Daily Deal Activity 05/10/17

Digital Media/Commerce

ecommerce

Italy-based online beauty services booking platform Uala has acquired Spain-based competitor Bucmi. The acquisition will provide Uala with an expanded presence within Europe. Terms of the deal were not disclosed.

ecommerce

On-demand home services company Freska has raised $2.2 million in a round of funding from Spintop Ventures and Momentum Partners. The company will use the new round of funding for expanding its geographic presence.

gaming

Live casino gaming platform Codeta has raised $2.5 million in a round of funding led by Trention with participation from private investors. The company will use the new round of funding for expanding headcount.

mobile content/apps

Personal finance management application Empower has raised an undisclosed amount of funding from Sequoia Capital. The company will use the new round of funding for expanding its engineering and marketing divisions.

mobile content/apps

Mobile meditation application Simple Habit has raised $2.5 million in a round of funding from New Enterprise Associates and Foundation Capital. The company will use the new round of funding for expanding headcount.

social media/apps

B-to-B multiplatform music company Stingray Digital Group has acquired Israel-based social music apps developer Yokee Music. The acquisition will provide Stingray with expanded mobile app development capabilities. Terms of the deal were not disclosed.

marketing Technology

ad serving

Display ads software solutions provider Algorithmic Ads has been acquired by search marketing software developer WordStream. The acquisition will provide WordStream with an expanded display advertising campaign offering. Terms of the deal were not disclosed.

crm, analytics & Targeting

Sales data and customer analytics company Gainsight has raised $52 million in Series E funding led by Lightspeed Venture Partners with participation from Battery Ventures, Bain Capital Ventures, Bessemer Venture Partners, Salesforce Ventures, Cisco Investments, and Insight Venture Partners. The company will use the new round of funding for expanding its presence internationally.

mobile technology, software development tools

Sweden-based IT and geospatial solutions company Hexagon has acquired mobile app development platform provider Catavolt. The acquisition will coincide with Hexagon’s SMART X strategy. Terms of the deal were not disclosed.

search & discovery

SaaS-based localization solutions company Qordoba has raised $5 million in Series A funding from Upfront Ventures and Rincon Venture Partners. The company will use the new round of funding product development.

sfa/lead management

Real estate technology platform Opcity has raised $27 million in a round of funding led by Icon Ventures with participation from Georgian Partners and LiveOak Venture Partners. The company will use the new round of funding for expanding its real estate brokers network.

traditional media

b-to-b media

India-based blog conference operator BlogX has been acquired by digital marketing agency Techmagnate. The acquisition will provide Techmagnate with an expanded events division. Terms of the deal were not disclosed.

entertainment media

DHX Media will acquire an 80 percent stake in the entertainment unit of Iconix Brand Group (Nasdaq:ICON) in a transaction valuing the division at $345 million. Financial information was not disclosed.

Software

credit/risk

Claim management and adjustment solutions provider BrightClaim has been acquired by Genpact (NYSE:G). The acquisition will provide Genpact with an expanded geographic presence. Terms of the deal were not disclosed.

credit/risk

Unclaimed refunds and insurance payout solutions company Claimdog has been acquired by Credit Karma. The acquisition will provide Kredit Karma with complementary capabilities for its existing credit monitoring service. Terms of the deal were not disclosed.

financial

Subscription billing solutions company Zuora has acquired revenue recognition solutions developer Leeyo Software. The acquisition will provide Zuora with an expanded subscription accounting offering. Terms of the deal were not disclosed.

financial

Financial service technology matching platform Matchi has been acquired by KPMG. The acquisition will provide KPMG with expanded curation capabilities for its fintech database. Terms of the deal were not disclosed.

healthcare

Practice management and revenue cycle management solutions company Modernizing Medicine has received a $231 million investment from Warburg Pincus. The company will use the investment proceeds for product development efforts.

healthcare

Care coordination and healthcare connectivity solutions company Updox has raised $12.7 million in Series B funding led by TT Capital Partners with participation from Rev1 Ventures. The company will use the new round of funding for hiring talent.

hr

Artificial intelligence-powered recruiting solutions company Mya Systems has raised $11.4 million in Series A funding from Emergence Capital. The company will use the new round of funding for scaling operations.

infrastructure

Broadway Technology, a developer of infrastructure solutions for financial institutions, has received a $42 million minority investment from Long Ridge Equity Partners. The company will use the new round of funding for expanding its presence internationally.

infrastructure

Open source infrastructure solutions provider Cockroach Labs has raised $27 million in Series B funding from Redpoint Ventures, GV, Benchmark, Index Ventures, and FirstMark Capital. The company will use the new round of funding for expanding operations.

infrastructure

Private cloud infrastructure company MacStadium has raised an undisclosed amount of funding led by Summit Partners with participation from Noro-Moseley Partners. The company will use the new round of funding for product development initiatives.

software development tools

Mobile developer research and development tools provider AppOnBoard has raised $4 million in a round of funding from Troy capital Partners, London Venture Partners, and 500 Startups. The company will use the new round of funding for expanding operations.

business services

bpo, collaboration software

West Corporation (Nasdaq:WSTC) will be acquired by Apollo Global Management in a transaction valuing the company at $5.1 billion. The acquisition of $23.50 per West Corporation share represents a 17.5 percent over the company’s November 1 2016 closing price. West Corporation has reported LTM revenues for the period ended December 31 2016 of $2.3 billion and LTM EBITDA of $654 million, representing an LTM revenue multiple of 2.2x and an LTM EBITDA multiple of 7.6x.

healthcare consulting

INC Research (Nasdaq:INCR) will acquire a majority stake in healthcare services company inVentiv Health in a transaction valuing the company at $4.6 billion. The acquisition will see Advent International and Thomas H. Lee Partners own a 47 percent stake in the combined company. InVentiv has reported LTM revenues for the period ended December 31 2016 of $2.2 billion and LTM EBITDA of $343 million, representing an LTM revenue multiple of 2.1x and an LTM EBITDA multiple of 13.4x.

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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