Daily Deal Activity 02/29/16

Digital Media/Commerce

ecommerce

Online home retailer Hayneedle will be acquired by online retail startup Jet.com in a transaction valued at a reported $100 million. The acquisition will see Hayneedle operate as a subsidiary under Jet.com. Further terms of the deal were not disclosed.

ecommerce

India-based child products eCommerce company Hopscotch has raised $13 million in Series C funding from private investors. The company will use the new round of funding for hiring talent and expanding its presence domestically.

ecommerce, mobile content/apps

Private air travel app developer JetSmarter has raised $30 million in a round of funding from private investors. The company will use the new round of funding for building out its technology and expanding its presence internationally.

ecommerce

UAE-based eCommerce company Souq has raised $275 million at a reported valuation of more than $1 billion in a round of funding from Tiger Global Management, Naspers, Standard Chartered Private Equity, IFC, and Baillie Gifford. The company will use the funding for scaling operations.

Digital Advertising

local search

Ireland-based salon search platform Beutifi will acquire competitor SalonAddict. The acquisition will provide Beautifi with an expanded salon network as it looks to build out its marketing and sales divisions. Terms of the deal were not disclosed.

Marketing Technology

analytics & Targeting, market research

Customer intelligence consulting services provider Maru Group will acquire SaaS-based customer feedback solutions provider eDigitalResearch. The acquisition provides Maru with an expanded customer relationship management platform. Terms of the deal were not disclosed.

mobile technology

App store intelligence platform Mobile Action will acquire app store optimization solutions developer Appmind. The acquisition provides Mobile Action with expanded backend technology capabilities. Terms of the deal were not disclosed.

social technology

Social conversation aggregation solutions company Talkwheel will be acquired by social media marketing company Clickable. The acquisition is complimentary to Clickable’s social media monitoring platform. Terms of the deal were not disclosed.

Agency & Marketing Services

data quality, healthcare software

Hospital data solutions company MedCPU has raised $35 million in a round of funding from UPMC and Merck Global Health Innovation Fund. The company will use the new round of funding for launching new products.

digital agency

Translation and localization solutions company Welocalize will acquire web traffic optimization solutions provider Adapt Worldwide. The acquisition provides Welocalize with expanded search engine optimization and mobile capabilities. Terms of the deal were not disclosed.

digital agency, marketing consulting

Marketing analytics and data insights company Analytics Quotient will be acquired by Millward Brown. The acquisition will see Analytics Quotient folded into Millward Brown Analytics. Terms of the deal were not disclosed.

Software

application management

Internet of things application solutions developer Enlighted has raised $25 million in Series D funding from Kleiner Perkins Caufield & Byers, RockPort Capital Partners, DFJ, and Tao Capital Partners. The company will use the funding for expanding internationally.

collaboration

Cloud collaboration platform developer iCharts has raised $5.5 million in a round of funding from Software AG. The company has raised $15 million to date and will use the funding for expanding operations.

credit/risk

IT service management solutions provider LOGICnow has acquired data breach risk intelligence platform developer iScan Online. The acquisition provides LOGICnow with an expanded automated vulnerability offering. Terms of the deal were not disclosed.

financial

Budgeting and forecasting software developer Centage Corporation has raised $13.5 million in Series A funding led by TVC Capital with participation from Northgate Capital. The company will use the funding for building out its sales and marketing divisions.

healthcare

Clinical decision support solutions developer Applied Pathways has raised $6 million in Series A funding from Health Enterprise Partners. The company will use the funding for expanding its presence in the healthcare market.

healthcare

Healthcare data warehousing and analytics solutions company Health Catalyst has raised $70 million in Series E funding led by Norwest Venture Partners and UPMC with participation from MultiCare Health Systems, OSF Healthcare, Leerink Capital, Sequoia Capital, Sands Capital, EPIC Venture Partners, and Tenaya Capital. The company will use the funding for expanding its product offerings.

healthcare

Patient insights software developer QPID Health will be acquired by care organization management platform developer eviCore healthcare. The acquisition provides eviCore with a complimentary offering for its benefits platform. Terms of the deal were not disclosed.

security

Incident response solutions developer Resilient Systems will be acquired by IBM for a reported $100 million in cash. The acquisition will be complimentary to IBM’s cybersecurity division. Further terms of the deal were not disclosed.

security

Data intelligence system developer Terbium Labs has raised $6.4 million in Series A funding from .406 Ventures. The company will use the new round of funding for expanding headcount and product development efforts.

Information

healthcare information

Total Benchmark Solutions, a provider of benchmarking and decision support solutions for healthcare organizations, has received an undisclosed investment from Kaufman, Hall & Associates. The company will use the new resources for building out new product capabilities.

Business Services

legal consulting

China-based company registration and legal services provider Kuaifawu has raised $10 million in Series B funding from Shunwei Capital Partners and Ceyuan Ventures. The company will use the funding for expanding its offerings in the SME vertical.

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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