ControlScan

• Industry Business Services, Technology
• Type Capital Raise

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.