Daily Deal Activity 12/02/15

Digital Media/Commerce

ecommerce

China-based produce eCommerce startup 1Mxian has raised $15 million in a round of funding from Beijing Kunlun Tech. The company will use the funding for expanding market share and domestic operations.

gaming

Mobile game developer Traplight has raised $1.4 million in a round of funding led by Initial Capital with participation from Sunstone Capital and Finnvera Venture Capital. The company will use the funding for launching new titles.

social media/apps, ecommerce

Peloton, a provider of on-demand indoor cycling classes, has raised $75 million in a round of funding from Catterton Partners. The company has raised $120 million to date and will use the funding for expanding its software engineering team.

Digital Advertising

ad networks/exchanges

Update on Perion’s $180 million acquisition of Undertone: The all-cash acquisition will be financed at closing with approximately $91 million of cash from Perion.  A $16 million holdback is payable in 18 months; an additional $3 million is payable in installments over the next 18 months, and another $20 million, bearing interest, will be due in 2020.  Perion will also assume $50 million in Undertone debt.

ad networks/exchanges

Finland-based advertising automation platform Kiosked has raised $30 million in a round of funding from European Investment Bank. The company will use the funding for supporting sales and development initiatives in the US and Europe.

email services

Email marketing platform Bluecore has raised $21 million in a round of funding led by Georgian Partners with participation from FirstMark Capital and Felicis Ventures. The company will use the funding for expanding its capabilities within both mobile and display eCommerce channels.

Marketing Technology

analytics & targeting

Higher education predictive analytics firm Blue Canary will be acquired by education technology company Blackboard. The acquisition is complimentary to Blackboard’s analytics portfolio. Terms of the deal were not disclosed.

analytics & targeting

BrightFunnel, developer of a forecasting platform for b-to-b marketers, has raised $6 million in Series A funding led by Crosslink Capital with participation from Salesforce Ventures, Karlin Ventures, and Resolute Ventures. The company will use the funding for product development, sales, and marketing efforts.

bi tools

Marketing performance management platform developer Allocadia has raised $16.5 million in Series B funding led by Susquehanna Growth Equity with participation from iNovia Capital, Altos Ventures, Illuminate Ventures, and Boardwalk Ventures. The company has raised $24 million to date and will use the funding for expanding headcount.

bi tools

Business dashboards company PureShare has been acquired by IT planning and management firm TeamQuest. The acquisition provides TeamQuest with expanded business integration offerings. Terms of the deal were not disclosed.

commerce management

eCommerce enablement platform Get Me A Shop will be acquired by Times Internet. The acquisition provides Get Me A Shop with scale as Times Internet looks to build out its local advertisement offerings for merchants. Terms of the deal were not disclosed.

Traditional Media

entertainment media

Video content production firm Burn has been acquired by design agency HZDG for $5 million. The acquisition provides HZDG with production capabilities and an expanded client portfolio. Further terms of the deal were not disclosed.

traditional outdoor

New Zealand-based outdoor advertisement company iSite has been acquired by outdoor advertising services provider QMS Media from Infratil for $32.5 million. The acquisition provides QMS with expanded scale. Further terms of the deal were not disclosed.

Software

cloud computing

Marlin Equity Partners has acquired the Cloud Platform Business of cloud contact center and customer service solutions company LiveOps. The acquisition provides LiveOps’ Cloud Platform Business with the resources for scaling is SaaS-based offering. Terms of the deal were not disclosed.

engineering

Engineering simulation platform developer SimScale has raised an undisclosed amount of Series A funding led by Union Square Ventures with participation from Earlybird Venture Capital. The company will use the funding for expanding internationally.

erp

ABRY Partners will acquire air travel management software developer Direct Travel from Silver Oak Services Partners. The acquisition provides Direct Travel with the resources for scaling and building out its IT platform. Terms of the deal were not disclosed.

financial

Financial services software developer Social Money has been acquired by virtual banking solutions company Q2 Holdings (NYSE:QTWO) for $10.6 million. The acquisition provides Q2 with an expanded platform solution for community financial institutions.

geo-demo

Big data solutions company PlanetRisk has acquired data visualization and analysis firm iMapData. The acquisition will provide PlanetRisk with expanded scale and strengthened geospatial analytics capabilities. Terms of the deal were not disclosed.

healthcare

Digital healthcare company Seamless Medical Systems has raised $2.5 million in a round of funding from Sun Mountain Capital. The company will use the funding for expanding headcount while deploying its offering nationwide.

security

UK-based endpoint security software developer Avecto has raised $49 million in a round of funding from JMI Equity. The company will use the funding for expanding operations internationally while hiring talent.

security

Threat intelligence platform ThreatQuotient has raised $10.2 million in Series A funding led by New Enterprise Associates with participation from Blu Venture Investors and Center for Innovation Technology. The company will use the funding for expanding its engineering division.

Information 

healthcare information

Patient controlled online medical records system Patients Know Best has raised $3.7 million in a round of funding led by Balderton Capital with participation from Maxfield Capital. The company will use the funding for building out its presence in hospitals and non-profit organizations.

Business Services

bpo

Paychex (Nasdaq:PAYX) has acquired Advance Partners, a provider of financial and operational services to staffing firms. The acquisition provides Paychex with expanded HR and payroll offerings. Terms of the deal were not disclosed.

it consulting/systems integrations

Cloud solutions and integrations consultancy Sequoia Worldwide has been acquired by Presidio. The acquisition is complimentary to Presidio’s cloud architecting and infrastructure solutions. Terms of the deal were not disclosed.

it consulting/systems integrations

UK-based IT consulting services company Tessella has been acquired by Altran Technologies from Mobeus Equity Partners. The acquisition provides Altran Technologies with expanded international presence. Terms of the deal were not disclosed.

staffing

Workforce solutions provider TrueBlue (NYSE:TBI) has acquired on premise staffing services firm SIMOS Insourcing Solutions. The acquisition provides TrueBlue with increased workforce productivity offerings. 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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