Wednesday, October 13, 2010

Constellation buys LSSI

PRESS RELEASE

Emphasys Software Acquires Software Assets from LSSI

Miami, FL – September 28, 2010 – Emphasys Software (“Emphasys”) announced today that it has completed the acquisition of nearly all of Lender Support Systems, Inc.'s assets related to mortgage loan documentent preparation and mortgage loan servicing software. They key assets include LSSI's leading web based mortgage document preparation software Docs3D and the company's feature rich mortgage loan servicing software Servicer3D.

“Emphasys is excited to expand its integrated offerings into the Mortgage industry with such a great collection of employees, clients and products” said Mike Byrne, Emphasys CEO. “Our focus on products that bring together the combination of real estate, financial and compliance made the Mortgage industry a natural next step for us as we look to offer our clients great solutions that help them drive their business." Bryne concluded.

Cary Burch, Chairman and CEO of LSSI stated: “Although the lending industry has had its challenges, we have been resiliant due to our superior technology and stellar levels of customer service as performed by our employees. I am confident that Emphasys is uniquely positioned to build upon our technology platform and continue to serve our loyal customer base well into the future”.

Emphasys welcomes all Docs3D and Servicer3D customers to the Emphasys family of clients.

About Emphasys Software:

Emphasys is a leading provider of real estate, financial and compliance management software solutions. Emphasys provides market leading solutions to thousands of organizations such as Private Real Estate organizations, Governments and Housing Finance Agencies. For further information on Emphasys Software, visit www.emphasys-software.com.

About Constellation:

Constellation’s common shares are listed on the Toronto Stock Exchange under the symbol “CSU”. Constellation Software is an international provider of market leading software and services to a number of industries across both the public and private sectors. The Company acquires, manages and builds vertical market software businesses that provide mission-critical solutions to address industry specific needs.

CONTACT:
Edward Smith

Vice President, Business Development

Emphasys Software

(305) 599-2531

www.emphasys-software.com

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.