Daily Deal Activity 04/21/17

Digital Media/Commerce

ecommerce

Apartment rental search platform Bedly has raised $2.7 million in a round of funding from Accomplice and undisclosed investors. The company will use the new round of funding for expanding its sales and marketing divisions.

digital advertising

digital promotion/coupon

Hotel rebooking platform DreamCheaper has raised $1.6 million in a round of funding from Holtzbrinck Ventures and TruVenturo. The company will use the new round of funding for expanding marketing initiatives.

vertical search

India-based online classifieds company Info Edge has acquired job discovery portal AmbitionBox. The acquisition will provide Info Edge with an expanded recruitment offering for its Nakuri platform. Terms of the deal were not disclosed.

marketing Technology

analytics & targeting, social technology

SweetIQ, a developer of digital presence and reputation management solutions for local businesses, has been acquired by Gannett. The acquisition will provide Gannet with an expanded digital information management offering. Terms of the deal were not disclosed.

creative production platform

France-based video creation platform Pitchy has raised $4.3 million in a round of funding from Seventure Partners and Bpifrance. The company will use the new round of funding for product development efforts.

media management system

Shared storage and media management system EditShare has acquired quality control solutions company Quales. The acquisition will provide EditShare with expanded online video quality check capabilities. Terms of the deal were not disclosed.

social technology

Audience engagement technology company Lumi has been acquired by Vector Capital. The acquisition will provide Lumi with the resources for product development initiatives. Terms of the deal were not disclosed.

agency & marketing services

digital agency

Australia-based digital and communication services firm Bambu Digital has been acquired by social media management solutions company Manalto for $3.8 million. The acquisition will provide Manalto with an expanded presence within Southeast Asia. Financial information was not disclosed.

digital agency

Japan-based data integration solutions company Infoteria has acquired UK-based digital design services company This Place for $8.8 million. The acquisition will provide Infoteria with expanded digital strategy capabilities. Financial information was not disclosed.

public relations

Public relations and marketing services firm Pivot Point Communications has been acquired by public affairs and advocacy services provider Beekeeper Group. The acquisition will provide Beekeeper with an expanded geographic presence. Terms of the deal were not disclosed.

traditional media

broadcast television

Television stations operator Bonten Media Group will be acquired by Sinclair Broadcast Group for $240 million. The acquisition will be complementary to Sinclair’s local television broadcasting network. Financial information was not disclosed.

Software

cloud computing

Enterprise cloud solutions company Echo Cloud has been acquired by hybrid cloud service provider Online Tech. The acquisition will provide Online Tech with an expanded cloud infrastructure offering. Terms of the deal were not disclosed.

data management, cloud computing

Cloud backup company Spanning has been acquired by Insight Venture Partners from Dell Technologies. The acquisition will provide Spanning with the resources for expanding its presence internationally. Terms of the deal were not disclosed.

hr

Malaysia-based human resources software startup Swingvy has raised $1.1 million in a round of funding from Big Basin Capital and Walden International. The company will use the new round of funding for expanding its user base.

security

Application and network security testing solutions provider NetSPI has raised an undisclosed amount of funding from Sunstone Partners. The company will use the new round of funding for expanding operations.

business services

financial consulting

Wealth management best practices services company Focus Financial Partners has received an undisclosed majority investment valuing the company at a reported $2 billion from Stone Point Capital and KKR. The company will use the investment proceeds for expanding operations.

it consulting

IT support and managed services provider Eye-Tech IT has been acquired by cloud hosting and IT security company soVision. The acquisition will provide soVision with an expanded geographic presence. Terms of the deal were not disclosed.

logistics

India-based vendor logistics startup InLogg has been acquired by Flipkart-owned digital retailer Myntra. The acquisition will provide Myntra with an expanded logistics network. 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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