Giact Systems Gets Private Equity Investment

Dallas-based Giact Systems, a developer of risk management products for the electronic payments industry, said today that it has scored a growth investment from private equity investor Tritium Partners. Size of the investment was not disclosed. Giact said the funding will be used to advance its fraud prevention data services. Giact provides it services to financial and lending institutions, insurance companies, retail and e-commerce merchants, card issuers and payment processors, MSBs, utilities and housing, government agencies, and peer-to-peer payment providers. Giact is led by Mellisa Brown and Merlin Bise.