Dura Software acquires global communications software company
See Correction/Clarification at end of article
San Antonio-based private investment company Dura Software has acquired Lane, a global provider of integrated messaging platforms within the health care, banking and commercial markets, Dura said in a news release Thursday morning.
“Lane fits perfectly into Dura Software’s operational model as we have been successful taking hyper-niche software companies to the next level,” Dura Software CEO Paul Salisbury said.
Lane's services include secure fax and closed network communications, and Dura expects to build on that infrastructure to create new capabilities and ensure secure delivery of patient data, according to the news release.
Founded in 1976 by Dick Lane, the company provides services in more than 50 countries. Its headquarters will be in San Antonio with offices in the United Kingdom, Singapore and other parts of the U.S.
Dura Software acquires hyper-niche, cloud-based software companies with annual revenue of $1.5 million to $4 million, and it seeks to accelerate their growth by expanding into new markets while developing their products and services.
“During the global pandemic, secure communications of sensitive information sent through secure channels that are both validated and verified has become even more important for hospitals and banks,” Brady said.
Dura will retain all 10 of Lane's employees and expects to continue to hire in roles such as human resources, security and compliance, support and sales for Lane and its other portfolio companies within San Antonio, a Dura spokesperson told the Business Journal in an email.
Dura was founded in 2018 by Salisbury and local technology entrepreneur Micheal Girdley, who is the company's chairman and head of strategy. Along with Lane and Nordic, Dura has two other companies under its umbrella: Moki Mobility Inc., which provides cloud-based software for managing large numbers of mobile devices and digital signage; and 6Connex, a virtual events platform provider that has also seen growth throughout the pandemic.