Daily Deal Activity 11/18/16

Digital Media/Commerce

ecommerce

UAE-based on-demand video streaming service Starz Play has raised an undisclosed amount of funding led by SEQ Capital Partners with participation from Delta Partners Capital. The company will use the funding for launching new content offerings.

gaming

Fantasy sports companies DraftKings and FanDuel have agreed to a merger of equals deal that will see each company continue to operate under their respective brand names. The transaction is expected to close in 2017. Terms of the deal were not disclosed.

niche content, gaming

Video game entertainment and video content company Machinima has been acquired by Warner Bros. The acquisition will see Machinima integrated into Warner Bros. Digital Networks. Terms of the deal were not disclosed.

Marketing Technology

analytics & targeting

Behavior analytics company Cogito has raised $15 million in a round of funding led by OpenView with participation from Romulus Capital and Salesforce Ventures. The company will use the new round of funding for expanding its phone conversation analysis offering.

crm

Customer engagement and service platform Sparkcentral has raised $20 million in a round of funding led by LRM with participation from Split Rock Partners and Jackson Square Ventures. The company will use the new round of funding for expanding its presence internationally.

email/messaging software

Messaging bot syndication service company Message.io has raised $2.5 million in a round of funding led by Khosla Ventures and Eniac Ventures with participation from Goldcrest Capital and Two Simga. The company will use the funding for building out its enterprise-level offerings.

website creation/hosting

China-based AllMobilize, a developer tools making websites smart phone compatible, has raised $15 million in a round of funding from Fortune Capital. The company will use the new round of funding for research and development initiatives.

agency & Marketing services

general agency

UK-based agency holding group Creston will be acquired by RedWhiteBlue Digital Marketing, an entity controlled by the company’s largest shareholder Dbay Advisors, in a transaction valuing the company at $89.7 million. RedWhiteBlue will acquire the remaining 71.9 percent stake in the company that Dbay Advisors does not already own. Creston has reported LTM revenues for the period ended June 30th of $155.6 million and EBITDA of $14.9 million, representing a revenue multiple of 0.7x and an EBITDA multiple of 6.9x.

traditional media

broadcast television

Automotive and motorsport digital technology and broadcast company Motors TV has been acquired by Motorsport Network. The acquisition will see Motors TV integrated into Motorsport.tv. Terms of the deal were not disclosed.

Software

cloud computing

Network performance monitoring company NetBeez has raised an undisclosed amount of funding from Partech Ventures. The company will use the new round of funding for expanding its customer base and hiring talent.

erp

Operational management software developer Ekhosoft has been acquired by renewable energy assets software company Power Factors. The acquisition provides Power Factors with an expanded customer base. Terms of the deal were not disclosed.

financial

Digital wealth management platform AdvisorEngine has raised $20 million in Series A funding from WisdomTree Investments (Nasdaq:WETF). The company will use the new round of funding for product development initiatives.

financial

Financial professional’s digital applications company RepPro has raised an undisclosed amount of funding from Annexus Ventures. The company will use the new round of funding for expanding operations and hiring talent.

geo-demo

Location data and mapping startup SocialRadar has been acquired by Verizon. The acquisition will see SocialRadar integrated MapQuest while providing expanded consumer-facing capabilities. Terms of the deal were not disclosed.

hr

College job search software developer Handshake has raised $20 million in a round of funding led by Spark Capital with participation from Kleiner Perkins Caufield & Byers, True Ventures, and Lightspeed Venture Partners. The company will use the funding for expanding its sales division.

security

Cybersecurity company Proficio has raised $12 million in a round of funding led by Kayne Anderson Capital Advisors with participation from M1. The company will use the new round of funding for expanding its engineering division.

security

Identity authentication solutions company Trust Stamp has raised an undisclosed amount of funding from Second Century Ventures. The company will use the new round of funding for expanding its presence in the real estate vertical.

software development tools

Software development and consulting firm CLINapps has been acquired by clinical trial technology company Bracket. The acquisition provides Bracket with complementary offerings for its eClinical solutions suite. Terms of the deal were not disclosed.

software development tools

Open source project manager Conan has been acquired by artefact repository and distribution platform JFrog. The acquisition provides JFrog with expanded offerings for C/C++ developers. Terms of the deal were not disclosed.

software development tools

SaaS deployment solution company Tray.io has raised $5 million in Series A funding led by Mosaic Ventures with participation from True Ventures. The company will use the new round of funding for expanding its customer base.

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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