IRVINE – Jeffer Mangels & Mitchell (JMM) is pleased to announce that Applied Business Software, Inc. (ABS), a provider of loan servicing and origination software, has been acquired by Lometa Capital Partners.
“We could not be more excited to partner with Lometa. . . . Lometa and its partners have the experience and resources to accelerate ABS' growth into adjacent markets,” said Carlos Nodarse, CEO of Applied Business Software in a press release.
JMM partner Jay Thompson represented the seller, along with associates Nathan Shaw and Vanessa Han. Bill Capps, chairman of JMM’s Corporate Department, also provided high-level assistance.
“It was a pleasure to represent ABS as they looked to preserve the culture and mission of the company while allowing the owners to explore new opportunities,” said Thompson, the lead lawyer for the seller. “Throughout the process JMM was dedicated to defending the interests of our client and delivering the best possible result.”
About Applied Business Software
ABS is a market leader and global provider of software systems and solutions to the lending industry. The company's carefully designed systems and developed solutions serve companies of any size equally well, from large lending institutions to small independent offices. Visit www.themortgageoffice.com to learn more.
About JMM’s Mergers & Acquisitions Group
JMM’s Mergers & Acquisitions Group represents buyers, sellers and capital providers in a wide variety of mergers, acquisitions, divestitures and financings. The Group’s lawyers provide start-to-finish assistance with the structuring, negotiation, documentation and closing of the deal. For more information, visit www.jmbm.com.
Contact: Jay T. Thompson, 949.623.7258, JThompson@jeffer.com