Daily Deal Activity 04/13/16

Digital Media/Commerce

ecommerce

China-based food delivery service company Ele.me has raised $1.3 billion in a round of funding from Alibaba and its sister payments company Ant Financial. The investment will see Alibaba take a 27.7 percent stake in the company.

ecommerce

Germany-based Libute, operator of a hair products eCommerce platform, has been acquired by Germany-based eCommerce network Ecommerce Alliance. The acquisition expands Ecommerce Alliance’s high-end lifestyle portfolio. Terms of the deal were not disclosed.

ecommerce

Poshmark, operator of an online fashion marketplace and community, has raised $25 million in a round of funding led by GGV Capital with participation from Mayfield, Menlo Ventures, Inventus Capital, Union Grove Capital, and Shea Ventures. The company will use the funding for expanding operations.

gaming

Video game developer and distributor Codemasters will acquire game development studio Evolution Studios. The acquisition will provide Codemasters with expanded gaming content and titles. Terms of the deal were not disclosed.

social media/apps

Photo-sharing app developer PicMix has raised $3 million in Series A funding from Gobi Partners and private investors. The company will use the new round of funding for expanding its user base internationally.

Digital Advertising

local search

UK-based on-demand home improvement and contractor relations platform operator Opun has raised $4.3 million in a round of funding from Aviva Ventures. The company will use the new round of funding for expanding its presence geographically.

Marketing Technology

bi tools

Ontodia, a developer of data intelligence solutions for government agencies and public organizations, will be acquired by civic technology company OpenGov. The acquisition provides OpenGov with expanded data contextualization capabilities. Terms of the deal were not disclosed.

email/messaging software

Shopify (NYSE:SHOP) will acquire virtual marketing assistant and conversation platform developer Kit CRM. The acquisition will provide Shopify with expanded customer messaging capabilities. Terms of the deal were not disclosed.

Agency & Marketing Services

digital agency

India-based mobile app marketing company Muses Marketing has acquired web design and online branding firm AdOnStream Services. The acquisition provides Muses with expanded audience targeting offerings. Terms of the deal were not disclosed.

public relations

Action sports public relations firm S+L Communications will be acquired by fashion and action sports marketing agency Santy Communications. The acquisition provides Santy with expanded digital offerings. Terms of the deal were not disclosed.

Traditional Media

b-to-b media, product

Oil reporting agency Platts will acquire Singapore-based Asian countries oil conference operator APPEC. The acquisition will provide Platts with an expanded international presence. Terms of the deal were not disclosed.

entertainment media, niche content

The E.W. Scripps Company has acquired online humor and pop culture brand Cracked Entertainment from Demand Media for $39 million. The acquisition will be complimentary to Scripps’ video content portfolio. Cracked Entertainment has reported 2015 revenues of $11 million.

Software

credit/risk

End-user IT analytics and risk measurement company Nexthink has raised $40 million in a round of funding led by Highland Europe with participation from Waypoint Capital, Galeo Ventures and Auriga Partners. The company will use the funding for expanding internationally.

data management

Live migration and disaster recovery solutions developer CloudEndure has raised $6 million in Series B funding from Infosys and Magma Venture Partners. The company will use the funding for expanding its presence geographically.

financial

SaaS-based wealth management solutions developer Vestmark has raised $30 million in a round of funding from Summit Partners. The company will use the funding for expanding its marketing, sales, and software development initiatives.

erp

Workforce analytics software and robotic process automation company OpenSpan will be acquired by Pegasystems (NYSE:PEGA) for $52.3 million. The acquisition will provide Pegasystems with expanded functionality for its CRM application suite. Further terms of the deal were not disclosed.

healthcare

Student health technology platform Caredox has raised $2.8 million in a round of funding from Texo Ventures and Prolog Ventures. The company will use the new round of funding for expanding its sales and engineering divisions.

hr

Human resources compliance solutions developer TikForce has raised $3.4 million in a round of funding from undisclosed investors. The company will use the new round of funding for expanding its presence internationally.

infrastructure

Infrastructure-as-a-service provider Carrenza will be acquired by converged technology infrastructure provider Six Degrees Group. The acquisition provides Six Degrees with expanded public cloud and managed services capabilities. Terms of the deal were not disclosed.

software development tools

Nod.js development and operations solutions developer NodeSource has raised $10 million in Series A funding led by RRE Ventures with participation from Crosslink Capital. The company will use the funding for product development.

Business Services

it consulting/systems integration

Mobile application development services provider Metova will acquire web development firm Clocktower Media. The acquisition provides Metova with expanded iOS and Android app development and security 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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