Follow the Money: Cyber Watch Gets $2.5M, Bank Makes Equity Investment in Modo Payments

From Elm Park Capital to Good Returns and Tyler Technologies, here are some of the deals involving companies and investors with North Texas ties.

investment

CYBER WATCH RECEIVES $2.5M INVESTMENT

Plano-based Cyber Watch has received a $2.5 million investment from Cypress Growth Capital.

Cyber Watch assists its clients in planning and designing cyber security solutions to protect those organization’s critical assets utilizing the most-advanced, but proven, emerging security technologies.

The company offers a 24/7 managed security service that it said handles day-to-day security operations, as well as an assessment service that proactively identifies and mitigates threats.

The funding will be used primarily for sales and marketing initiatives and the development of new, high-demand service offers aimed at the middle market, Cypress Growth Capital said in a release.

Cypress Growth said it offers an alternative to equity and traditional debt to entrepreneurs considering growth funding and invests up to $5 million in emerging companies using a royalty-based approach.

MODO PAYMENTS GETS EQUITY INVESTMENT FROM DEUTSCHE BANK

Deutsche Bank has acquired an equity stake in Richardson-based payments technology company Modo Payments, a move that will provide the bank with new offerings for its clients.

Bruce Parker

Bruce Parker of ModoPayments

The amount of the investment wasn’t disclosed. Founded in 2010, Modo Payments’ offering is focused on reducing friction in the payments industry, according to a report at pymnts.com.

“Payments are the bloodline of banking. More and more global payments are executed electronically via FinTech and online platforms,” John Gibbons, head of global transaction banking at Deutsche Bank, said in a release. “Our investment and partnership with Modo will help us to provide our corporate and institutional clients with new digital payment functionalities and accordingly more flexibility in facilitating these transactions. Going forward, we will be able to directly process payments to mobile wallets and app-based payment solutions.”

Modo founder and CEO Bruce Parker said the company is excited to see where the partnership will take it.

“The Modo team is focused on doing the most good for the most people by reducing friction in payments,” Parker said. “That is why we do what we do every day, and this partnership with Deutsche Bank is a great opportunity to work with one of the world’s largest payment providers that can implement our technology on a global scale and further our reason for being.” 

ORIX FOUNDATION GIVES $250K ‘CYCLE’ TO GOOD RETURNS

Dallas-based financial services group ORIX USA Corp., will provide $250,000 in capital through its foundation to Good Returns, a Dallas-based hybrid social enterprise that makes loans to impact organizations.

Good Returns will use the funds to help organizations scale sustainable programs that align with the ORIX Foundation’s main focus areas of basic needs, children, education, empowerment, health, and veterans, according to a new release.

“This partnership will establish a new and effective way for companies and corporate foundations to mobilize more of their resources for doing good in their communities.”
Kyle Lukianuk

The funding comes in the form of a one-year, interest free loan, called a “cycle”—the first-ever cycle for Good Returns from a multinational corporation.

“This partnership will establish a new and effective way for companies and corporate foundations to mobilize more of their resources for doing good in their communities,” Good Returns President Kyle Lukianuk said. 

So far, the ORIX Foundation has invested more than $12 million in solutions to complex community issues, the release said.

Good Returns uses corporate capital to make interest-free and fully guaranteed loans to the most-promising impact organizations that are aligned with the participating company’s impact priorities, the release said. 

ELM PARK CAPITAL RAISING $330M FOR NEW FUND

The Dallas Business Journal reported that Dallas debt investment firm Elm Park Capital is raising up to $330 million for a new PE fund—with $35.3 million raised so far.

This would be the third fund for Elm Park Capital, a company that typically invests in debt provided to private companies, which the DBJ said is an increasingly popular segment in private equity investing.

Elm Park Capital was founded in 2010 by Mark Winograd, former CEO of Canadian investment bank RBC Capital, and Mark Schachter, former head of North American credit investing at HBK Capital in Dallas.

GREY INC. RAISES $1M IN DEBT ROUND

Dallas-based Grey Inc. said in a filing with the Securities and Exchange Commission that it has raised $1 million of a $3.5 million debt offering.

Grey, which was founded in 2017, offers a point-of-sale system that it said combines “ease and familiarity of traditional point-of-sale systems with the security and transparency of advanced blockchain technology.”

MERGERS & ACQUSITIONS

TYLER TECHNOLOGIES ACQUIRES CASELOADPRO

Plano-based Tyler Technologies has acquired Modesto, California-based CaseloadPRO LP, which offers a probation product used by 110 clients across 23 states with 5,000 users.

Lynn Moore

“The acquisition of CaseloadPRO allows Tyler to strengthen our Tyler Alliance initiative, a family of applications which connects processes from dispatch through disposition, and includes products for courts, prosecutors, corrections, and probation,” Tyler Technologies President and CEO Lynn Moore said.

Tyler Technologies said the acquisition will enhance its courts and justice offering by providing a comprehensive supervision solution for probation and parole departments nationwide. No financial details of the acquisition were released.

In December, Tyler Technologies announced that it had acquired the audio and digital two-way radio communications technology and related assets from Radio 10-33, which it expects to deploy in future applications for recording 911 transmissions.

G&A CONSULTANTS ACQUIRED BY NORTH CAROLINA FIRM

Lewisville-based engineering and design firm G&A Consultants Inc. has been acquired by North Carolina-based McAdams.

The firms will temporarily operate in Texas under the combined named G&A | McAdams. The deal was finalized Aug. 31, a release said.

“With G&A and McAdams’ remarkable industry expertise, this merger complements both firms’ combined talent and creative approach to projects,” Robert J. Dollak Jr., director of Dallas-Fort Worth at G&A | McAdams, said in the release. “This union strengthens our ability to grow and flourish in Texas and beyond, both as individuals and as a company.”

READ NEXT

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ORIX Foundation Makes $250K ‘Cycle’ to Good Returns

READ MORE

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