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FT Partners Advises WebEquity on its Sale to Moody's

Overview of Transaction

  • On June 9, 2014, WebEquity Solutions ("WebEquity") announced its sale to Moody's Analytics ("Moody's"), a unit of Moody's Corporation
  • Backed by Alpine Investors, WebEquity is a leading provider of cloud-based / SaaS loan origination solutions for financial institutions
  • The transaction is expected to close in the third quarter; financial terms of the transaction were not disclosed

Significance of Transaction

  • WebEquity is one of the higher growing SaaS-based software models across the financial technology sector
  • FT Partners also represented WebEquity's majority holder, Alpine Investors, in the highly successful $145,000,000 sale of EDC to Cardtronics
  • The acquisition strengthens Moody's position in loan origination software and bolsters its suite of risk management products for banks, insurance companies and corporations

FT Partners' Role

  • FT Partners served as exclusive strategic and financial advisor to WebEquity and its Board of Directors
  • FT Partners leveraged its deep knowledge, extensive experience and broad industry relationships to help achieve a highly favorable outcome for stakeholders
  • Transaction demonstrates FT Partners' continued success in achieving highly attractive outcomes for leading banking technology firms