Addison Analytics Software Firm Receives Funding to Fuel Growth

Addison Analytics Software Firm Receives Funding to Fuel Growth
With its eyes on “strategic growth initiatives,” Lone Star Analytics is taking on new funding.

The Addison-based analytics company, Lone Star Analytics, announced a new investment from San Diego’s HCAP Partners, a mezzanine debt and private equity firm.

“We’ve demonstrated our ability to grow, and with this new financial strength, we have even more opportunities,” said Steve Roemerman, Lone Star CEO and chairman, in a statement.

According to Lone Star, the funding is a follow-on to a 2019 investment HCAP made in the company, representing it exercising its full-purchase option.

The new funding will help Lone Star further build out its software and support its future growth as it expands into new industries. Earlier this year, the company announced its expansion into the European market with its U.K-based subsidiary Lone Star Analysis Ltd., headed up by former Royal Air Force officer Robin Adlam.

Launched in 2006, Lone Star provides a suite of insight and analytics software platforms focused on operational efficiency and cost reduction. With more than 70 owned and shared patents, the company counts names Raytheon, ExxonMobil, AT&T and Boeing as clients. It’s also worked with the U.S. Department of Defense and the Norwegian Ministry of Defence.

“IoT adoption and the proliferation of AI automation are now requirements across many large enterprises looking for cost reductions and capital efficiency,” said Nicolas Lopez, HCAP principal. He led the Lone Star deal and Managing Partner Tim Bubnack in a statement when the firm initially invested in the company. “As data created by enterprises increases exponentially, companies such as Lone Star Analysis, with its leading-edge software applications and strong IP, are poised for growth in the years ahead.”

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