Daily Deal Activity 05/03/16

Digital Media/Commerce

ecommerce

Bench, a provider of online bookkeeping services for independent contractors, has raised $16 million in Series B funding led by Bain Capital Ventures with participation from Altos Ventures and Contour Venture Partners. The company will use the funding for product development.

ecommerce

MakeTime, operator of a platform for manufacturers to buy and sell machine production capacity, has raised $8 million in a round of funding led by Foundry Group with participation from Almaz Capital. The company will use the funding for scaling its platform.

ecommerce

Roam, a provider of communal living spaces for living abroad, has raised $3.3 million in a round of funding from CRV with participation from Collaborative Fund and NextView. The company will use the funding for expanding its presence internationally.

mobile content/apps, financial

India-based mobile wallet service Mobikwik has raised $50 million in Series C funding led by GMO and MediaTek with participation from Sequoia Capital. The company will use the funding for expanding headcount and marketing efforts.

niche content

Online textbook service Chegg has acquired online bibliography and research tools developer Imagine Easy Solutions for $42 million. The acquisition provides Chegg with expanded writing help offerings for students. Further terms of the deal were not disclosed.

niche content

3D printing community and marketplace Pinshape has been acquired by 3D printing company Formlabs. The acquisition provides Formlabs with expanded user outreach capabilities. Terms of the deal were not disclosed.

niche content

Internet broadcasting and podcasting platform TalkShoe.com has been acquired by group calling solutions company iotum. The acquisition provides iotum with an entrance into broadcasting media. Terms of the deal were not disclosed.

Marketing Technology

email/messaging software

Sixgill, developer of a SaaS-based proximity awareness messaging platform, has raised $6 million led by DRW Ventures with participation from Mobile Financial Partners. The company will use the funding for expanding sales and marketing efforts.

market research

Employee engagement and patient experience surveys developer Avatar International has been acquired by Press Ganey Holdings (NYSE:PGND). The acquisition is complimentary to Press Ganey’s caregiver engagement client base. Terms of the deal were not disclosed.

Software

big data

Unstructured data processing and analytics solutions provider Digital Reasoning has raised $40 million in Series D funding led by Lemhi Ventures and Nasdaq with participation from Goldman Sachs. The company will use the funding for product development initiatives.

big data

Big data analytics company Maana has raised $26 million in Series B funding led by Saudi Aramco Energy Ventures with participation from Shell Technology Ventures, GE Ventures, Chevron Technology Ventures, Intel Capital, and Frost Data Capital. The company will use the funding for expanding headcount.

cloud computing

Industrial Codebox, a developer of tools for accessing data from cloud sources, has been acquired by Qlik Technologies (Nasdaq:QLIK). The acquisition provides Qlik with strengthened cloud analytics capabilities. Terms of the deal were not disclosed.

financial

Germany-based investor risk management technology developer Scalable Capital has raised $8.1 million in a round of funding from Holtzbrink Ventures and Monk’s Hill Ventures. The company will use the funding for expanding its presence internationally.

financial

Insurance agency management system provider Vertafore will be acquired by Bain Capital Private Equity and Vista Equity Partners from TPG Capital in a transaction valued at a reported $2.7 billion. The acquisition provides Vertafore with the resources for pursuing potential acquisition opportunities. Further terms of the deal were not disclosed.

healthcare

Envera Health, developer of a platform for monitoring clinical and financial performance, has raised $14 million in a round of funding from Harbert Venture Partners, Noro-Moseley Partners, and New Richmond Ventures. The company will use the funding for expanding operations.

healthcare

Electronic health records and practice management company Jackson Key Practice Solutions has been acquired by patient-focused health and IT management services provider DAS Health. The acquisition provides DAS with an expanded geographic presence. Terms of the deal were not disclosed.

security

Network and cyber security solutions provider Milestone Systems has been acquired by security and content delivery solutions company Kudelski. The acquisition provides Kudelski with an expanded presence in the area of cybersecurity. Terms of the deal were not disclosed.

software development tools

Open source mobile operating system developer Jolla has raised $12 million in a round of funding from undisclosed investors. The company will use the funding for expanding its engineering division while focusing on product development.

Information

healthcare information, bpo

Contract medical research provider Quintiles Transnational will merge with health care information company IMS Health in a transaction valued at a reported $9 billion. Quintiles IMS will have a reported combined equity market capitalization of $17.6 billion and an enterprise value of more than $23 billion. The acquisition will see IMS shareholders own 51.4 percent of the combined company.

Business Services

it consulting/systems integration

Cloud service management company CloudHealth Technologies has raised $20 million in Series C funding led by Sapphire Ventures with participation from Scale Venture Partners, .406 Ventures, and Sigma Prime Ventures. The company will use the funding for expanding its sales and marketing divisions.

legal consulting

Law firm eDiscovery and data management company provider Xact Data Discovery has acquired eDiscovery services provider F1 Discovery. The acquisition provides Xact Data with an expanded geographic presence. 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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