Daily Deal Activity 05/02/16

Digital Media/Commerce

ecommerce

India-based on-demand homes services provider CallAtHome has been acquired DriveU, an on-demand driver aggregator for private car owners. The acquisition provides DriveU with expanded customer experience capabilities. Terms of the deal were not disclosed.

ecommerce

Recipe delivery startup Home Chef has raised $10 million in Series A funding from Shining Capital and Guild Capital. The company will use the new round of funding for gaining market share from larger competitors.

mobile content/apps

Mobile banking app developer Varo Money has raised $27 million in a round of funding from Warburg Pincus. The company will use the new round of funding for building out integration with other finance apps.

social media/apps

Gotit, developer of a chat service for connecting students with tutors, has raised $9 million in Series A funding from Capricorn Investment Group. The company will use the new round of funding for expanding its audience base.

Digital Advertising

digital video

Over-the-top subscription video channels provider VHX has been acquired by Vimeo. The acquisition will provide Vimeo with expanded mobile capabilities as it looks to bring its over-the-top solution to studios, agencies, and international broadcasters. Terms of the deal were not disclosed.

Marketing Technology

analytics & targeting

Campaign analysis and reporting tools developer Deltamethod has been acquired by search engine marketing company Crealytics. The acquisition provides Crealytics with an expanded presence in the US. Terms of the deal were not disclosed.

bi tools

Business intelligence and data warehousing solutions company bWise has been acquired by business intelligence tools developer Visma. The acquisition provides Visma with an expanded customer base. Terms of the deal were not disclosed.

content delivery network

Mynfo, developer of a media delivery channel for retailer loyalty networks, has raised $6.8 million in Series A funding led by Almaz Capital with participation from private investors. The company will use the new round of funding for expanding its presence in the US.

content mangement

Germany-based alugha, developer of a platform for publishing multilingual videos, has raised $2.5 million in a round of funding from undisclosed investors. The company will use the new round of funding for product development initiatives.

sem/seo tools

Acquisio, a developer of performance marketing solutions and search engine optimization tools for agencies, has received an undisclosed amount of funding from Wellington Financial. The company will use the funding for product development.

Software

engineering

Opower (NYSE:OPWR), a developer of energy data software for the utility industry, will be acquired by Oracle for a reported $532 million. The acquisition of $7.90 per Opower share represents a 30 percent premium over the company’s April 29th closing price. Opower has reported 2015 revenues of $149 million.

financial

Medical bill tracking and transparency business Cake Health has been acquired by practice management software company Inbox Health. The acquisition provides Inbox Health with a strengthened technology offering. Terms of the deal were not disclosed.

financial

Financial transaction account reconciliation solutions developer Chesapeake System Solutions has been acquired by record-to-report software company Trintech. The acquisition provides Trintech with expanded enterprise-level capabilities. Terms of the deal were not disclosed.

healthcare

Patient engagement software and mHealth solutions developer Duet Health has been acquired by MedData from Baird Capital. The acquisition provides MedData with strengthened real-time monitoring and patient communication offerings. Terms of the deal were not disclosed.

healthcare

Telemedicine software company WeCounsel Solutions has raised $3.5 million in Series A funding from LongMeadow Capital Partners, Point Judith Capital, and CVH Holdings. The company will use the funding for business development initiatives.

security

WiFi security startup Cloak has been acquired by cybersecurity solutions company StackPath. The acquisition will provide StackPath with offerings for Android and Windows. Terms of the deal were not disclosed.

security

Threat intelligence technologies developer EclecticIQ has raised $6.3 million in a round of funding from Inked Capital and Kpn Ventures. The company will use the new round of funding for expanding its geographic presence.

Information

credit/risk information

Real estate property contracts app developer Certrax Risk Compliance has raised an undisclosed amount of funding from WorldQuant Ventures. The company will use the funding for expanding its presence internationally.

engineering information, market research

GlobalSpec, a specialized vertical search, product information, and digital media company serving the engineering and manufacturing markets, has been acquired by IEEE from IHS. The acquisition provides IEEE with strengthened research analytics offerings. Terms of the deal were not disclosed.

Business Services

training

Gamified computer science programs developer CodeCombat has raised $2 million in a round of funding from Third Kind Venture Capital, Andreessen Horowitz, and Allen & Company. The company will use the funding for launching out of beta.

training

Google Apps training company Synergyse has been acquired by Google. The acquisition will see Google incorporate Synergyse’s virtual training solutions into Google Apps. 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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