BOSTON, MASS (PRWEB) September 09, 2013
Financial Recovery Technologies, LLC (FRT), a leader in securities class action recovery, today announced the acquisition of Financial Market Data Services (FMDS), a leading competitor in the claims filing industry. Upon closing, all of FMDS’ clients and partners will have immediate access to FRT’s state of the art class action claims filing platform, while FRT and its clients will benefit from FMDS’ technology and distribution relationships. The acquisition also strengthens FRT’s management team by bringing aboard FMDS’ president and founder, industry veteran John Regan.
“FRT is excited about the acquisition of FMDS," said Rob Adler, president of FRT. “We believe that this deal will strengthen FRT, allowing us to continue to drive our own success and expand our service offering to new markets. FMDS has had early success in the class action space and consolidating their operations into FRT reinforces our strength in the market.”
“I’m proud of what our team accomplished the past several years at FMDS and thrilled to join FRT, the leading firm in securities class action claims filing,” said John Regan, president of FMDS. “I believe together we can leverage our distribution relationships and product innovations to further extend FRT’s industry leading position.”
Terms of the deal are not being announced.
About Financial Marketing Data Services
FMDS provides state of the art class action fulfillment services to every aspect of the financial services community. Our patent pending method ensures our clients, and their investors, receive the maximum amount due.
About Financial Recovery Technologies
Founded in 2008, Financial Recovery Technologies, LLC is a technology-based services firm that helps investors collect funds made available in securities class action settlements. The firm offers expertise in eligibility analysis, claims filing, disbursement auditing and client reporting. With more than $100 million in total recoveries to date, Financial Recovery Technologies provides a proprietary turnkey solution that allows its clients to fulfill their fiduciary responsibilities with transparency and accuracy. Financial Recovery Technologies is a Cross Country Group company (http://www.crosscountrygroup.com). For more information, go to http://www.frtservices.com.