a360inc acquires ProVest to expand tech offerings for mortgage industry partners
Technology
and
outsourcing
solutions
company
a360inc
announced
on
Wednesday
that
it
has
acquired
ProVest,
a
Tampa-based
process
and
litigation
information
services
provider
for
creditors.
Some
of
a360inc’s
key
constituencies
include
mortgage
lenders,
servicers
and
investors,
as
well
as
title
agencies.
The
deal
includes
an
investment
in
a360inc
by
the
funds
managed
by
Morgan
Stanley
Investment
Management
(MSIM),
Knox
Capital
and
Nonantum
Capital
Partners,
which
will
help
to
“enhance”
a360inc’s
service
offerings,
according
to
the
company.
“As
a360inc
and
ProVest
have
evolved,
our
dedication
to
expanding
solutions
to
meet
our
clients’
needs
has
remained
paramount,”
a360inc
CEO
Scott
Brinkley
said
in
a
statement.
“This
move
continues
in
that
tradition
—
and
I
know
both
management
teams
are
excited
to
partner
and
innovate
on
behalf
of
our
collective
valued
clients
and
business
partners.”
“We
are
thrilled
to
join
forces
with
a360inc
and
create
a
powerhouse
of
service
excellence
by
marrying
ProVest’s
extensive
experience
and
national
coverage
with
a360inc’s
state-of-the-art
technology
capabilities,”
ProVest
President
Jim
Ward
said.
“Our
shared
vision
of
providing
superior
support
and
building
lasting
relationships
with
our
clients
set
the
stage
for
offering
more
efficient,
reliable,
and
scalable
solutions,
thereby
enhancing
the
value
we
provide
to
our
customers,”
Ward
added.
The
companies
characterize
the
deal
as
a
“milestone,”
saying
it
will
add
technological
functionality
and
reach
for
law
firms
that
operate
in
the
specific
area
of
creditors’
rights,
as
well
as
mortgage
lenders
and
servicers.
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