Daily Deal Activity 06/03/16

Digital Media/Commerce

ecommerce

B-to-B eCommerce company E-Commerce China Dangdang (NYSE:DANG) will be taken private by iMeigu Capital Management for a reported $556 million. The cash consideration of $1.34 per Dangdang common share represents a premium of 10.5 percent over the company’s average volume-weighted closing price from the past 20 days. The company has reported 2015 revenues of $1.4 billion and EBITDA of $20 million.

ecommerce

Convenience store delivery service goPuff has raised $8.3 million in Series A funding from Anthos Capital. The company will use the new round of funding for expanding operations and building out its engineering division.

gaming

Video game startup Team Chaos has been acquired by Zynga. The acquisition provides Zynga with expanded social casino offerings as the company looks to launch new titles. Terms of the deal were not disclosed.

mobile content/apps

Personalized spending patterns app Digit has raised $22.5 million in Series B funding led by Ribbit Capital with participation from General Catalyst. The company will use the new round of funding for expanding user adoption initiatives.

social media/apps, hr information

Jobs and workplace review site Glassdoor has raised $40 million in a round of funding a reported valuation of $1 billion led by T. Rowe Price Associates with participation from Battery Ventures, Google Capital, Sutter Hill Ventures, and Tiger Global Management. The company will use the funding for expanding marketing and product initiatives.

Digital Advertising

mobile marketing

Mobile marketing platform Fiksu has been acquired by performance marketing agency ClickDealer. The acquisition will be complimentary to ClickDealer’s in house mobile solutions. Terms of the deal were not disclosed.

Marketing Technology

bi tools

Data prediction and insights platform Demandjump has raised $1.8 million in a round of funding from 4G Ventures and Hyde Park Venture Partners. The company will use the funding for expanding its sales division.

bi tools

Business intelligence and analytics tools developer Oribi has raised $5.4 million in a round of funding from Sequoia Capital and TLV Partners. The company will use the new round of funding for product development.

commerce management

Social commerce marketplace solutions company Balluun has raised $40.4 million in a round of funding from Global Emerging Markets. The company will use the new round of funding for expanding its presence internationally.

commerce management

FanXchange, a developer of white-labeled live event ticketing solutions, has raised $5 million in a round of funding led by Azure Capital Partners and Plaza Ventures with participation from Gibraltar & Company. The company will use the funding for product development efforts.

crm

Sales management platform Nudge has raised $5 million in a round of funding led by Omers Ventures with participation from private investors. The company will use the funding for platform development efforts.

Agency & Marketing Services

digital agency

Content development agency Contend has been acquired by Mosaic. The acquisition will see Contend operate as Mosaic’s content arm as the company looks to strengthen its video creation and distribution capabilities. Terms of the deal were not disclosed.

digital agency

eCommerce agency Sage Tree has been acquired by Advantage Solutions. The acquisition will see Sage Tree operate within Advantage Solutions’ technology division Advantage Digital Technology. Terms of the deal were not disclosed.

loyalty/retention

Engagement and loyalty platform Augeo has acquired rewards incentive programs provider Incentive Logic. The acquisition will be complementary to Augeo’s SMB employee incentive solutions offering. Terms of the deal were not disclosed.

Software

data management

Data storage and analytics company Qumulo has raised $32.5 million in Series C funding from Allen & Company, Top Tier Capital Partners, Tyche Partners, Kleiner Perkins Caufield & Byers, Madrona Ventures Group, and Highland Capital Partners. The company will use the funding for expanding its presence in Europe.

financial

SaaS-based telecom and IT expense management solutions developer Anatole has been acquired by managed mobility services provider Asentinel. The acquisition strengthens Asentinel’s Mobile Device Management solution offering. Terms of the deal were not disclosed.

financial

Mobile point-of-sale solutions company Moka has raised $1.9 million in Series A funding from East Ventures. The company will use the new round of funding for expanding its marketing and sales divisions.

hr

Customer experience automation platform developer Flamingo Customer Experience has been acquired by Cre8tek for $10.4 million. The acquisition provides Cre8tek with expanded mobile and desktop capabilities.  Further terms of the deal were not disclosed.

Information

engineering/scientific/tech information, product/price information

Natural gas and oil markets information company RigData has been acquired by S&P Global Platts. The acquisition provides S&P Global Platts with a strengthened position in natural gas and a complementary oil offering. Terms of the deal were not disclosed.

Business Services

it consulting/systems integration

IT and data networking consultancy Adaptive Communications has been acquired by Optiv Security. The acquisition will provide Optiv 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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