Moody’s Analytics, part of Moody’s Corp. (NYSE: MCO), is buying WebEquity Solutions LLC.
WebEquity, headquartered in Omaha, Nebraska, provides cloud-based loan origination services for financial institutions. More than 750 banks and credit unions to manage loans use the software. Terms of the deal were not disclosed.
Moody’s Analytics expects the acquisition to strengthen its position in the loan origination software market.
Financial Technology Partners LP and FTP Securities LLC acted as financial advisers to WebEquity on the deal.