Daily Deal Activity 04/05/17

Digital Media/Commerce

mobile content/apps

Home décor discovery app Grokstyle has raised $2 million in a round of funding from Canaan Partners, Amino Capital, and Neuron.VC. The company will use the new round of funding for expanding its engineering division.

mobile content/apps

UK-based consumer savings app Oval has raised $1.5 million in a round of funding from Bertoldi Holding and B-ventures. The company will use the new round of funding for expanding marketing and compliance initiatives.

digital advertising

ad networks/exchanges

Singapore-based video and display ad network AdAsia has raised $12 million in Series A funding from JAFCO. The company will use the new round of funding for expanding its presence within China while focusing on product development.

vertical search

Travel search and price comparison portal TravelsHunter.com has been acquired by Emedia Group. The acquisition will be complementary to Emedia’s existing travel portfolio. Terms of the deal were not disclosed.

marketing Technology

content delivery network

Video streaming solutions company PhenixP2P has raised $3.5 million in Series A funding from KB Partners. The company will use the new round of funding for expanding both sales and marketing initiatives.

sfa/lead management, product/price software

SaaS-based b-to-b sales relationships platform Zilliant has raised $30 million in a round of funding from Goldman Sachs. The company will use the round of funding for expanding its presence within new b-to-b sectors.

agency & Marketing Services

digital agency, general agency

Local marketing services provider Deliver Media has received a growth equity investment from RedNest Partners. The company will use the investment proceeds for expanding its presence geographically. Terms of the deal were not disclosed.

promotion agency

Consumer packaged goods industry sales and marketing agency Impact Group has acquired competitor Signature Specialty Sales & Marketing. The acquisition will provide Impact Group with an expanded geographic presence. Terms of the deal were not disclosed.

public relations

Public relations agency Fitzroy Communications will be acquired by Teneo Holdings. The acquisition will see Fitzroy integrated into Teneo’s financial communications and crisis division Teneo Strategy. Terms of the deal were not disclosed.

traditional media

consumer magazine publishing

Sports events magazine publisher Schneider Publishing has been acquired by travel event’s organizer Northstar Travel Group. The acquisition will provide Northstar with an expanded sports division. Terms of the deal were not disclosed.

Software

cloud computing

VMware will sell its cloud offering vCloud Air to hyper-scale cloud provider OVH. The acquisition will provide OVH with an expanded offering for its existing data centers. Terms of the deal were not disclosed.

data management

Container data services company Portworx has raised $20 million in a round of funding led by Sapphire Ventures with participation from GE Ventures and Mayfield Fund. The company will use the new round of funding for product development efforts.

data management, cloud computing

Cloud data warehouse Snowflake Computing has raised $100 million in a round of funding led by Iconiq Capital with participation from Madrona Venture Group, Altimeter Capital, Redpoint Ventures, Sutter Hill Ventures, and Wing Ventures. The company will use the funding for expanding its presence within the UK.

erp

Constellation Software will acquire Dealer Information Systems, a provider of business system software to agricultural, construction, and material handling dealers. The acquisition will see DIS integrated into Perseus. Terms of the deal were not disclosed.

erp, bpo

OMERS Private Equity will acquire supply chain commerce software developer Inmar from ABRY Partners. The acquisition will provide Inmar with the resources for expanding its presence internationally. Terms of the deal were not disclosed.

healthcare

Practice management and revenue cycle management solutions provider Intermedix will  acquire WPC Healthcare. Terms of the deal were not disclosed.

hr

Employee background screening and onboarding solutions company Global HR Research has been acquired by Renovo Capital from Patriot National. The acquisition will provide Global HR with the resources for expanding operations. Terms of the deal were not disclosed.

security

Cloud threat intelligence company Armor has raised $89 million in a round of funding led by ST Telemedia with participation from The Stephens Group. The company will use the round of funding for platform development efforts.

security

UK-based email security platform CheckRecipient has raised $2.7 million in a round of funding led by Accel Partners and LocalGlobe with participation from Winton Ventures and Amadeus Capital Partners. The company will use the new round of funding for expanding headcount.

security

Cybersecurity solutions company Critical Informatics has raised $3.3 million in Series A funding from East Seattle Partners. The company will use the new round of funding for expanding its sales and marketing divisions.

software development tools

Cloud platform development company Pivot Security has been acquired by PCB Apps. The acquisition will provide PCB Apps with an expanded application deployment platform. Terms of the deal were not disclosed.

information

credit/risk information

China-based credit assessment firm Wecash has raised $80 million in Series C funding from China Merchants Group, Forebright Capital, and SIG. The company will use the new round of funding for expanding its presence within Latin America.

financial information

Institutional finance information company Street Contxt has raised an undisclosed amount of funding from Point72 Ventures, Palm Drive Capital, and Portag3 Ventures. The company will use the new round of funding for hiring talent.

business services

bpo

Customer experience solutions company Teletech (Nasdaq:TTEC) will acquire healthcare plan member acquisition and retention company Connextions for $80 million. The acquisition will see Connextions integrated into TeleTech Healthcare Solutions. Connextions has reported LTM revenues for the period ended December 31 2016 of $115 million, representing an LTM revenue multiple of 0.7x.

it consulting

Canada-based IT consulting services provider Alithya has acquired software engineering consulting firm Systemware Innovation Corporation. The acquisition will provide Alithya with an expanded international presence. Terms of the deal were not disclosed.

it consulting

NetSuite consulting partner Navigant Solutions will be acquired by cloud consulting services provider Sixred Ventures. The acquisition will provide Sixred 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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