Daily Deal Activity 07/25/16

Digital Media/Commerce

digital marketplace

On-demand trucking platform Transfix has raised $22 million in Series B funding led by New Enterprise Associates with participation from Canvas Ventures, Lerer Hippeau Ventures, and Corigin Ventures. The company will use the funding for expanding product offerings.

ecommerce

Germany-based wholesale fashion platform Buying Show has raised $1.9 million in a round of funding from Rocket Internet and Global Founders Capital. The company will use the funding for expanding its presence within Europe.

ecommerce

India-based self-drive care rental service Zoomcar has raised $25 million in a round of funding from Ford, Sequoia Capital, and Reliance Venture management. The company will use the funding for expanding its presence domestically.

web search/portals

Verizon will acquire Yahoo’s core internet business for $4.8 billion in cash. The acquisition marks the end of Yahoo as an operating company, and will see Verizon integrate Yahoo and its advertising technology tools into AOL. The transaction does not include Yahoo’s patents, its 15 percent stake in Alibaba, or its 35.5 percent stake in Yahoo Japan. Excluding reported cost synergies of up to $1 billion, the acquisition values Yahoo’s core business at a 1x LTM revenue and 32x LTM EBITDA. Post transaction EBITDA multiple (assuming an estimated $1 billion in synergies) is approximately 4.2x.

Digital Advertising

online promotion/coupon

Gift card solutions provider Qwikcilver has raised $10 million in a round of funding led by Sistema with participation from Amazon, Accel Partners, and Helion Venture Partners. The company will use the new round of funding for expanding its presence internationally.

Marketing Technology

crm

Real-time customer interaction platform Tact has raised $1 million in a round of funding from DCG Digital Ventures. The company will use the new round of funding for hiring talent while expanding operations.

Agency & Marketing Services

digital agency

Digital agency Splash Digital Media has been acquired by marketing agency Mungo Creative Group. The acquisition provides Mungo Creative with and an expanded geographic presence. Terms of the deal were not disclosed.

Software

big data

Chat bot solutions developer Skymind has raised $2.8 million in a round of funding from undisclosed investors. The company will use the new round of funding for hiring talent and product development efforts.

big data

China-based big data analytics firm Yonghong Tech has raised $30 million in Series C funding led by Tencent with participation from Genesis Capital and Matrix Partners. The company will use the funding for hiring talent.

cloud computing

Data center appliances developer Gridstore has acquired DCHQ, a developer of solutions for moving applications to the cloud or infrastructure containers. The acquisition provides Gridstore with an expanded Hyperconverged Infrastructure as a Service offering. Terms of the deal were not disclosed.

credit/risk

Fleet compliance and risk management solutions developer Automile has raised $6.2 million in a round of funding from SaaStr Fund and Dawn Capital. The company will use the new round of funding for marketing and sales efforts.

financial

SaaS-based private club management software developer Clubessential has raised an undisclosed amount of funding from Battery Ventures. The company will use the new round of funding for sales and product development initiatives.

financial

Online stock and options broker platform OptionsHouse has been acquired by E*Trade Financial for $725 million. The acquisition is complementary to ETrade’s derivatives capabilities. The acquisition represents 7x OptionsHouse’s 2015 reported revenues.

healthcare

Patient monitoring solutions developer InfoBionic has raised $8.2 million in Series B funding from Safeguard Scientifics. The company will use the new round of funding for research and development initiatives.

healthcare

Electronic medical record software developer Sansoro Health has raised $1.2 million in a round of funding from Healthy Ventures and TreeHouse Health. The company will use the funding for expanding sales and marketing initiatives.

hr

India-based job recruitment platform Hiree has been acquired by classifieds startup Quikr. The acquisition will see Hiree integrated into Quickr’s job seeker platform QuickrJobs. Terms of the deal were not disclosed.

security

Cybersecurity company StackPath has raised $150 million in a round of funding from ABRY Partners. The company will use the new round of funding for product development and pursuing strategic acquisition opportunities.

Information

product/Prcie information

Ardian has acquired a minority stake in France-based utility comparison company Jechange. The company will use the new resources for expanding its insurance broking comparison offering. Terms of the deal were not disclosed.

Business Services

it consulting

UK-based big data consulting company Big Data Partnership has been acquired by Teradata. The acquisition will see Big Data Partnership integrated into Teradata’s Think Big consulting practice. Terms of the deal were not disclosed.

it consulting

SAP consulting firm Virtuoso has been acquired by AMERI Holdings. The acquisition will be complementary to AMERI’s consulting service offerings in the area of SAP finance. 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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