Daily Deal Activity 11/05/15

Digital Media/Commerce

classifieds/auctions/p-to-p, local search

HomeAway (Nasdaq:AWAY) will be acquired by Expedia (Nasdaq:EXPE) for a reported $3.9 billion in cash and stock. Expedia will pay $10.15 in cash and 0.2065 a share of its own stock for each share of HomeAway, valuing HomeAway shares at $38.31. The company has reported year-over-year revenues of $130.7 million and adjusted year-over-year EBITDA of $40.2 million.

ecommerce

Direct-to-consumer luxury shoes company M.Gemi has raised $18 million in Series B funding led by Accel Partners with participation from General Catalyst Partners, Forerunner Ventures, and Breakaway Ventures. The company has raised $32 million to date and will use the funding for expanding headcount.

ecommerce

Home repair subscription service Super has raised $3.6 million in a round of funding from Lux Capital, Founder Collective, Formation 8, General Catalyst Partners, Montage Ventures, and Maiden Lane Ventures. The company will use the funding for launching out of stealth.

mobile content/apps

Photo sharing and live video streaming app 17 Media has raised $10 million in Series A funding from Infinity Venture Partners and Prometheus Capital. The company will use the funding for expanding the capabilities of its app.

social media/apps

School reconnection network Classmates has been acquired by H.I.G. Capital’s portfolio company PeopleConnect. The acquisition will see Classmates operate alongside PeopleConnect’s people search product. Terms of the deal were not disclosed.

social media/apps

China-based question and answer platform Zhihu has raised $55 million at a reported valuation of $300 million in Series C funding led by Tencent with participation from SAIF Partners, Sogou, Innovation Works, and Qiming Venture Partners. The company will use the funding for strengthening its partnerships with Sogou and Tencent.

Digital Advertising

online lead generation, Affiliate/cpa network

H.I.G. Growth Partners has sponsored a growth recapitalization of digital advertising technology company Centerfield Media. The company will use the resources for expanding its product and service offering into new and existing verticals. Terms of the deal were not disclosed. (Petsky Prunier led transaction)

Marketing Technology

content management

SharpSchool, a provider of SaaS-based website and content management solutions for the education market, has been acquired by West Corporation (Nasdaq:WSTC) for $19 million. The acquisition will see SharpSchool integrated into West Corporation’s SchoolMessenger business. Further terms of the deal were not disclosed.

search & discovery

Customer and employee engagement search platform Coveo has raised $35 million in Series D funding led by IQ Venture Capital with participation from Tandem Expansion Fund, BDC Capital, and Propulsion Ventures. The company has raised $75 million to date and will use the funding for increasing sales, marketing, and research and development efforts.

sfa/lead management

Ticket and invitation management platform TicketManager has raised $20 million in Series B funding from Kayne Partners and Point Judith Capital. The company will use the funding for expanding into new markets.

Agency & Marketing Services

digital agency

WPP has acquired digital media buying agency Essence Digital. The acquisition will see Essence Digital operated independently under WPP’s media investment arm GroupM. Terms of the deal were not disclosed.

Software

big data

Cask Data, a provider of open source software for Hadoop, has raised $20 million in Series B funding led by Safeguard Scientifics (NYSE:SFE) with participation from Battery Ventures and Ignition Partners. The company will use the funding for product development efforts and expanding its sales team.

cloud computing

IT-as-a-service platform Gravitant has been acquired by IBM. The acquisition will see Gravitant integrated with IBM’s SaaS offerings as the company continues to build out its hybrid cloud solutions. Terms of the deal were not disclosed.

cloud computing

Cloud computing and IT company New Signature has acquired application development company imason. The acquisition provides New Signature with expanded core infrastructure and Microsoft stack solutions. Terms of the deal were not disclosed.

credit/risk

Germany-based security and compliance solutions developer VulcanoSec has been acquired by IT automation developer Chef Software. The acquisition provides Chef with regulatory offerings for its software development workflow solution. Terms of the deal were not disclosed.

geo-demo

3D map developing startup Hivemapper has raised $3 million in a round of funding led by Spark Capital with participation from Homebrew Capital, Google Ventures, Harrison Metal, Accelerator Ventures, and Subversive Capital. The company will use the funding for building outs platform and hiring talent.

legal

Legal software startup Premonition has raised $3 million at a reported valuation of $100 million in a round of funding from undisclosed investors. The company will use the funding for expanding headcount.

security

Cybersecurity company Proofpoint (Nasdaq:PFPT) has acquired social media compliance solutions provider Socialware for $9 million. The acquisition provides Proofpoint with expanded social media security solutions. Further terms of the deal were not disclosed.

Information

healthcare information

Health economics research company Redwood Outcomes has been acquired by life sciences consulting company Precision for Value. The acquisition strengthens Precision’s existing outcomes research capabilities. Terms of the deal were not disclosed.

Business Services

printing services

Imagic, a printing company focused on the transit advertising market, has been acquired by grand-format digital graphics company Circle Graphics. The acquisition provides Circle Graphics with an expanded customer base. 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.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: