M&A Deal Summary

CRIF Lending Solutions Acquires APPRO Systems

On April 23, 2010, CRIF Lending Solutions acquired software company APPRO Systems

Acquisition Highlights
  • This is CRIF Lending Solutions’ 1st transaction in the Software sector.
  • This is CRIF Lending Solutions’ 1st transaction in the United States.
  • This is CRIF Lending Solutions’ 1st transaction in Louisiana.

M&A Deal Summary
Date 2010-04-23
Target APPRO Systems
Sector Software
Buyer(s) CRIF Lending Solutions
Deal Type Add-on Acquisition

Target

APPRO Systems

Baton Rouge, Louisiana, United States
website
APPRO Systems, Inc. designs, develops and markets Lending technologies for consumer, small business and retail banking lending operations using the application service provider (ASP) business model.

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Buyer(S) 1

Buyer

CRIF Lending Solutions

Atlanta, Georgia, United States

website

Category Company
Founded 1999
Sector Software
DESCRIPTION

CRIF Lending Solutions is a provider of software and business process outsourcing solutions for most successful financial institutions including large banks, community banks, credit unions, finance companies and credit card processors.

DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Louisiana) 1 of 1
Country (United States) 1 of 1
Year (2010) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-13 MeridianLink

Costa Mesa, California, United States

MeridianLink provides mission-critical software solutions to financial institutions. The company’s LoansPQ, LendingQB, and ACTion platforms allow banks and credit unions to process and accept consumer and mortgage loans as well as account opening applications, and integrate seamlessly with all major core and data services providers. It also offers Synergy, a highly customizable and configurable loan processing, and decisioning workflow product, as well as MortgageCreditLink, the dominant provider of “tri-merge” integration functionality into credit bureaus and other third-party consumer and business databases. MeridianLink was formed in 1998 and is based in Costa Mesa, California.

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