Daptiv Acquired, DocuSign Inks Partnership, Healthcare and Energy Companies Bring in the Most Dough, & More Seattle-Area Deals News
It’s been a relatively slow week for Seattle-area technology deals (sunny weather strikes again!). Only one local tech startup reported financing over this last week, while, much like the week before, two others were acquired, this time both by big companies down south.. Take a look at this week’s highlights:
—Seattle-based project management software developer Daptiv was acquired by Parallax Capital Partners, a software and technical acquisition firm out of Laguna Hills, CA. The company was founded in 1997 and provides on-demand collaborative business and project and portfolio (PPM) software for clients including Harvard University, Honeywell, and Virgin Blue. Daptiv would not comment on the financial terms of the deal, however TechFlash, citing M&A documents sent to shareholders, reported the transaction amount as $12.6 million.
—This isn’t a deal, but it does refer to some. Last week we published a story that looked at deal trends for Washington-area startups tracked by Xconomy (i.e. including tech and biotech) for the month of June, and made some somewhat unexpected discoveries—the healthcare and energy/utilities sectors pulled in the most financing. Of the $104.3 million dished out to local startups in June, $41.1 million went companies in the healthcare sector, while $35.8 million was raised by energy and utilities startups. Internet startups took third place at $15 million, while all other sectors (industrial, products and services, software, and video game) trailed behind.
—Seattle-based DocuSign, an electronic signature automation software developer, partnered with web-based financial software company MeridianLink, headquartered in Costa Mesa, CA. MeridianLink currently offers online loan origination and account opening applications for 450 banks and credit unions, and 26,000 customers. Through the deal, DocuSign’s electronic signature capabilities will be integrated into MeridianLink’s existing services.
—Total Living Choices, a Seattle-based online senior care information and referral service raised $2.2 million in equityTwilightLiving) was founded in 1999 and maintains a database with more than 68,000 listings for nursing homes, assisted living facilities, medical equipment, long-term care providers, and home care and hospice services. out of a $3.5 million offering, according to a regulatory filing. The company (also known as
—Delve Networks, a Seattle startup in the online video hosting and “search inside” video technology space, was acquired by Tempe, AZ-based Limelight Networks (NASDAQ: LLNW) yesterday. The 20-person software-as-a-service company, founded in 2006, will operate as an “independent business unit” of Limelight, according to Delve founder and chief executive (now vice president and general manager of the Video Platform Solutions Group at Limelight) Alex Castro. Limelight brought in $131.7 million in revenue last year, and generated $34.9 million in profit. Financial terms of the deal were not disclosed, however there have been reports that the deal valued Delve at approximately $10 million.
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