Daily Deal Activity 06/02/17

Digital Media/Commerce

digital marketplace

Lebanon-based automotive marketplace Seez has raised $1.8 million in a round of funding from B&Y and Wamda Capital. The company will use the new round of funding for expanding headcount and operations.

ecommerce

Germany-based online furniture platform Monoqi has raised $16.9 million in a round of funding from Al Jazeera Al Hadina. The company will use the new round of funding for expanding its presence internationally.

gaming

Double U Games has acquired Korea-based game development company The 8 Games for $41.7 million. The acquisition will provide Double U with an expanded social gaming offering. Financial information was not disclosed.

niche content

Online festivals portal Everfest has raised $3.6 million in a round of funding from Live Nation Entertainment and ATX Seed Ventures. The company will use the new round of funding for expanding its music and cultural festivals network.

marketing Technology

crm

Real estate customer relationship management platform PropertyBase will be acquired by real estate marketing and design services provider Boston Logic. The acquisition will provide Boston Logic with an expanded international presence. Terms of the deal were not disclosed.

mrm/workflow management

France-based scheduling assistant technology developer Julie Desk has raised $2.8 million in a round of funding from Entrepreneur Ventures, SaaS Capital, and Side Capital. The company will use the new round of funding for product development.

traditional media

b-to-b media

Metropolis International Group has acquired 11 UK-based business media brands from Ascential in a transaction valued at $30.3 million. The Heritage Brands business reported LTM revenues for the period ended December 31 2016 of $39.6 million and LTM EBITDA of $8.5 million, representing an LTM revenue multiple of 0.7x and an LTM EBITDA multiple of 3.4x.

ntertainment media

Dalian Wanda Group-owned Ironman events operator World Triathlon Corp. will acquire the Rock ‘n’ Roll Marathon series. The acquisition will provide the Rock ‘n’ Roll series with the resources for expanding its presence internationally. Terms of the deal were not disclosed.

Software

big data, security

Cybersecurity data analytics company Panaseer has raised $3.3 million in a round of funding from Albion Ventures, Notion Capital, Winton Ventures, Paladin Capital Group, and Evolution Equity Partners. The company will use the funding for expanding its presence in the US.

financial

Spain-based revenue management solutions developer Beonprice has raised $1.6 million in a round of funding from K Fund. The company will use the new round of funding for expanding its presence internationally.

financial

Children’s debit card company Greenlight Financial Technology has raised $7.5 million in a round of funding led by Relay Ventures with participation from Social Capital and New Enterprise Associates. The company will use the new round of funding for expanding headcount.

financial

Financial advice and assistant technology developer Max has raised $22.5 million in a round of funding from Credit Mutuel Arkea. The company will use the new round of funding for product development initiatives.

erp

Descartes Systems (Nasdaq:DSGX) will acquire supply chain and inventory control solutions company PCSTrac for $11.3 million. The acquisition will provide Descartes with expanded store replenishment and visibility offerings. Financial information was not disclosed.

erp, logistics

Logistics and telematics company Omnitracs has acquired the Shaw Tracking fleet-management solutions division of Shaw Communications. The acquisition will provide Omnitracs with an expanded electronic logic device offering. Terms of the deal were not disclosed.

hr

China-based employee benefits platform Neigou.com has raised $14 million in a round of funding from China’s National SMEs Fund. The company will use the new round of funding for expanding its engineering division.

infrastructure, application management

Amazon Web Services application management and infrastructure company Turing Group has received a strategic investment from ServerCentral. The company will use the investment proceeds for expanding its geographic presence. Terms of the deal were not disclosed.

security

Cybersecurity solutions company SpyCloud has raised $2.5 million in a round of funding from Silverton Partners and March Capital Partners. The company will use the new round of funding for launching its platform.

security

Routing network and security software solutions developer Vyatta will be acquired by AT&T. The acquisition coincides with AT&T’s network virtualization and software-control strategy. Terms of the deal were not disclosed.

software development tools

UK-based ebb3, developer of a platform for developing 3D graphical applications, has raised $1.3 million in a round of funding from Maven Capital Partners. The company will use the new round of funding for hiring talent.

Business Services

it consulting

Digital transformation services firm PointSource has been acquired by Globant (NYSE:GLOB) for $28 million. The acquisition will provide Globant with an expanded presence within the US. Financial information was not disclosed.

it consulting

Agile consulting and transformation solutions firm SolutionsIQ has been acquired by Accenture. The acquisition will see SolutionsIQ integrated into Accenture’s Technology Services division. 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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