Daily Deal Activity 08/23/16

Digital Media/Commerce

digital marketplace

Peer-to-peer insurance company Lemonade has raised an undisclosed amount of funding from XL Innovate. The company will use the new round of funding for hiring talent while launching out of beta testing.

ecommerce

Digital textbook company RedShelf has raised $4 million in Series B funding from Coniston Capital. The company will use the round of funding for product development efforts while building out content partnerships.

mobile content/apps

Connected device access and login app developer Proxy has raised $1.6 million in a round of funding from private investors. The company will use the new round of funding for research and development initiatives.

web search/portals

Private search and anti-tracking browser Cliqz has raised an undisclosed amount of funding from Mozilla. The company will use the new round of funding building out integration features with Mozilla’s Firefox browser.

digital advertising

digital promotion/coupon

In-store personalized promotions company Upside Commerce has raised $1.2 million in a round of funding from WolfCreek Partners and SocialStarts. The company will use the new round of funding for expanding headcount.

vertical search

Russia-based travel search and booking company OneTwoTrip has raised $2.5 million in a round of funding from Vostok New Ventures. The company will use the new round of funding for expanding its international presence.

Marketing Technology

bi tools

SaaS-based work performance management solutions company Scoro has raised $1.9 million in a round of funding from SmartCap and Inventure. The company will use the new round of funding for expanding its sales division.

crm

India-based email contact solutions company Profoundis has been acquired by contact relationship management startup FullContact. The acquisition provides FullContact with an expanded international presence. Terms of the deal were not disclosed.

email/messaging software

Customer service messaging solutions company Centricient has raised $6.5 million in a round of funding led by Venrock with participation from Next Frontier Capital. The company will use the new round of funding for expanding its partnership network.

agency & Marketing Services

public relations

Public relations agency LANE has been acquired by public relations firm Finn Partners. The acquisition provides Finn Partners with an expanded presence within the financial services industry. Terms of the deal were not disclosed.

tradtional media

newspaper publishing

Newspaper publisher Ogden Newspaper has acquired the Daily Herald publication and media operations of Lee Enterprises (NYSE:LEE). The acquisition provides Ogden with expanded domestic operations. Terms of the deal were not disclosed.

Software

big data

Big data and mainframe software company Syncsort has acquired database management and mainframe solutions developer Cogito. The acquisition provides Syncsort with strengthened mainframe performance capabilities. Terms of the deal were not disclosed.

cloud computing

Veritone, a provider of cloud computing solutions for broadcasters and advertisers, has raised $50 million from Acacia Research. The company will use the new round of funding for product development initiatives.

erp

Freight optimization software developer Banyan Technology has raised $2 million in a round of funding from River SaaS Capital. The company will use the new round of funding for expanding its customer base while building out its sales division.

healthcare

Canada-based electronic medical records company QHR Corporation has been acquired by pharmacy solutions company Loblaw. The acquisition will see QHR integrated into Loblaw’s Shoppers Drug Mart division. Terms of the deal were not disclosed.

legal

Legal intelligence company Logikcull has raised $10 million in a round of funding led by OpenView with participation from Storm Ventures. The company will use the new round of funding for expanding operations.

security

Connected device security solutions company Kombridge has been acquired by telecommunications company Tele2. The acquisition will see Kombridge integrated into Tele2’s internet-of-things division. Terms of the deal were not disclosed.

security

Incident response management platform Radar has raised $6.2 million in a round of funding from private investors. The company will use the new round of funding for expanding operations and headcount.

security

Threat intelligence platform ThreatQuotient has raised $12 million in Series B funding led by New Enterprise Associates with participation from Blue Venture Investors. The company will use the new round of funding for expanding sales efforts.

business services

it consulting

Australia-based identity and access management consultancy Redcore has been acquired by Accenture. The acquisition is complementary to Accenture’s existing security-as-a-service and access management services as the company looks to expand its presence in the Asia-Pacific region. Terms of the deal were not disclosed.

management consulting

Woodland, O’Brien & Scott, a provider research and management consulting services for the home building industry, has been acquired by Constellation HomeBuilder Systems. The acquisition provides Constellation with expanded customer insight offerings. 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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