Technology and Outsourcing Solutions Company a360 company announced on Wednesday that it had acquired Provost, a Tampa-based provider of creditor process and litigation information services. Some of a360inc’s major backers include mortgage lenders, servicers and investors, as well as title agencies.
The transaction includes investments in funds managed by a360inc Morgan Stanley Investment Management (microcard), Knox Capital and Nonantum Capital Partners, According to the company, this will help “enhance” a360inc’s service offerings.
“As a360inc and ProVest grow, our commitment to expanding our solutions to meet customer needs remains critical,” a360inc CEO Scott Brinkley said in a statement. “This move continues that tradition – I know Both management teams are excited to collaborate and innovate on behalf of our mutual valued customers and business partners.”
“We are pleased to join forces with a360inc to create a powerhouse of service excellence by combining ProVest’s deep experience and nationwide reach with a360inc’s state-of-the-art technology capabilities,” said Jim Ward, President of ProVest.
Ward added: “Our shared vision to provide exceptional support and build lasting relationships with our customers lays the foundation for delivering more efficient, reliable and scalable solutions, enhancing the value we deliver to our customers. “
The companies described the deal as a “milestone,” saying it would add technology capabilities and cover law firms as well as mortgage lenders and servicers operating in the specific area of creditor rights.
