Distra
Australian software company developing high performance, high availability payments applications for financial institutions.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
$49.0m Valuation: $49.0m | Acquisition | ||
| Total Funding | 000k | ||
Established in 1999, Distra was a Sydney-based software provider that specialized in payment solutions. The company's core business involved providing an application that enabled financial institutions, payment processors, and retailers to improve the flexibility and performance of their existing payment infrastructures.
Distra's platform was designed to facilitate payments for all participants within the payment chain. The company's technology was particularly noted for its configurable, Java-based functionality, which offered high-performance and high-availability transaction processing. This capability was a key factor in its selection by clients. The firm primarily served financial institutions in the Asia Pacific region and Europe before expanding into the United States around 2011, opening an office in Atlanta.
In its early stages, Distra secured institutional investment. A significant funding event was a Series A round on April 14, 2005, where it raised $3.85 million from investors including Starfish Ventures and Jolimont Capital. Over its lifetime, the total funding raised amounted to $5 million. The company's trajectory culminated in its acquisition by ACI Worldwide on September 13, 2012, for $48.8 million. The acquisition was a strategic move for ACI Worldwide to enhance its own payment systems and infrastructure.
Keywords: payment solutions, financial technology, payment processing, transaction processing, banking software, retail payments, Java platform, ACI Worldwide, payment infrastructure, enterprise software