Daily Deal Activity 11/29/16

Digital Media/Commerce

niche content

Parenting website Bundoo has been acquired by digital health media company The Wellness Network. The acquisition provides The Wellness Network with expanded clinical content offerings. Terms of the deal were not disclosed.

social media/apps

Germany-based social media networks operator Poolworks will be acquired by Momentous Entertainment Group for $10 million. The acquisition coincides with Momentous Entertainment’s potential IPO strategy. Financial information was not disclosed.

Marketing Technology

content management

Private event management software company TicketSauce has raised $2.5 million in Series A funding from Frontier Venture Capital. The company will use the new round of funding for expanding marketing and sales efforts.

crm

Hotelier customer relationship management platform developer Guestfolio has been acquired by Cendyn. The acquisition provides Cendyn with expanded offerings for the hospitality industry. Terms of the deal were not disclosed.

media management system

Television advertisement management technology company Operative Media will be acquired by Francisco Partners-owned SintecMedia for a reported $200 million. The acquisition provides SintecMedia with expanded digital planning capabilities. Financial information was not disclosed.

mobile technology

Embedded mobile instant messaging platform Hyphenate has raised $13.5 million in a round of funding led by Matrix Partners with participation from Sequoia Capital and SIG. The company will use the new round of funding for expanding its presence internationally.

agency & marketing services

design agency

UK-based creative agency Karmarama will be acquired by Accenture. The acquisition will see Karamarama integrated into Accenture Interactive while providing the network with expanded offerings in Europe. Terms of the deal were not disclosed.

digital agency

Digital transformation and marketing agency HS2 Solutions has raised an undisclosed investment from Mountaingate Capital. The company will use the new round of funding for exploring potential strategic acquisition opportunities.

digital agency

The Netherlands-based digital marketing and customer experience agency Mirabeau will be acquired by Cognizant Technology Solutions (Nasdaq:CTSH). The acquisition will see Mirabeau integrated into Cognizant’s Digital Business practice. Terms of the deal were not disclosed.

promotion agency, retail services

Retail consumer marketing agency Upshot has been acquired by Advantage Solutions. The acquisition will see Upshot integrated into Advantage’s marketing division Advantage Marketing Partners. Terms of the deal were not disclosed.

traditional media

consumer magazine publishing

Home improvement magazine House2Home Showcase will be acquired by Valassis Communications. The acquisition will see House2Home included in Valassis’ shared mail brand Clipper. Terms of the deal were not disclosed.

consumer magazine publishing, niche content

Market forecasts and research publisher Rethink Technology Research has acquired digital media market publication The Online Reporter from Rider Research. The acquisition will see The Online Reporter integrated into Rethink’s Faultline service. Terms of the deal were not disclosed.

Software

collaboration

Cloud service management platform ServiceAide has raised $12 million in a round of funding from Arrowroot Capital. The company will use the new round of funding for expanding marketing and sales efforts.

data management

Content migration solutions company FileFacets has raised $4 million in series A funding from Celtic House Venture Partners and GCI Ventures. The company will use the new round of funding for expanding its sales and marketing divisions.

erp

Freight visibility platform developer MacroPoint has received a $44 million round of funding from Susquehanna Growth Equity. The company will use the new round of funding for product development initiatives.

financial

Accounts payable and payment automation solutions provider AvidXchange has raised an undisclosed amount of funding led by Fifth Third Capital with participation from Pivot Investment Partners. The company will use the new round of funding for building out its customer base.

healthcare

Clinical information systems software provider iMDsoft has been acquired by Constellation Software. The acquisition will see iMDsoft integrated into Constellation Software’s N. Harris Computer Corporation subsidiary. Terms of the deal were not disclosed.

healthcare

Health data language processing company Lexigram has raised $2 million in a round of funding from Storm Ventures. The company will use the new round of funding for building out its unstructured data context solution.

healthcare

Collaborative care platform Orb Health has raised $3.2 million in series A funding from Mt Vernon Investments. The company will use the new round of funding for expanding its presence in enterprise-level health systems.

security

Spring Mountain Capital has sold its stake in third-party risk management company Prevalent to Insight Venture Partners. The transaction follows Insight Venture Partners’ recent $60 million Series C investment in Prevalent.

software development tools

Open source code quality management platform SonarSource has raised $45 million in a round of funding from Insight Venture Partners. The company will use the new round of funding for expanding operations.

software development tools

Web application development tools company Vaadin has raised $5.3 million in a round of funding from Verdane Capital. The company will use the new round of funding for product development and marketing efforts.

business services

it consulting

Federal government cloud services provider Aquilent has been acquired by Booz Allen Hamilton (NYSE:BAH) for $250 million. The acquisition is expected to boost Booz Allen’s revenue for the remainder of fiscal 2017 (ending 3/31/2017) by up to $35 million. Aquilent financial information was not disclosed.

it consulting

Private cloud and IT managed services provider Coretelligent has raised an undisclosed investment from Veronis Suhler Stevenson. The company will use the round of funding for expanding into new client verticals.

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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