Santa Ana-based point-of-sale terminal maker ExaDigm Inc. merged on undisclosed terms with Shenzhen Xinguodu Technology Co., Ltd., a China-based maker of POS systems and electronic payments products.
The companies said the deal allows the California company to increase its development resources, obtain greater access to an international supply chain and acquire more control over its manufacturing processes, while Xinguodu gains access to North American markets.
ExaDigm was backed by at least $12 million in venture funding from Chicago-based private equity firm Dunrath Capital Inc. and Vallhalla Partners, a venture capital fund in Vienna, Va.
