Daily Deal Activity 02/23/17

Digital Media/Commerce

ecommerce

Hostmaker, a provider of on-demand property management services for Airbnb hosts, has raised $6.3 million in a round of funding from DN Capital. The company will use the new round of funding for expanding its geographic presence.

ecommerce

Sycamore Partners will acquire the eCommerce business and intellectual property of bankrupt women’s apparel retailer The Limited for a reported $26.8 million. The acquisition will be complementary to Sycamore’s retail portfolio. Financial information was not disclosed.

gaming

Sweden-based online gaming company Kindred Group will acquire UK-based competitor 32Red in a transaction valuing the company at $219 million. 32Red has reported LTM revenues for the period ended June 30th 2016 of $80.4 million and LTM EBITDA of $8.9 million, representing an LTM revenue multiple of 2.9x and an LTM EBITDA multiple of 25.7x.

gaming

Ireland-based gaming studio Black Shamrock has been acquired by video game contractor Virtuos. The acquisition will provide Virtuos with expanded game design and content capabilities. Terms of the deal were not disclosed.

gaming

China-based online games development and publishing company Shinezone has raised $58.2 million in a round of funding from China Fortune Securities, Shanshan Venture Capital, and Nord Engine Capital. The company will use the new round of funding for expanding its presence internationally.

mobile content/apps

Mobile augmented reality tools developer Zappar has raised $3.8 million in a round of funding led by Hargreave Hale with participation from You & Mr Jones. The company will use the new round of funding for expanding marketing initiatives.

social media/apps, niche content

Art enthusiast’s community deviantArt has been acquired by Wix.com in a transaction valuing the company at $36 million. The acquisition will provide deviantArt with expanded web design tools. The acquisition is expected to increase Wix.com’s 2017 revenue outlook by a reported $8 million.

social media/apps

Social peer-to-peer payments app Tilt has been acquired by Airbnb. The acquisition will see Tilt provide Airbnb with complementary trip-booking capabilities as the company looks to expand its travel offerings. Terms of the deal were not disclosed.

digital advertising

ad networks/exchanges

Demand-side platform Turn will be acquired by Singtel-owned digital marketing firm Amobee in a transaction valuing the company at $310 million. Turn has raised more than $152 million to date since 2005. Financial information was not disclosed.

mobile marketing

Location-based marketing services company MomentFeed has raised $16.3 million in a round of funding led by Level Equity with participation from Signia Venture Partners, Draper Nexus, and DFJ Frontier. The company will use the new round of funding for expanding its engineering division.

marketing technology

ad serving

Ad recovery platform Uponit has raised $2.3 million in a round of funding led by Jerusalem Venture Partners with participation from KDC Media Fund. The company will use the new round of funding for expanding its marketing and sales divisions.

social technology, analytics & targeting

Social analytics company LiftMetrix has been acquired by social media management company HootSuite. The acquisition will be complementary to Hootsuite’s existing social media metrics dashboard. Terms of the deal were not disclosed.

agency & Marketing Services

database/analytics

Digital marketing and analytics firm Cornerstone Group of Companies has been acquired by Deloitte. The acquisition will see Cornerstone integrated into Deloitte’s Financial Advisory practice. Terms of the deal were not disclosed.

traditional media

b-to-b media

Online trade publication Street Fight has been acquired by location-based digital marketing solutions company Brandify. The acquisition provides Brandify with an expanded events and research portfolio. Terms of the deal were not disclosed.

Software

cloud computing, data management

Distributed cloud storage provider Storj Labs has raised $3 million in a round of funding from Google Ventures, Qualcomm Ventures, Ionic Security, and Techstars. The company will use the new round of funding for product development.

credit/risk

Driver risk management software developer Vigillo has been acquired by ABRY Partners-baked SambaSafety. The acquisition will provide SambaSafety with expanded motor carrier safety measure performance offerings. Terms of the deal were not disclosed.

data management

Enterprise document design company Eclipse Corporation has acquired document presentation and delivery software developer OF Software. The acquisition provides Eclipse with an expanded presence in the education and finance verticals. Terms of the deal were not disclosed.

engineering

Energy resource management solution developer Enbala Power Networks has raised $12 million in Series B funding led by ABB Technology Ventures with participation from GE Ventures, National Grid, and Obvious Ventures. The company will use the new round of funding product development efforts.

engineering

Mercatus, a developer of cloud software for managing energy development projects, has raised $16.8 million in a round of funding from TPG ART. The company will use the new round of funding for launching its Asset Management Solution offering.

erp

Aptean will acquire the irms|360 Enterprise Solutions cloud warehouse and asset management division of Upp Technology. The acquisition will provide Aptean with expanded data security and accessibility offerings. Terms of the deal were not disclosed.

hr

License compliance tool Fossa has raised $2.2 million in a round of funding led by Bain Capital Ventures with participation from private investors. The company will use the new round of funding for hiring talent.

hr

SaaS-based talent management solutions developer Halogen Software has been acquired by Saba Software in a transaction valuing the company at $175 million. Halogen LTM revenues for the period ended September 30th 2016 of $70.7 million and LTM EBITDA of $3.3 million, representing a LTM revenue multiple of 2.5x and an LTM EBITDA multiple of 53.3x.

infrastructure

Enterprise DNS and network infrastructure solutions company BlueCat Networks has been acquired by Madison Dearborn Partners. The acquisition will provide BlueCat with the resources for product development initiatives. Terms of the deal were not disclosed.

infrastructure

Nymbus, developer of a core processing platform for financial institutions, has raised $16 million in a round of funding from Home Credit Group. The company will use the new round of funding for expanding its presence internationally.

security

Consumer data security company Privacy Labs has raised $4 million in a round of funding led by Initialized Capital with participation from Liquid 2 Ventures, Crunchfund, and Fuel Capital. The company will use the new round of funding for product development efforts.

information

credit/risk information, mobile content/apps

Mobile credit scoring company Tala has raised $30 million in Series B funding led by IVP with participation from Ribbit Capital, Lowercase Capital, Data Collective, and Collaborative Fund. The company will use the new round of funding for expanding headcount.

business services

Training

Systems integrator New Signature has acquired Microsoft partner and managed services provider Paradigm Systems. The acquisition will provide New Signature with an expanded geographic presence. 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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