News Column

United States : MOODY'S agrees to buy WebEquity Solutions

June 13, 2014

Moody's Corp. s division Moody's Analytics has inked an agreement to take over Omaha-based WebEquity Solutions, a developer of cloud-based loan origination software for financial institutions.

The company has not disclosed the financial details of the transaction.

It is estimated that the acquisition will be completed in the Q3 of 2014.

Moody s by merging WebEquity's leadership in software-as-a-service offering for community banks combined with its international reach and expertise will be able to expand globally and enhance its risk management portfolio for banks, insurance companies and corporations.

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: TendersInfo (India)

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters