Daily Deal Activity 02/27/17

Digital Media/Commerce

ecommerce

India-based cab aggregator Ola has raised $350 million at a reported valuation of $3.5 billion from SoftBank. The company has raised more than $1.2 billion to date with a one-time reported valuation of $5 billion.

ecommerce

On-demand alcohol delivery company Drizly has raised $2 million in a round of funding from undisclosed investors, bringing the company’s Series B total to $17 million. The company will use the funding for expanding its geographic presence.

digital advertising

ad networks/exchanges

Performance advertising platform S4M has acquired mobile-first demand side platform NetADge. The acquisition will see NetADge integrated into S4M’s research and development division. Terms of the deal were not disclosed.

digital promotion/coupon

Online private sales company Showroomprive.com will acquire France-based flash sales company Beauteprivee. The acquisition provides Showroomprive with an expanded presence in the online flash sales market. Terms of the deal were not disclosed.

marketing technology

analytics & targeting

Media publisher and consumer analytics software company Rhiza has been acquired by Nielsen. The acquisition will provide Nielsen with complementary media research capabilities. Terms of the deal were not disclosed.

analytics & targeting

Customer data and tag management solutions company Tealium has received an undisclosed amount of funding from Citi Ventures. The newest funding completes Tealium’s Series E round and will be used for expanding its presence internationally.

email/messaging software

SaaS-based brand to consumer messaging platform Cordial has raised $6 million in a round of funding from Upfront Ventures. The company will use the new round of funding for platform adoption initiatives.

search & discovery, mrm/workflow management

Enterprise voice assistant technology company Workfit has raised $5.5 million in a round of funding from Battery Ventures, Greycroft Partners, and Salesforce Ventures. The company will use the new round of funding for product development efforts.

traditional media

b-to-b media

Business information, events, and marketing services company BridgeTower Media has acquired business publications and events company Color Magazine. The acquisition will provide Color Magazine with the resources for expanding content and program offerings. Terms of the deal were not disclosed.

entertainment media

Virtual reality startup Bigscreen has raised $3 million in a round of funding led by Andreessen Horowitz with participation from True Ventures, Ludlow Ventures, and Presence Capital. The company will use the new round of funding for hiring talent.

Software

cloud computing

IT service management solutions company Cherwell Software has raised $50 million in a round of funding from KKR. The company will use the new round of funding for research and development initiatives.

collaboration

Google Drive integrated communications platform Cloudcom has been acquired by Sweden-based IT solutions company OMMH. The acquisition will be complementary to OMMH’s existing SMS offering. Terms of the deal were not disclosed.

collaboration

Polarity, developer of a collaboration platform for financial institutions, has raised $3.5 million in a round of funding led by Strategic Cyber Ventures with participation from Gula Tech Ventures. The company will use the new round of funding for product development efforts.

credit/risk

Dow Jones has acquired risk scoring and regulatory compliance solutions provider RiskAverter from Compliance Strategies International. The acquisition will see RiskAverter integrated into Dow Jones Risk and Compliance. Terms of the deal were not disclosed.

data management

Blockchain analytics company Skry has been acquired by blockchain software platform developer Bloq. The acquisition will provide Bloq with expanded blockchain data visualization capabilities. Terms of the deal were not disclosed.

engineering

Analytical numerical solutions provider Scilab Enterprises has been acquired by virtual prototyping solutions company ESI Group. The acquisition coincides with ESI’s technology investment strategy. Terms of the deal were not disclosed.

financial

UK-based financial agreement automation services company Dealflo has raised $12.4 million in a round of funding led by Holtzbrinck Ventures with participation from Notion Capital and Frog Capital. The company will use the new round of funding for expanding its geographic presence.

financial

Thompson Street Capital Partners-backed reporting software company Global Software has acquired data analytics software developer Globe Software. The acquisition provides Global Software with an expanded analytics practice. Terms of the deal were not disclosed.

financial

Trust accounting and private banking software developer Primacy will be acquired by Microgen in a transaction valued at $4.3 million. Primacy has reported LTM revenue for the period ended October 31 2016 of $1.5 million, representing an LTM revenue multiple of 2.8x.

hr

Contact center solutions company Genesys has acquired employee performance optimization software developer Silver Lining Solutions. The acquisition provides Genesys with expanded employee engagement offerings. Terms of the deal were not disclosed.

information

product/price information

France-based used car pricing solutions company autobiz has received and undisclosed minority investment from The PSA Group. The company will use the investment proceeds for expanding its presence within Europe.

business services

it consulting

Australia-based IT consulting services company SMS Management & Technology will be acquired by IT services provider DWS in a transaction valuing the company at $95 million. SMS has reported LTM revenues for the period ended June 30 2016 of $244.9 million and EBITDA of $12.3 million, representing an LTM revenue multiple of 0.4x and an LTM EBTIDA multiple of 7.5x.

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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