has issued Series B Preferred Stock to an investor group led by
ControlScan provides Payment Card Industry security compliance solutions.
ControlScan
Type
Capital Raise
Description
Croft & Bender was hired by the Company to raise growth equity.
has issued Series B Preferred Stock to an investor group led by
ControlScan provides Payment Card Industry security compliance solutions.
About
ControlScan provides Payment Card Industry (PCI) security compliance solutions focused exclusively on the large and underserved small- and medium-sized business (SMB) market. The Company is the only provider focused exclusively on SMB merchants and has uniquely tailored its services to meet SMB merchants' needs for easily-implemented and cost-effective PCI compliance solutions.
Situation
Croft & Bender was hired by the Company to raise growth equity to continue the rapid growth and development of new products for its partners and customers. Croft & Bender led the Company through a process that included identifying potential partners, drafting the offering memorandum and related materials, marketing the Company, evaluating offers, selecting a partner, and negotiating the transaction.
Result
Croft & Bender successfully raised growth capital for the Company, with Harbert Venture Partners as the lead investor. C&B Capital also participated in the transaction.