Daily Deal Activity 08/26/16

Digital Media/Commerce

digital marketplace

Hirewire, operator of a marketplace for hiring app developers, has raised $1.8 million in a round of funding from private investors. The company will use the new round of funding for expanding its sales and engineering divisions.

digital marketplace

StudySoup, developer of a peer-to-peer class notes marketplace, has raised $1.7 million in a round of funding from undisclosed investors. The company will use the new round of funding for expanding its university and school network partnerships.

ecommerce

On-demand laundry and dry cleaning services provider Boomerang has been acquired by competitor NextCleaners. The acquisition will provide NextCleaners with an expanded geographic presence. Terms of the deal were not disclosed.

ecommerce

UK-based mobile ticketing platform Dice has raised $6 million in Series A funding led by Evolution Equity Partners with participation from Lumia Capital and White Star Capital. The company will use the funding for hiring talent and expanding operations.

niche content, marketing data

Flight data services provider FlightGlobal has acquired airline market intelligence tools developer Diio and day-of-travel data services company FlightStats. The acquisition will see both acquisitions integrated into FlightGlobal’s business intelligence services division. Terms of the deal were not disclosed.

social media/apps

Chat-based tutoring app developer GradeSlam has raised $1.6 million in a round of funding from Birchmere Ventures and BDC Capital. The company will use the new round of funding for expanding headcount.

Marketing Technology

analytics & targeting

Germany-based HoneyTracks, developer of SaaS-based analytics solutions for the gaming industry, has been acquired by gamigo. The acquisition provides gamingo with an expanded customer base. Terms of the deal were not disclosed.

commerce management

Salesfloor, a developer of SaaS-based solutions for local retailers, has raised an undisclosed amount of funding from White Star Capital. The company will use the new round of funding for expanding its presence internationally.

crm

Customer relationship management solutions company Komiko has raised $1.5 million in a round of funding from undisclosed investors. The company will use the new round of funding for expanding headcount.

sfa/lead management

Sales effectiveness platform Membrain has raised an undisclosed amount of funding from private investors. The company will use the new round of funding for building out its Salesforce integration capabilities.

agency & Marketing Services

database/analytics

Analytic consulting and direct marketing firm Precision Dialogue has been acquired by R.R. Donnelley from Kirkland Capital Partners. The acquisition provides Precision Dialogue with expanded an expanded customer base. Terms of the deal were not disclosed.

digital agency

Digital strategy and content management firm AuthX Consulting has been acquired by digital agency Create Digital. The acquisition provides Create Digital with expanded creative-based services. Terms of the deal were not disclosed.

digital agency

Implementation and consulting company HiQ International has acquired Sweden-based digital design agency Great Apes. The acquisition provides HiQ with expanded user experience capabilities. Terms of the deal were not disclosed.

Software

big data

Cloud-based data storing and processing solutions company Altiscale has been acquired by SAP for a reported $125 million. The acquisition is complementary to SAP’s cloud portfolio. Altiscale financial information was not disclosed.

cloud computing

Apollo Global Management will acquire cloud computing company Rackspace Hosting (NYSE:RAX) for $4.3 billion. The acquisition of $32 per Rackspace share represents a premium of 38 percent over the company’s August 3rd closing price. In connection with the transaction, Searchlight Capital Partners will make a strategic equity investment in Rackspace. The acquisition represents an LTM revenue multiple of 2.0x and an LTM EBITDA multiple of 7.0x.

data management

Data warehousing solutions company DB Pro has raised $1.5 million in a round of funding from Straightforward Capital. The company will use the new round of funding for product development initiatives.

financial

India-based mobile wallet solutions company MobiKwik has raised $40 million in a round of funding from Net 1 UEPS Technologies. The company will use eth funding for expanding its technology partnership with Net 1.

healthcare

Wellness management and health risk assessment software developer Hubcentrix will be acquired by iGambit. The acquisition will provides iGambit with an expanded healthcare practice. Terms of the deal were not disclosed.

business services

hr consulting

Talent acquisition and human resources consulting firm Talent Bridge has been acquired by human resources consulting company Performant Solutions. The acquisition provides Performant with an expanded geographic presence. Terms of the deal were not disclosed.

it consulting

India-based B-to-B IT service aggregator EngineerBabu has raised an undisclosed amount of funding from Scale Venture Partners. The company will use the new round of funding for expanding its client base in the US and China.

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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