M&A Deal Summary

Mercury Network Acquires Platinum Data Solutions

On August 24, 2016, Mercury Network acquired software company Platinum Data Solutions

Acquisition Highlights
  • This is Mercury Network’s 1st transaction in the Software sector.
  • This is Mercury Network’s 1st transaction in the United States.
  • This is Mercury Network’s 1st transaction in California.

M&A Deal Summary

Date 2016-08-24
Target Platinum Data Solutions
Sector Software
Buyer(s) Mercury Network
Deal Type Add-on Acquisition

Target

Platinum Data Solutions

Aliso Viejo, California, United States
Platinum Data Solutions, Inc. is a provider of valuation data and analytics solutions that help mortgage lenders, servicers, investors, AMCs and their vendors value collateral, identify potential collateral weaknesses and manage collateral risk. The company’s online platform and analytical tools protect the country’s top 10 mortgage lenders and help hundreds of companies to perform due diligence and prevent collateral-based loss. Each year, Platinum Data protects billions of dollars in assets across the U.S. against collateral-based non-compliance, buybacks and other risks.

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Buyer(S) 1

Buyer

Mercury Network

Oklahoma City, Oklahoma, United States

Category Company
Founded 2008
Sector Software
DESCRIPTION

Mercury Network LLC is a software platform used by more than 700 lenders and AMCs to manage their collateral valuation workflow. The company’s solutions include Mercury Network for appraisal vendor management, Enterprise Vendor Framework (EVF) for lender management of AMCs, and AQM for quality assurance and quality control compliance among several other solutions for its customers.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1