Daily Deal Activity 06/23/17

Digital Media/Commerce

digital marketplace

Algorithms marketplace Algorithmia has raised $10.5 million in a round of funding from GV, Madrona Venture Group, Rakuten Ventures, and Osage University Partners. The company will use the new round of funding for hiring talent.

ecommerce

Home automation eCommerce site operator Smartlabs has been acquired by Richmond Capital Partners. The acquisition will see Richmond Capital provide Smartlabs with $7.3 million in funding as the company looks to expand its presence within the Internet of Things industry. Terms of the deal were not disclosed.

digital advertising

digital promotion/coupon

Online marketing content automation company OwnLocal has acquired coupon discovery and shopping applications company Wanderfal Media. The acquisition will provide OwnLocal with an expanded presence within the local-shopping space. Terms of the deal were not disclosed.

email services

User acquisition and email marketing company React2Media has been acquired by Spain-based performance marketing company Antevenio for $4.4 million. The acquisition will provide Antevenio with an expanded international presence. React2Media has reported LTM revenues for the period ended December 31 2016 of $5.6 million, representing an LTM revenue multiple of 0.8x.

vertical search

Switzerland-based Hosco, operator of a job recruitment platform for the hospitality sector, has raised $7.2 million in a round of funding from Athos Capital and private investors. The company will use the new round of funding for expanding its presence internationally.

marketing Technology

data quality

B-to-B customer data cleansing automation provider Synthio has raised $10.5 million in a round of funding from Fulcrum Equity Partners, Vocap Investment Partners, Stanley Partners, and Ellis Capital. The company will use the new round of funding for expanding operations.

media management system

Subscription management solutions company Atex Group will be acquired by Italy-based digital marketing company axelero for $7.5 million. Atex Group has reported LTM revenue for the period ended December 31 of $20.1 million  and LTM EBITDA of $1.8 million, representing an LTM revenue multiple of 0.2x and an LTM EBITDA multiple of 2.8x.

traditional media

consumer magazine publishing

Home design magazine New York Spaces has been acquired by MOD Media from Davler Media Group. The acquisition will be complementary to MOD’s regional luxury lifestyle portfolio. Terms of the deal were not disclosed.

Software

application management

SaaS-based application performance management company Opbeat has been acquired by open source product search tools developer Elastic. The acquisition will provide Elastic with an expanded cloud offering. Terms of the deal were not disclosed.

data management

Enterprise data management company Datometry has raised $10 million in Series A funding led by Redline Capital with participation from Dell Technologies Capital and Acorn Pacific Ventures. The company will use the new round of funding for product development efforts.

erp

Australia-based logistics management platform Getswift has raised $18.2 million in a round of funding from IFM Investors, Thorney Investment Group, and Regal Funds. The company will use the new round of funding for expanding within the healthcare and manufacturing verticals.

erp

Cloud warehouse and inventory management software Logiwa has raised an undisclosed amount of funding from Revo Capital. The company will use the round of funding for expanding into new market verticals.

financial

EnerNOC (Nasdaq:ENOC), a developer of SaaS-based energy cost visualization solutions, has been acquired by Enel Green Power in a transaction valued at $292 million. The acquisition of $7.67 per EnerNOC share represents a 42 percent premium over the company’s June 21 closing price. EnerNOC has reported LTM revenues for the period ended March 31 2017 of $399 million, representing an LTM revenue multiple of 0.7x.

financial

Gaming company Razer has invested $20 million in Malaysia-based online payment solutions company MOL Global. The company will use the new round of funding for partnering with Razer as it looks to expand its digital currency solutions within Asia.

healthcare

Digital healthcare applications company Now Healthcare Group has raised $5.1 million in a round of funding from Medicash. The company will use the new round of funding for building out its telehealth platform.

infrastructure

Financial technology platforms and data distribution solutions company Practiced Strategies has been acquired by student loan refinancing services company Purefy. The acquisition will provide Purefy with expanded student loan platform architecture. Terms of the deal were not disclosed.

business services

it consulting

Perficient (Nasdaq:PRFT) will acquire cloud implementation and digital experience design consultancy Clarity Consulting. The company has reported LTM revenues of $27 million, and the acquisition will be complementary to Perficient’s Microsoft offerings. Terms of the deals 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.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: