M&A Deal Summary

Filogix Acquires Cyence International

On December 19, 2008, Filogix acquired software company Cyence International for 38M USD

Acquisition Highlights
  • This is Filogix’s 1st transaction in the Software sector.
  • This is Filogix’s largest (disclosed) transaction.
  • This is Filogix’s 1st transaction in Canada.
  • This is Filogix’s 1st transaction in Ontario.

M&A Deal Summary
Date 2008-12-19
Target Cyence International
Sector Software
Buyer(s) Filogix
Deal Type Add-on Acquisition
Deal Value 38M USD

Target

Cyence International

Burlington, Ontario, Canada
Cyence International Inc. is an international provider of credit lifecycle management software and service solutions to the financial services industry. Company premier software platform, ExpressOS (TM), offers a sophisticated suite of lending and leasing front-office solutions that automate, integrate and facilitate the origination, customer service and collections business processes. Highly configurable, user friendly applications allow clients to create and manage real-time transactions with significantly improved efficiency and savings.

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Buyer(S) 1

Buyer

Filogix

Toronto, Ontario, Canada
Category Company
Sector Financial Services
DESCRIPTION

Filogix, a Toronto-based provider of business solutions to Canada's real estate and mortgage-related industries. Filogix' core products connect mortgage lenders with independent mortgage brokers, lenders' in-house salesforces, and other data providers that participate in the mortgage process. Brokers and salespeople enter mortgage application data into a Filogix system, which then transmits the application to lenders for underwriting. The Company also provides workflow management products designed to increase the efficiency of both originators and lenders.

DEAL STATS #
Overall 1 of 2
Sector (Software) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Ontario) 1 of 2
Country (Canada) 1 of 2
Year (2008) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-21 Doorr

Toronto, Ontario, Canada

Doorr is a cloud-based CRM and mortgage workflow technology that provides mortgage brokers and financial institutions with a single environment to manage and interact with clients and partners (e.g. realtors). The platform also streamlines and provides real-time visibility on the mortgage application and approval process for pre-approval, purchase, and refinance transactions.

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Mergr

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