Daily Deal Activity 07/13/17

Digital Media/Commerce

digital marketplace, local search

Pet sitting network Rover.com has raised $65 million in a round of funding led by Spark Capital with participation from Bespoke Strategies, StepStone Group, Madrona Venture Group, Menlo Ventures, TCV, and Foundry Group. The company will use the new round of funding for expanding its presence internationally.

ecommerce

On-demand alcohol delivery company Saucey has raised $5.4 million in a round of funding led by Bullpen Capital, Blumberg Capital, and Structure Capital. The company will use the new round of funding for expanding its geographic presence.

ecommerce

Uber has formed a partnership with Russia-based search portal Yandex that will see Uber invest $225 million in Yandex’s ride-hailing service Yandex.Taxi. The transaction will see Uber take a 33.6 percent stake in the company with Yandex investing a further $100 million while retaining a majority stake.

gaming

Virtual reality game development company inXile Entertainment has raised $4.5 million in a round of funding from gumi and undisclosed investors. The company will use the new round of funding for launching a new VR title.

gaming

Casino games and sports applications developer Red7Mobile has been acquired by Scientific Games Corporation (Nasdaq:SGMS). The acquisition will provide SGMS with an expanded presence within real money betting markets. Terms of the deal were not disclosed.

mobile content/apps

Career exploration application PathSource has been acquired by student enrollment solutions company AcademixDirect. The acquisition will provide AcademixDirect with an expanded mobile offering. Terms of the deal were not disclosed.

social media/apps, niche content

Female entrepreneur’s investment network Female Funders has been acquired by Highline BETA. The acquisition will provide Highline with an expanded user base and content offering. Terms of the deal were not disclosed.

social media/apps

Germany-based professional networking websites operator XING has acquired InterNations, operator of a social network for expats. The acquisition will provide XING with an expanded user base. Terms of the deal were not disclosed.

social media/apps

Hyperlocal social networking app Pulse has been acquired by peer-to-peer messaging application Hike. The acquisition will provide Hike with an expanded community offering. Terms of the deal were not disclosed.

digital advertising

affiliate/cpa network

TradersCrux.com, operator of a website for investment advice for individual investors, has been acquired by Salem Media Group (Nasdaq:SALM). The acquisition will see TradersCrux.com integrated into Eagle Financial Publications. Terms of the deal were not disclosed.

mobile marketing

Upland Software (Nasdaq:UPLD) has acquired on-demand mobile marketing company Waterfall in a transaction valued at $25.9 million. The acquisition will be complementary to Upland’s social marketing capabilities. Financial information was not disclosed.

marketing Technology

analytics & targeting

Experience-as-a-Service platform developer The Experience Engine will be acquired by accesso Technology Group for a reported $83.2 million. The Experience Engine has reported LTM revenues for the period ended December 31 2016 of $12.7 million, representing an LTM revenue multiple of 6.6x.

commerce management

SaaS-based online retailer personalization solution Nosto has raised $17 million in a round of funding from Wellington Partners, Open Source Capital, and The European Investment Bank. The company will use the new round of funding for expanding its presence within the US.

content management

Content automation platform developer Quark Software has been acquired by Parallax Capital Partners. The acquisition will provide Quark with the resources for expanding marketing and sales initiatives. Terms of the deal were not disclosed.

creative production platform

Cloud-based content production platform Quill has raised an undisclosed amount of funding from Smedvig Capital and Panoramic Growth Equity. The company will use the new round of funding for expanding its presence within Europe.

crm

Auto dealer management platform Limelight Software will be acquired by online auction site operator Trade Me Group. The acquisition will provide Trade Me with an expanded dealer engagement offering. Terms of the deal were not disclosed.

market research

Mobile game research and consulting company Spicemart has been acquired by online and mobile games company KLab. The acquisition will be complementary to KLab’s game development initiatives. Terms of the deal were not disclosed.

marketing data, analytics & targeting

Customer data platform Segment has raised $64 million in Series C funding from Y Combinator, Accel Partners, Thrive Capital, SV Angel, and New Enterprise Associates. The company will use the new round of funding for product development.

mrm/workflow management

product/price software

Configure-price-quote software solutions company Endeavor Commerce has been acquired by Francisco Partners-backed Vendavo. The acquisition will provide Vendavo with expanded sales conversion capabilities. Terms of the deal were not disclosed.

traditional media

broadcast television

China-based sports and entertainment company Wuhan DDMC Culture Co. has acquired sports television broadcasting rights holder Super Sports Media for a reported $500 million. Terms of the deal were not disclosed.

consumer magazine publishing

Car news magazine publisher CarMe has been acquired by Japan-based online used cars dealer Fabrica Communications. The acquisition will provide Fabrica with an expanded content offering. Terms of the deal were not disclosed.

Software

application management

Application visual testing and monitoring solutions company Applitools has raised $8 million in a round of funding from Sierra Ventures, Bessemer Venture Partners, and Magma Venture Partners. The company will use the new round of funding for product development efforts.

big data

India-based artificial intelligence solutions startup Halli Labs has been acquired by Google. The acquisition will be complementary to Google’s personalization and recommendation engines. Terms of the deal were not disclosed.

data management

SaaS-based application backup and disaster recovery company OwnBackup has raised $7.5 million in Series B funding led by Insight Venture Partners, Innovation Endeavors, Orzyn Capital, and Salesforce Ventures. The company will use the new round of funding for hiring talent.

erp

Cloud-based construction software developer Dexter & Chaney has been acquired by Viewpoint. The acquisition will provide Viewpoint with an expanded presence within the construction management software space. Terms of the deal were not disclosed.

erp

SaaS-based enterprise resources planning solutions provider Hudman has been acquired by Advanced. The acquisition will provide Advanced with an expanded presence within the SME sector. Terms of the deal were not disclosed.

erp

Germany-based freight forwarding software developer sennder has raised an undisclosed amount of funding from Scania Growth Capital. The company will use the new round of funding for expanding operations internationally.

financial, mobile technology

Argentina-based point-of-sale and electronic payment solutions company Synthesis Retail Solutions has been acquired by IT services provider Linx Sistems Consultoria for a reported $25.8 million. Financial information was not disclosed.

financial, mobile content/apps

Micro-investing app Stash has raised $40 million in a round of funding from Coatue Management, Breyer Capital, Goodwater Capital, and Valar Ventures. The company will use the new round of funding for product development efforts.

geo-demo

Location-based information and data quality solutions provider DMTI Spatial has been acquired by Digital Map Products from Neopost. The acquisition will provide Digital Map with an expanded geographic presence. Terms of the deal were not disclosed.

infrastructure

IT infrastructure solutions company StackIQ has been acquired by Teradata Corporation (NYSE:TDC). The acquisition will provide Teradata with expanded server cluster deployment capabilities. Terms of the deal were not disclosed.

legal

Dispute resolution platform FairClaims has raised $1.8 million in a round of funding from Fika Ventures, Crosslink Capital, and Greycroft Partners. The company will use the new round of funding for building out its enterprise offering.

security

Endpoint behavior and security solutions company Observable Network has been acquired by Cisco. The acquisition will provide Cisco with a strengthened cloud security offering. Terms of the deal were not disclosed.

software development tools

Reactive application development management platform Lightbend has raised $15 million in a round of funding from Bain Capital Ventures, Blue Cloud Ventures, IBM, Intel Capital, Juniper Ventures, and Shasta Ventures. The company will use the new round of funding for expanding headcount.

information

legal information

Blue360 Media has acquired more than 150 Law Enforcement Publications from LexisNexis. The acquisition will provide Blue360 with expanded offerings for law enforcement professionals. Terms of the deal were not disclosed.

business services

it consulting

AWS partner and cloud systems integrator REAN Cloud has acquired AWS Advanced Consulting Partner 47Lining. The acquisition will provide REAN with an expanded geographic presence. Terms of the deal were not disclosed.

management consulting

UDG Healthcare has acquired project and management consulting services company Vynamic for $32 million. The acquisition will provide UDG with an expanded presence within the US. Financial information was not disclosed.

staffing

Home care and hospice industry recruitment firm Healthcare Concepts has been acquired by Simione Healthcare Consultants. The acquisition will see Healthcare Concepts integrated into Exact Recruiting. 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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