Daily Deal Activity 04/14/16

Digital Media/Commerce

ecommerce

France-based eCommerce deals site Vente-Privee has acquired Spain-based competitor Privalia for a reported $560 million. The acquisition will see Privalia operated as a separate brand as Ventee-Privee builds out its presence internationally. Further terms of the deal were not disclosed.

mobiel content/apps

On-demand tutoring mobile app Yup has raised $4 million in a round of funding from StartX Fund and Soma Capital. The company will use the funding for expanding its user base while focusing on product development.

niche content, mobile conten/apps

EdCast, developer of a mobile app for informal learning, has raised $16 million in a round of funding led by G.E. Asset Management with participation from SoftBank Capital, Cervin Ventures, StartX Fund, and Penta Global. The company will use the funding for expanding operations.

Digital Advertising

search marketing

eCommerce performance marketing company HookLogic has raised an undisclosed amount of funding from LUMA Capital Partners. The investment follows a $15.5 million Series C raised in September and will be allocated toward expanding advertising inventory.

Marketing Technology

ad serving

Retail technology platform Flipp Corp. has raised a $61 million strategic growth investment from General Atlantic. The company will use the new round of funding for expanding operations while pursuing potential acquisition opportunities.

marketing data

Restaurant menu data and analytics company Food Genius will be acquired by food service distributor US Foods. The acquisition provides US Foods with strengthened analytics capabilities. Terms of the deal were not disclosed.

marketing data

Cox Automotive has acquired a majority stake in Brazil-based vehicle valuation company Molicar. The acquisition will provide Cox with an expanded international presence. Terms of the deal were not disclosed.

social technology

Airwoot, a developer of customer service automation solutions for social media, has been acquired by customer service software developer Freshdesk. The acquisition provides Freshdesk with strengthened social support capabilities. Terms of the deal were not disclosed.

teleservices/eservices

Automated customer service platform DigitalGenius has raised $4.1 million in a round of funding from Salesforce Ventures, BloombergBeta, NovelTMT, and Spider Capital. The company will use the funding for expanding its engineering division.

Agency & Marketing Services

ad specialty/premiums, ecommerce

Promotional products distributor HALO Branded Solutions will be acquired by Audax Private Equity. The acquisition will provide Halo with the resources for hiring talent while pursuing potential acquisitions. Terms of the deal were not disclosed.

Traditional Media

newspaper publishing

Newspaper publisher Journal Multimedia will be acquired by local content and publications provider GateHouse Media. The acquisition provides GateHouse with an expanded community paper and newspapers portfolio. Terms of the deal were not disclosed.

Software

big data

Big data analytics software company Jolata has raised $7 million in a round of funding from Spirent Communications, Ericsson, and ATA Ventures. The company will use the funding for expanding its development and field deployment teams.

financial

Trade risk mitigation services provider ICAP has acquired ENSO Financial Analytics, developer of a data analytics platform for hedge funds and prime brokers. The acquisition will see ENSO integrated into ICAP’s Post Trade Risk and Information division. Terms of the deal were not disclosed.

geo-demo

City guides and listing magazines publisher Time Out Group has acquired Spain-based geo-mapping startup HallStreet. The acquisition provides Time Out with expanded discovery and enablement capabilities. Terms of the deal were not disclosed.

healthcare

Long-term care scheduling and labor management platform OnShift has raised $18 million in Series D funding led by Health Velocity Capital with participation from Early Stage Partners, HLM Venture Partners, Draper Triangle, and West Capital Advisors. The company will use the funding for expanding its marketing and sales divisions.

healthcare

Behavioral health analysis platform Quartet has raised $40 million in Series B funding led by Google Ventures with participation from Oak HC/FT Partners, F-Prime Capital Partners, and Polaris Partners. The company will use the funding for expanding its data science division.

hr

Switzerland-based automated employee referral program BuddyBroker will be acquired by Germany-based networking websites operator Xing for $5 million. The acquisition is complimentary to Xing’s online referral network. Further terms of the deal were not disclosed.

hr

UK-based background checking platform Onfido has raised $25 million in a round of funding led by Idinvest Partners with participation from Wellington Partners and Crunchfund. The company will use the new round of funding for expanding its presence in the US.

software development tools

Production control software development firm Tricorn Systems has been acquired by Valuechain.com. The acquisition provides Valuechain.com with expanded supply chain partner collaboration capabilities. Terms of the deal were not disclosed.

Business Services

credit/risk consulting

Information security consulting firm Gotham Digital Sciences will be acquired by cybersecurity consultancy Stroz Friedberg. The acquisition provides Stroz Friedberg with expanded penetration testing and application security capabilities. Terms of the deal were not disclosed.

prinitng services

ArtSystems, a provider of printing services and solutions, will be acquired by IT distributor Westcoast. The acquisition provides Westcoast with scaled solutions for suppliers. 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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