San Antonio, TX – Dura Software, the San-Antonio based company specializing in “hyper-niche” software products, has closed on a $10 million round of financing. The round was oversubscribed. It is the largest tech equity raise in the city so far this year.
This announcement comes on the heels of Dura’s acquisition of Pleasanton, CA-based 6Connex, the leader in massively scalable virtual event software. Dura Software is continuing the momentum it’s been garnering throughout the year. In just 18 months, Dura has gone from $0 in revenue to among the largest software companies in south Texas.
The round was led by Ozone Capital Management (“OZCM”) from Redwood City, CA, alongside other private investors from San Antonio and throughout North America. 60% of the round came from investors outside of San Antonio.
“The Dura team possesses unique operational capabilities and an extremely successful track record, and we are thrilled that our investment will help Dura grow its footprint in San Antonio for many years to come”, says Matt Morris, Managing Partner of OZCM. Morris will also be joining the Board of Dura Software. The company named four others to its board of directors. The board members are:
- Paul Salisbury, CEO of Dura Software, Inc.
- John McGuire, Entrepreneur & Investor
- Matt Morris, Ozone Capital Management
- Bianca Rhodes, CEO of Knight Aerospace, Inc.
- Michael Girdley, Executive Chairman of Dura Software, Inc.
The financing round will go towards new acquisition opportunities. Paul Salisbury, co-founder and CEO of Dura Software stated, “We are excited that our vision is resonating well with founders of the companies we acquire, their employees and the investment community. The early success of our SaaS operating model and the excitement we have seen during this round of financing validates that were are on the right track.”
About Dura Software
Dura Software specializes in hyper-niche software products that fit narrow but mission-critical use cases for business customers. We buy software products from owners wanting an exit to operate with no intention to sell. Sellers know we’ll protect their employees, customers, and reputation.
More information about Dura is at dura.software.
Source: Dura Software, Inc.
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