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Vista Equity takes minority stake in Canada’s Vena with $242M investment

Vena, a Canadian company focused on the Corporate Performance Management (CPM) software space, has raised $242 million in Series C funding from Vista Equity Partners. As part of the financing, Vista Equity is taking a minority stake in the company. The round follows $25 million in financing from CIBC Innovation Banking last September, and brings Vena’s total raised since its 2011 inception to over $363 million. Vena declined to...

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Persistent fraud threats drive consumer biometrics for payments and mobile credentials

By Chris Burt A biometric spoof attack and new fraud report this week both indicate the challenge of ensuring financial transactions are legitimate, showing why the latest Goode Intelligence forecast includes biometrics being used for billions of dollars in payments in the years ahead. Biometric technologies from Idex and partners Zwipe and Tag Systems are each a step closer to consumer’s wallets to help cut fraud, Google SE...