Daily Deal Activity 03/02/16

Digital Media/Commerce

classifieds/auctions/p-to-p

Peer-to-peer marketplace app developer Mercari has raised $75 million at a reported valuation of more than $1 billion in Series D funding from Mitsui & Co., Globis Capital Partners, World Innovation Lab, and Global Brain. The company will use the funding for expanding its presence internationally.

ecommerce

Malaysia-based car dealership platform Carsome has raised $2 million in Series A funding led by IdeaRiverRun with participation from IMG Investment Partners and 500 Startups. The company will use the funding for expanding in Southeast Asia.

ecommerce

Subscription jewelry box company Rocksbox has raised $8.7 million in Series A funding led by KEC Ventures and Matrix Partners with participation from SignalFire, BBG Ventures, and Mucker Capital. The company will use the funding for introducing new monetization initiatives.

Digital Advertising

vertical search

Estonia-based job matching site Jobbatical has raised $2 million in a round of funding from Union Square Ventures. The company will use the new round of funding for building out the capabilities of its platform.

Marketing Technology

content management

UK-based real-time content editing system developer Poetica will be acquired by Conde Nast. The acquisition will see Poetica integrated into the company’s Copilot content management platform. Terms of the deal were not disclosed.

crm

Email and contact analysis technology developer Contastic will be acquired by customer relationship management solutions provider SugarCRM. The acquisition provides SugarCRM with expanded sales tools for its platform. Terms of the deal were not disclosed.

marketing data

Mobile application data and analytics company AppData will be acquired by FI Navigator, a provider of data and analytics to the banking vertical. The acquisition provides FI Navigator with an expanded social media data offering. Terms of the deal were not disclosed.

mobile technology

Blippar, a developer of mobile image recognition technology, has raised $54 million in Series D funding from Khanzanh Nasional Berhad. The company will use the funding for expanding user acquisition and engineering initiatives.

sfa/lead management, mrm/workflow management

Advocate marketing platform developer Influitive has raised $8.2 million in a round of funding from Leaders Fund and EDC. The investment brings Influitive’s Series B total to $38 million. The company will use the funding for acquiring business task and scheduling application developer Ironark Software.

social technology

Social media marketing company Ampifii will be acquired by newspaper publisher Postmedia Network. The acquisition will provide Postmedia with expanded digital revenue capabilities. Terms of the deal were not disclosed.

Agency & Marketing Services

digital agency

Searchlight Capital Partners will acquire a majority stake in branding and creative services agency 160Over90 in a transaction valued at $175 million. The acquisition provides 160Over90 with the resources for expanding its presence internationally. Further terms of the deal were not disclosed.

Traditional Media

consumer book publishing

The Hachette Book Group will acquire publishing business of Perseus Books Group. The acquisition provides Hachette with a strengthened publishing portfolio and an expanded presence in the US. Terms of the deal were not disclosed.

Software

credit/risk

Market risk and portfolio construction solutions developer FinAnalytica will be acquired by data management and reporting services provider BI-SAM Technologies. The acquisition provides BI-SAM with an expanded unified performance and risk offering. Terms of the deal were not disclosed.

credit/risk

Insurance risk software developer GGY will be acquired by Moody’s Corporation (NYSE:MCO). The acquisition provides Moody’s with expanded insurance offerings for its Analytics division. Terms of the deal were not disclosed.

healthcare, collaboration

Patient care collaboration platform DocbookMD will be acquired by web and API productivity tools developer Scrypt. The acquisition provides Scrypt with expanded offering for its healthcare portfolio. Terms of the deal were not disclosed.

healthcare

Laboratory and research support solutions company LabConnect has raised $4 million in a round of funding from BroadOak Capital Partners. The company will use the new round of funding for expanding operations.

healthcare

Digital health management platform WellDoc has raised $7.5 million in a round of funding from Johnson & Johnson Innovation. The investment brings WellDoc’s Series B total to $29.5 million as the company looks to build out the capabilities of its glucose monitoring system.

financial, healthcare

Revenue cycle management and workflow solutions provider eSolutions will acquire ClaimRemedi, developer of a billing system solution for the healthcare industry. The acquisition provides eSolutions with an expanded healthcare portfolio. Terms of the deal were not disclosed.

security

Digital workspace security solutions provider RES has raised $10 million in a round of funding from ORIX Ventures. The company will use the round of funding for expanding its presence into new geographic markets.

software development tools

Appvance, developer of an application testing platform, has raised $5 million in a round of funding led by Javelin Venture Partners with participation from H. Barton Investments and Three Bridges Ventures. The company will use the round of funding for expanding its product development and customer support teams.

Information

healthcare information

Healthcare information services company Comparion Medical Analytics will be acquired by risk management and reporting solutions developer Quantros. The acquisition provides Quantros with a strengthened financial and clinical performance measurement offering. Terms of the deal were not disclosed.

Business Services

hr consulting

Employment law advisory services provider Citation will be acquired by Hg Capital from ECI in a transaction valued at $260 million. The acquisition provides Citation with the resources for expanding headcount. Citation has reported projected 2016 revenues of $56 million.

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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