Daily Deal Activity 02/16/16

Digital Media/Commerce

ecommerce

Online clothing retailer Grana has raised $3.5 million in a round of funding led by Golden Gate Ventures with participation from MindWorks Ventures. The company will use the new round of funding for expanding operations internationally.

ecommerce

India-based custom products startup icustommadeit has raised $4 million in a round of funding from Brand Capital. The company will use the new round of funding for raising brand awareness and expanding internationally.

ecommerce

India-based eCommerce site Snapdeal has raised $200 million in a round of funding from Ontario Teachers’ Pension Plan. The company will use the funding for capturing market share from domestic competitors.

ecommerce

Saudi Arabia-based eCommerce portal Wadi has raised $67 million in Series A funding from Rocket Internet and MTN. The company will use the new round of funding for expanding its presence internationally.

Mobile content/apps

Private messaging application developer Couple will be acquired by Life360, a developer of mobile applications for families. The acquisition is complimentary to Life360’s Family Network app. Terms of the deal were not disclosed.

Mobile content/apps

Australia-based mobile parking app developer Divvy Parking has raised $2.5 million in Series B funding from private investors. The company will use the new round of funding for expanding its presence internationally.

Digital Advertising

game advertising

Chartboost, developer of a marketplace for mobile game developers, has acquired Roostr, operator of a marketplace for connecting game developers with influencers. The acquisition provides Roostr with expanded access to developers. Terms of the deal were not disclosed.

vertical search

Entry level job search platform Aasaanjobs has raised $5 million in Series A funding led by Aspada Advisors with participation from IDG Ventures and Inventus Capital. The company will use the new round of funding for expanding its presence geographically.

Marketing Technology

bi tools

Point Shout, a developer of business intelligence solution for retailers, will be acquired by digital marketing agency Stirista. The acquisition is complimentary to Stirista’s sales prospecting suite. Terms of the deal were not disclosed.

bi tools

Data visualization startup Zoomdata has raised $25 million in Series C funding led by Goldman Sachs’ Principal Strategic Investments Group with participation from Comcast Ventures, Accel Partners, Columbus Nova Technology Partners, and New Enterprise Associates. The company will use the funding for product development.

commerce management, mobile technology

Mobile customer engagement platform Mobify has raised $10 million in a round of funding from Acton Capital Partners. The company will use the new round of funding for product development and engineering initiatives.

crm

UK-based customer relationship management solutions company Creator will be acquired by marketing services firm Inspired Thinking Group. The acquisition provides Inspired with an expanded customer insight offering. Terms of the deal were not disclosed.

social technology

BandPage, operator of a music marketing platform for artists to connect with fans, has been acquired by YouTube for $8 million. The acquisition provides YouTube with a strengthened music and management platform for artists. Further terms of the deal were not disclosed.

Traditional Media

newspaper publishing

UK-based newspaper publisher Johnston Publishing will acquire the I Newspaper assets of Independent Print for $35 million. The acquisition will see I Newspaper cease operations of its print edition. Further terms of the deal were not disclosed.

Software

application management

LiveAction, a developer of IT network visibility software, has raised $36 million in Series B funding led by Insight Venture Partners with participation from Accelerate-IT Ventures and Cisco Investments. The company will use the funding for expanding internationally.

cloud computing

Kimonolabs, a developer of technology for turning websites into structured API’s, will be acquired by Palantir Technologies. The acquisition provides Palantir with strengthened website scraping and crawling capabilities. Terms of the deal were not disclosed.

cloud computing

Outage data analytics company Wavefront has raised $11.5 million in Series A funding from Sequoia Capital. The company has raised $20.5 million to date and will use the new round of funding for hiring talent and product development initiatives.

collaboration

Insight Venture Partners will acquire SaaS-based collaboration and document sharing solutions developer Diligent Corporation in a transaction valued at $624 million. The acquisition, which represents a 31 percent premium Diligent’s February 12th closing share price, includes $430 million in cash. Diligent has reported 2015 revenues of $94 million.

credit/risk

Ireland-based risk management and compliance software developer AQ Metrics has raised $3.3 million in a round of funding from Frontline Ventures, Bluff Point Associates, and Enterprise Ireland. The company will use the funding for expanding operations.

financial

Hotel revenue management software developer LodgIQ has raised $5 million in a round of funding from Highgate Ventures and Trilantic Partners. The company will use the funding for expanding its focus to other areas within the travel vertical.

healthcare

Healthcare contracting and consulting services company Vizient will acquire the Spend and Clinical Resource Management business of MedAssets from Pamplona Capital Management. The acquisition provides Vizient with strengthened supply and operational offerings. Terms of the deal were not disclosed.

healthcare

Biomedical data analysis company Seven Bridges has raised $45 million in Series A funding from Kryssen Capital. The company will use the new round of funding for platform development initiatives while hiring talent.

Information

financial information

Nasdaq (Nasdaq:NDAQ) will acquire news distribution services and reporting company Marketwired from OMERS. The acquisition will be complimentary to GlobeNewswire’s distribution capabilities and workflow platform. Terms of the deal were not disclosed.

Business Services

printing services

Revenue cycle management services provider Pollux Systems will acquire printing services company Phoenix Imaging. The acquisition provides Pollux with expanded offerings for the healthcare industry. 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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