July 25, 2006
Minneapolis Star Tribune

Investors looking to fund younger companies

n the second quarter of 2006, start-ups and early-stage companies received almost $6.5 billion in funding, according to Pricewaterhouse Coopers and the National Venture Capital Association. St. Cloud, Minn.-based eBureau (formerly xTech, LLC) received almost $9 billion in financing. Venture capitalists are starting to loosen their purse strings by expanding the scope of their investments and looking beyond the tried-and-true into young early-stage companies. The expanded number of deals in April to June of 2006 of companies receiving first round funding shows that investors are willing to take some risks with startups.

May 9, 2006
The Daily Deal

xTech secures $8M

eBureau, formerly xTech, LLC, raised $8 million in Series A funding from Split Rock Partners of Eden Prairie, Minn., to fund the commercial launch of its software-as-a-service platform for direct marketers and online commerce operators.

May 8, 2006
Minneapolis Star Tribune

Firm knows score on e-tail fraud

About one-third of all legitimate credit card transactions involve shipping goods somewhere other than a credit card customer's home address. One way to distinguish honest card users from crooks is to calculate the distance in miles between the home address and shipping address. The greater the distance, the more likely the transaction is fraudulent. XTech, a two-year-old firm uses database technology to identify suspect credit card transactions, then sells that information to e-commerce companies and direct-marketers who sell online and through the mail. Both rely heavily on credit card use by people they never see.