M&A Deal Summary

Filogix Acquires Doorr

On October 21, 2020, Filogix acquired internet software and services company Doorr

Acquisition Highlights
  • This is Filogix’s 1st transaction in the Internet Software and Services sector.
  • This is Filogix’s 2nd transaction in Canada.
  • This is Filogix’s 2nd transaction in Ontario.

M&A Deal Summary

Date 2020-10-21
Target Doorr
Sector Internet Software and Services
Buyer(s) Filogix
Deal Type Add-on Acquisition

Target

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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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 2 of 2
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Ontario M&A 2 of 2
Country: Canada M&A 2 of 2
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-19 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.

Buy $38M