Myriad Development Inc. received the money, its second round of investment, from Tobat Capital, based in Dallas, and Castletop Capital, based in Austin. The amount was not disclosed. Previous investors include Matt Mathias, a principal in Austin real estate firm, Riata Development; Bobby Inman, an investor; and Bill Greehey, a former energy industry executive.

With the investment, Mitch Bader joins Myriad as president and CEO. His previous companies include Dell Computer Corp., Coors Brewing Co., PepsiCo, the Walt Disney Co. and Atlantic Richfield Co. Myriad's founders are Mike Whittington and Chris Roussel.

Myriad's product, the Insurance Fulfillment System provides insurance organizations with real-time underwriting information for commercial and residential real estate and casualty insurance. Information includes property valuation, credit and claims history and other risk assessment data.