REPAY Bought Payix, FortifyData Raised $5M, and More Atlanta Tech News

Catch up on last week’s developments from the Atlanta tech sector.

Written by Ashley Bowden
Published on Jan. 10, 2022
REPAY Bought Payix, FortifyData Raised $5M, and More Atlanta Tech News
Photo: Shutterstock

Atlanta tech companies are starting off the New Year with a bang, scouting out new acquisitions and raking in fresh rounds of funding to fuel their innovative ideas. Read on for the latest happenings on the city’s tech scene. This is the Built In Atlanta weekly refresh. 

REPAY acquired Payix. Offering enterprise payments tools to companies with specific transaction processing needs, REPAY signed a deal for up to $115 million to acquire Fort Worth, Texas-based Payix, a provider of digital lending solutions. The acquisition enables REPAY to enhance its presence within the automotive space and expand into the “buy now, pay later” market. It’s also hiring across technology, sales and other departments. [Built In Atlanta]

Aderant acquired American LegalNet. Looking to further its cloud-based technology, law firm business software provider Adarant announced its acquisition of Los Angeles-based American LegalNet (ALN). The latter company specializes in solutions for court forms, e-filings, calendaring and docketing. With the acquisition, Aderant will combine its cloud technology with ALN’s to eventually develop a native cloud calendaring and docketing solution. [Business Wire]

Atlanta Tech Quote of the Week

“In today’s world, cyber risks cannot be assessed using a fixed risk model, as every entity and their threat landscape is different and should be presented accurately. We are proud to pioneer a solution to address these issues.” — Victor Gamra, CEO of FortifyData 

FortifyData secured $5M. As companies continue to seek protection against digital threats, FortifyData is on a mission to help keep their systems safe. Offering a range of cybersecurity solutions to enterprises like Global Payments and Nike, FortifyData secured a seed extension round that brings its total funding to $6.7 million. The company wants to add new product integrations to its platform and expand its team across sales and marketing. [Built In Atlanta]

CORL Technologies pulled in strategic funding. The risk management company is improving its solution that works to protect systems within the healthcare industry. Its platform streamlines monitoring, onboarding and due diligence for organizations and their vendors. With a new injection of growth funding from Primus Capital, the company is investing in vendor risk technology, data, services and customer support. [Built In Atlanta]

These Atlanta tech companies raised over $1B in 2021. Known for its prominent business presence in industries like cybersecurity and logistics, Atlanta continues to facilitate innovation across these sectors and beyond. The top tech funding rounds in Atlanta totaled a combined $1.74 billion for ten companies including supply chain company Reibus, software developer FullStory, security solution Flock Safety and fintech platform Greenlight. [Built In Atlanta]

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