Private equity firm Serent Capital has invested in Optimal Blue, a leading mortgage technology provider.
The deal ends a multi-year search by Serent Capital, which is focused on investing in profitable, high growth businesses, for an investment in the mortgage technology sector.
Founded in 2002, Optimal Blue is one of the leading providers of product eligibility and pricing engine, secondary marketing and compliance technology to the mortgage industry.
According to Kevin Frick, co-founder and General Partner of Serent Capital, Optimal Blue is considered a leader in mortgage technology as it built a best-in-class platform and differentiated itself with superior data and advanced functionality.
Optimal Blue co-CEO Larry Huff said that this was an opportune time to partner with Serent as it had the expertise in growing profitable businesses and experience in the technology sector.
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