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Revel Systems Raises $100 Million as Payments Company Eyes IPO

Revel Systems Inc., which makes in-store point-of-sale systems that use Apple Inc.’s iPad, has raised $100 million and plans to use the money to expand overseas, while targeting an eventual initial public offering.

The private-equity round values Revel at more than $400 million, said Chris Ciabarra, chief technology officer and co-founder, in an interview. Welsh, Carson, Anderson & Stowe, a New York-based investment firm, led the financing.