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Boston equity firm becomes majority owner of Cedarburg-based Mortgagebot

Cedarburg, Wis. -- Spectrum Equity Investors of Boston will become the new majority owner of Cedarburg-based Mortgagebot, a national provider of technology to mortgage lenders.

Spectrum on Wednesday announced that it has completed an $84 million recapitalization of Mortgagebot.

Following ......

Full article >>> ca Bank, Technology Investment Capital Corp., and Associated Bank. Mortgagebot was advised on the transaction by Stephens, Inc.

Mortgagebot was founded in 1997 as a division of Marshall & Ilsley Corp. and spun off as an independent company through a management led buyout in April 2001.......

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Source:wistechnology.com By WTN News 09/28/05


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