company will use the new round of funding for expanding its design and development departments.

crm

UK-based showroom management and CRM systems provider Contact Advantage has been acquired by automotive retailing solutions provider Reynolds & Reynolds. The acquisition provides Reynolds & Reynolds with increased customer data and communications capabilities. Terms of the deal were not disclosed.

crm

Cloud-based media intelligence platform provider iQ media has raised $9 million in Series B funding from Edison Partners. The company will use the new round of funding for expanding its sales and support teams while further developing its existing media intelligence offering.

mobile technology

ShopKeep, a provider of business management solutions for independent merchants, has acquired restaurant point-of-sales system developer Ambur. The acquisition expands ShopKeep’s merchant base and strengthens the company’s business development team. Terms of the deal were not disclosed.

mrm/workflow management

Workflow and media asset management solutions provider Masstech has been acquired by Covington Partners. The acquisition provides Masstech with the resources for building out integration capabilities while releasing new products. Terms of the deal were not disclosed.

Software

cloud Computing

China-based OpenStack solutions provider 99cloud has raised an undisclosed amount of funding from Intel Capital. The company will use the new round of funding for expanding operations and building out its offerings for the professional education sector.

enterprise mobility

Endpoint management solutions provider and Clearlake Capital Group portfolio company HEAT Software has acquired the Absolute Manage and Absolute Service divisions of Absolut Software. The acquisition provides HEAT Software with client and enterprise mobility management solution offerings. Terms of the deal were not disclosed.

financial

Ancoa, a provider of analytic insight solutions for regulators and exchanges, has raised $6.4 million in Series A funding from Buysee & Partners, LRM Capital, SmartFin Capital, and Velocity Capital. The company will use the funding for expanding operations and product development.

hr

Skilljar, developer of a learning management system, has raised $2.6 million in a round of funding from Trilogy Equity Partners. The company will use the new round of funding for building out product integrations and partnerships.

security

Cybersecurity solutions provider Morphick has raised $10 million in Series A funding from Orchard Holdings Group. The company will use the new round of funding for expanding its sales and marketing efforts while enhancing its distribution and service offerings.

Information

healthcare information

Synowledge, a provider of information technology services for biopharmaceutical companies, has been acquired by clinical trials service provider BioClinica. The acquisition provides BioClinica with an expanded drug safety offering for the business process outsourcing market. Terms of the deal were not disclosed.

Business Services

healthcare consulting

India-based in-home healthcare company Portea Medical has raised $37.5 million in Series B funding led by Accel Partners with participation from IFC, World Bank, and Qualcomm Ventures. The company will use the new round of funding for expanding internationally.

it consulting/systems integration

Life sciences industry regulatory compliance solutions provider NexAge Technologies has been acquired by cloud solutions provider 8K Miles Software Services for $3 million. The acquisition expands 8K’s life sciences portfolio and client base.

management consulting

Service management consulting firm Fruition Partners has been acquired by IT services and solutions provider CSC (NYSE:CSC). The acquisition provides CSC with an expanded portfolio of service-management solutions. 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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