Acquisition strengthens Perseus Group offerings in mortgage tech space, enabling the true digital mortgage experience with loan document automation and digital fax solutions across multiple regulated industries.
SAN DIEGO, Oct. 27, 2022 /PRNewswire-PRWeb/ -- Constellation Technology Solutions Inc. (CTS), which is part of the Mortgage Solutions Group of the Perseus operating group of Constellation Software Inc., announced today that it has acquired certain assets related to the Axacore business from Scrypt, Inc. and Axacore, Inc. The acquisition includes Axacore's award-winning document management system, XDOC, and cloud fax solution, FaxAgent.
The acquisition amplifies the Mortgage Solutions Group's industry-leading technology suite with the addition of flexible, scalable, and dependable document management solutions.
The Axacore business was founded in 1996 to help organizations across public and private sectors streamline paper-intensive processes and automate complex, multi-tier document workflows at scale. Axacore has three decades of experience providing flexible and comprehensive industry-compliant document and digital fax management system across the mortgage, healthcare, legal, financial, and government industries.
"As longtime partners of Axacore, we know first-hand how secure, reliable and streamlined their products are," said Stephen Ryczek, President of the Mortgage Solutions Group. "Axacore is a proven leader in industry-compliant document management systems and will empower us to provide a best -in-class digital mortgage experience. We couldn't be more excited to welcome them to our company."
"Axacore has always been dedicated to helping organizations across regulated industries build accessible and compliant document solutions," said Aleks Szymanski, President at Scrypt, Inc. "Joining Constellation Technology Solutions will allow Axacore to continue their commitment to serving existing clients and scale their offerings to new markets."
Terms of the deal were not disclosed.
About Constellation Technology Solutions
Constellation Technology Solutions Inc., acquires and invests in software companies that provide mission-critical solutions for the industries they serve and is part of the Mortgage Solutions Group of the Romulus portfolio of vertical market software (VMS) companies within the Perseus operating group of Constellation Software Inc.
For more information, visit https://www.csiromulus.com
About Perseus Group
The Perseus Group is an operating group of Constellation Software Inc. Perseus acquires and invests in software businesses that are committed to providing long-term solutions and life-long partnerships to customers.
For more information about Perseus Group, visit: https://csiperseus.com/
Media Contact
Annie Switt, Romulus, a Perseus Operating Group Portfolio, 512-350-9437, [email protected]
SOURCE Constellation Technology Solutions
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