M&A Deal Summary

Mortgagebot Acquires Netupdate

On March 6, 2009, Mortgagebot acquired software company Netupdate from Most Home

Acquisition Highlights
  • This is Mortgagebot’s 1st transaction in the Software sector.
  • This is Mortgagebot’s 1st transaction in the United States.
  • This is Mortgagebot’s 1st transaction in Washington.

M&A Deal Summary

Date 2009-03-06
Target Netupdate
Sector Software
Buyer(s) Mortgagebot
Sellers(s) Most Home
Deal Type Add-on Acquisition

Target

Netupdate

Bellevue, Washington, United States
Netupdate, Inc. operates as a software development and services company.

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Buyer(S) 1

Buyer

Mortgagebot

Mequon, Wisconsin, United States

Category Company
Sector Software
DESCRIPTION

Mortgagebot LLC provides software that enables banks and credit unions to market and process mortgage applications online. The company's software is delivered as a hosted service priced on a recurring monthly basis.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Washington M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2009 M&A 1 of 1

Seller(S) 1

SELLER

Most Home

Maple Ridge, British Columbia, Canada

Category Company
Sector Business Services
DESCRIPTION

Most Home Corp., through its wholly owned subsidiary Most Home Real Estate Services Inc., provides real estate and mortgage companies with online customer-service solutions. Though based in Canada, Most Home Corp. is a U.S.-registered company that conducts some 90 percent of its business in the U.S.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Washington M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2009 M&A 1 of 1