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Follow the Money
News on capital raises, mergers and acquisitions, private equity, and grant funding across Dallas-Fort Worth. From early-stage funding to public exits, here’s a look at deals making business news in the region.
In-Telecom said the strategic acquisition enhande its capabilities by boosting its presence in the Texas market and adding "a proven carrier services team" with 34 years of experience to grow In-Telecom's current offerings.
Fort Worth’s Lantana Communications Acquired by In‑Telecom
by Lance Murray | Jun 4, 2024
In-Telecom said the strategic acquisition enhande its capabilities by boosting its presence in the Texas market and adding "a proven carrier services team" with 34 years of experience to grow In-Telecom's current offerings.
by Lance Murray |
Jun 4, 2024
In conjunction with the acquisition, global investment firm EdgeCo LLC increased its financial support of DZS, with an eye toward "United States and other government broadband stimulus programs" being released in 2024 and 2025.
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by Lance Murray |
Jun 3, 2024
Chicago-based Workbox also announced it has raised $17.5 million in a Series A equity round with a follow-on option to secure an additional $5.5 million.
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by Lance Murray |
May 30, 2024
Addus announced the sale of its personal care operations in New York, including fiscal intermediary services under the state's Consumer Directed Personal Assistance Program. The public company's revenues topped $1 billion in 2023.
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Pardeep Kohli, President and CEO of Mavenir [Photo: Mavenir]
Mavenir Gets Up to $75M Investment From ‘Existing Investor’
by David Seeley | May 30, 2024
After raising $850 million between 2021 and 2023—including a $500 million minority equity investment from Koch Strategic Platforms—Richardson-based Mavenir continues to drive toward its goal of "end-to-end 5G transformation."
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by Lance Murray |
May 29, 2024
Solutions by Text has secured $110 million to expand its real-time payment technology within text messaging. The Dallas-area company's latest funding highlights its pioneering influence in the FinText sector.
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by Quincy Preston |
May 22, 2024
With 10 investments in the past 15 months and another deal expected to close soon, Cypress Growth Capital is expanding its team to support its growing portfolio. The Dallas-based private equity firm recently welcomed new partner Cliff Sentell with the launch of its fifth fund—and looks to make additional hires in the near term.
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by Lance Murray |
May 21, 2024
Founded in 1995 with a salsa recipe passed down for nearly a century, Xochitl specializes in authentic, premium tortilla chips and salsas. Carlos Salinas, the company's founder, CEO, and chairman emeritus, will retain a 50% interest in Xochitl going forward.
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Left: John C. Corbett, CEO of SouthState; Right: David R. Brooks, Chairman and CEO of Independent Bank Group [Composite; Sources images: SouthState/Independent Bank Group]
$2B Deal: North Texas-Based Independent Bank Group Acquired by SouthState
by David Seeley | May 20, 2024
Independent Bank Group operates in the Dallas-Fort Worth, Austin, and Houston areas as well as in the Colorado Front Range. When its acquisition by Florida-based SouthState Corporation is complete, the combined company will have a projected market cap of around $8.2 billion.
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by Lance Murray |
May 17, 2024
Experience Pinnacle Live said that Falcon will combine with its seasoned team, which provides a single source of creative, technical, and logistic solutions for high-profile live events, including conferences, business meetings, brand activations, festivals, sporting, and special events.
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by Lance Murray |
May 17, 2024
Dallas-based Yendo, which created the first-ever vehicle-secured credit card, said it will use the financing specifically to fund the growth of originations on its platform, which will enable it to extend credit to more Americans at affordable rates.
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by Lance Murray |
May 16, 2024
LCM's oversubscribed second fund attracted diverse global investors. The firm, founded in 2015, has some $550 million in assets under management to date.
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From left to right: Atif Khan, co-founder and CTO of Alkira; Sujay Chebbi, analyst, and Dayakar Puskoor, founder and managing partner at Dallas Venture Capital; Amir Khan, co-founder and CEO of Alkira; and an Alkira team member are pictured earlier this year in California. [Photo: DVC]
Dallas Venture Capital Joins $100M Series C Investment in Cloud Networking Pioneer Alkira
by Quincy Preston | May 15, 2024
Alkira's founders are in Dallas this week for the ONUG networking conference. Investors, including Dallas Venture Capital Founder Dayakar Puskoor, are bullish on the startup reinventing cloud networking and network infrastructure for the cloud era.
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by Lance Murray |
May 14, 2024
Arhasi and Cloudbench, a Google partner and leading emerging technology consulting firm, have launched a joint AI and data foundry in Frisco, staffed with experts from top universities. The foundry aims to drive innovation in AI and Web3 technologies.
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by Lance Murray |
May 13, 2024
With the acquisition, Plano-based Centra Funding will now be known as the Centra Culinary Finance brand. Centra said its new strategic initiative underscores its commitment to the foodservice industry and its dedication to providing unparalleled financing solutions and support.
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by Lance Murray |
May 13, 2024
CG Environmental is a regional provider of specialty environmental remediation, emergency response, and waste management services across Texas, Colorado, Oklahoma, Missouri, and the surrounding regions.
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