Lometa Capital Partners Invests in Applied Business Software
November 10, 2020
Lometa Capital Partners led a strategic growth investment in Applied Business Software, Inc. (The Mortgage Office) in November 2020, with participation/support from Aldine Capital Partners, Quabbin Capital and Byline Bank alongside a significant reinvestment by existing management. The capital will be used to accelerate development of ABS's web-based loan servicing platform, expand the development team, and drive expansion into markets adjacent to its mortgage core.
- Buyers
- Lometa Capital Partners, Aldine Capital Partners, Quabbin Capital, Byline Bank
- Targets
- Applied Business Software, Inc. (The Mortgage Office)
- Industry
- Software
- Location
- California, United States
- Transaction Type
- Growth capital
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