Tag Archives: Acquires

CMBS Information Leader Trepp Acquires Foresight Analytics

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New York, NY (PRWEB) February 25, 2010

Trepp, the leading provider of CMBS and commercial mortgage information, analytics and technology to the global banking and investment management industry, today announced it has agreed to acquire Foresight Analytics LLC, a privately held, California-based company. Foresight Analytics provides real estate analysis for commercial and residential real estate in both domestic and international markets on behalf of institutional investors, lenders and developers. Terms of the deal were not disclosed.

Foresight was founded by Matt Anderson and Susan Persin, who together have over 40 years of expertise in real estate, banking and capital markets research. The company quickly developed a strong reputation for its global real estate market insights on both the commercial and residential markets as well as the commercial banking industry.

As real estate fundamentals continue to deteriorate, Trepp is committed to expanding the value delivered to our clients, said Annemarie DiCola, CEO of Trepp. Foresight has terrific name recognition and great respect in the marketplace. We expect that they will quickly add even more depth to our offerings.

The acquisition of Foresight offers immediate benefit to Trepp clients by providing deeper and more expansive commercial real estate expertise. Shortly, Foresight Analytics research will be available to clients of Trepps CMBS Analytics and TreppLoan products.

We are delighted to be joining the Trepp team. Trepps market reputation is second to none, said Foresight co-founder Matt Anderson. Susan Persin, co-founder of Foresight, added, This transaction provides Foresight with the scale and resources we need to reach a broader commercial real estate audience to provide more timely and relevant analysis on the shifting CRE landscape.

As the commercial real estate industry navigates this challenging period, Trepp remains committed to providing its clients with superior information and analytics. With Foresight we add complementary know-how that will provide clients with a deeper view of the securitized and non-securitized mortgage markets, added Andy Leibman, Senior Vice President of Trepp.

About Trepp:

Trepp LLC, headquartered in New York City, is an established independent provider of CMBS and commercial real estate information, analytics and technology in the securities and investment management industry. Trepp serves the needs of both the primary and secondary markets by providing one of the largest commercially available trading quality CMBS deal libraries, as well as a suite of products for the CRE derivatives and whole loan markets. Trepp’s clients include broker dealers, commercial banks, asset managers, and investors.

About Foresight Analytics:

Foresight Analytics LLC is a California-based provider of real estate market consulting services. It focuses on real estate market analysis and forecasting, for commercial and residential product types, in both domestic and international markets. Clients are mainly institutional investors, lenders and developers. Foresight offers standardized reports, custom reports and consulting assignments, and senior personnel are also available for presentations and meetings.

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SunGard Acquires PredictiveMetrics to Broaden the AvantGard Suite and Expand into Trade Credit Liquidity

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New York, NY (Vocus/PRWEB) February 03, 2011

SunGard today announced that it has acquired PredictiveMetrics, a provider of predictive scoring and analytical services for trade credit, debt collections, utilities and other markets. The acquisition will help extend SunGards AvantGard suite of receivables solutions to offer statistical scoring services that help organizations proactively analyze the credit and collection worthiness and likelihood of delinquency or payment across their receivables portfolio. The acquisition, the terms of which were not disclosed, is not expected to have a material impact on SunGards financial results.

PredictiveMetrics core services around credit and collection analyses will become part of SunGards AvantGard Receivables solution and will be marketed under the AvantGard Receivables brand. SunGard will continue to support the core markets including business-to-business, utilities and debt collection agencies. The predictive modeling solution will also be leveraged to build a new offering for trade credit liquidity decisioning across the receivables portfolio. This will help companies and lenders apply modeling to appropriately evaluate risk and liquidity, helping them better leverage key instruments such as credit insurance, collateralized lending, dynamic discounting, securitization, invoice financing and first / third party outsourcing.

Michael Banasiak, president, PredictiveMetrics, said, Being part of SunGard will help us offer increased flexibility and choice to the credit and collections community. We are very pleased to expand into new areas such as trade credit liquidity in order to deliver more sophisticated solutions for optimized liquidity management. Mike Banasiak will join SunGard as part of the AvantGard team.

C.J. Wimley, executive vice president, trade credit liquidity solutions for SunGards AvantGard business unit, said, The acquisition of PredictiveMetrics is a strategic step forward in our long-term plan to help companies manage their receivables as a capital investment. Performing predictive analytics across the receivables portfolio helps companies mitigate corporate credit risk and gain valuable insight for improved decision-making.

About PredictiveMetrics

Founded in 1995, PredictiveMetrics, Inc. is a global leader in providing predictive scoring and analytical decision solutions using advanced statistical techniques for credit, collections and debt recovery collections. PredictiveMetrics decision technology spans many industries, types of financing, and ages of debt.

PredictiveMetrics is designed to conduct vigorous and sophisticated analytics coupled with innovative, advanced statistical techniques.

About SunGards AvantGard

SunGards AvantGard is a leading liquidity management solution for corporations, insurance companies and the public sector. AvantGard provides chief financial officers and treasurers with real-time visibility into cash flows and increased operational controls around receivables, treasury and payments. AvantGard helps companies drive free cash flow and reduce inefficiencies across the ecosystem of suppliers, buyers, banks and other trading partners. For more information, visit http://www.sungard.com/avantgard.

About SunGard

SunGard is one of the world’s leading software and technology services companies. SunGard has more than 20,000 employees and serves 25,000 customers in 70 countries. SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue exceeding $ 5 billion, SunGard is ranked 380 on the Fortune 500 and is the largest privately held business software and IT services company.

Trademark Information: SunGard, the SunGard logo and AvantGard are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.

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CompuGain Acquires the Mortgage Division of Overture Technologies, Inc.

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Herndon, VA (PRWEB) August 22, 2011

CompuGain is pleased to announce the acquisition of the Mortgage Division of Overture Technologies, Inc., a leading provider of decisioning software solutions. Overture Technologies applies decades of experience in the mortgage finance industry to provide specialized tools that help customers make informed and sound decisions about what to buy or sell and what to approve or refer. Overtures solution suite is a high-performance loan decision system that can be used for loan-level and pool risk assessment, eligibility, and pricing of new and seasoned assets.

We are extremely excited to announce the acquisition of Overture Technologies Mortgage division. Together, with the addition of the Overture staff and product offerings, CompuGain will now have the ability to deliver fully integrated and best in class services to the Mortgage Finance domain, said Debasish Hota, President & CEO of CompuGain Corporation.

Overtures Mortgage division enables transparent, accurate, and responsive lending processes required for the mortgage and finance industries. With the addition of Overtures Mortgage division, CompuGain will be able to leverage its existing service offerings to enhance and implement a world-class decisioning software solution to existing and new clients.

Overture is proud to be a part of the CompuGain team. Their past performance as a professional services firm, their financial strength and the exceptional intellectual capital that resides within the walls of CompuGain is a huge asset and something that we look forward to being able to leverage to help our clients realize their business objectives. We are extremely fortunate and excited to be a part of the next chapter in CompuGains history, said LeRoy Pingho, CEO of Overture Technologies, Inc.

The newly acquired company will operate as a wholly-owned subsidiary of CompuGain Corporation and will conduct business under the Overture Financial Solutions business name. Together, CompuGain and Overture Financial Solutions will consult and work as an integrated delivery team to help its business partners make better and more informed decisions utilizing an integrated set of CompuGain/Overture solutions.

About Overture Technologies, Inc:

Founded in 2000, Overture Technologies is the leading provider of decisioning software solutions that enable the transparent, accurate and responsive lending processes required for todays mortgage and education finance industries.

Overtures customers are dedicated to providing superior mortgage underwriting, servicing and securitization services and to increasing students access to higher education financing alternatives. The leadership team shares in these goals and applies decades of experience from leading financial services and technology firms including Fannie Mae, Freddie Mac, Goldman Sachs, IBM and KPMG to helping its customers achieve those goals.

Specific to the Mortgage Finance Solutions division, Overture serves the breadth of the mortgage finance value chain with automated decisioning technology for underwriting, pricing, servicing and valuing mortgage loans and mortgage assets.

For more information about Overture Technologies, please visit http://www.overturecorp.com.

About Compugain Corporation:

CompuGain is a global provider of Professional Services and innovative IT Solutions.

Established as a certified Minority-Owned Business Enterprise (MBE), CompuGain has partnered with its clients in a variety of industries to help improve productivity, reduce costs and increase revenue. CompuGain understands the importance of running an agile business – CompuGain offers a total professional service offering that includes contract placement, temp-to-perm, permanent placement, consulting and project based engagements to help its clients operate more efficiently. With an expanded and fully integrated portfolio of professional services and with an ever-increasing global footprint, CompuGain is well-positioned to support the business growth of its clients.

For more information about CompuGain, please visit http://www.compugain.com.

Advisory Services and Representation:

CompuGain was advised by o3 Capital Global Advisory a full service international Investment Bank with offices in New York, Mumbai and Bangalore and represented by Pillsbury, a full service law firm in Fairfax, Virginia.

Overture was represented by Odin, Feldman & Pittleman, PC a full service law firm headquartered in Fairfax, Virginia.

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Waterstone Asset Management, LLC Acquires Loan Portfolio

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Charlotte, NC (PRWEB) September 30, 2011

Waterstone Asset Management LLC (Waterstone) announced it has purchased the primary and special servicing rights to a $ 500 million securitized portfolio of 800 C&I loans from Berkadia Commercial Mortgage LLC (Berkadia). Berkadia will act as the Master Servicer for the portfolio. As part of this acquisition, Waterstone will establish an office in Atlanta with the team of employees transferred from Berkadia.

This is a great enterprise investment which launches Waterstone into the C&I industry. With billions in business and commercial real estate debt being re-distributed over the next few years; Waterstone is uniquely positioned to provide custom asset management services to investors, said Waterstones Chief Executive Officer, John Church. Our team of highly experienced asset management and servicing professionals are prepared to harvest the value of the loans and customers, using our unique processes to generate the highest return for the portfolios investors, said Church.

Waterstone is targeting buyers of both performing and non-performing loan portfolios, and offers an alternative to large institutional commercial servicers who depend on scale to feed their platforms. Rather, Waterstone is equipped to aggressively manage smaller portfolios acquired by investors in todays market, and offers highly customized reporting to its clients to better manage their investments.

Waterstone is also a sub-special servicer to Berkadia on Sovereign Commercial Mortgage Securities Trust, Series 2007-C1; a $ 700 million portfolio of small commercial loans. Waterstone obtained its special servicer rating from S&P and Moodys in 2010.

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