ExaDigm Inc., a Santa Ana-based maker of credit card terminals and software, said today it landed $12 million in its second round of venture funding.
ExaDigm sells wireless terminals, mobile tracking devices and other checkout gear to retailers, hotels, restaurants, delivery services and transportation and delivery companies.
Its customers include Best Western International Inc., Amtrak and the New York City Theaters.
The company, which got its start in 2000, plans to use the money to develop products and grow its sales staff. It counts 46 workers in Santa Ana.
The round was led by investors Dunrath Capital Inc. and Valhalla Partners.
ExaDigm added two partners from Dunrath Capital and Valhalla Partners to its board. Its newest investor is McDonnell & Associates LP, the investment fund of industry veteran Jack McDonnell.
McDonnell is the former chief executive of Reston, Va.-based Transaction Network Services Inc., which maintains and services credit card processing and ATM networks.
TNS, as the company is known, has a history of acquiring smaller players in its industry.
Publicly traded TNS had sales of about $300 million last year.
McDonnell has been on the board since early this year, the company said.
