Three months after investing in the firm, Richey May has fully acquired Amata Solutions, a provider of customized planning and business intelligence tools for mortgage lenders, the company announced. Terms of the deal were not disclosed.
Amata Solutions is now part of Richey May Technology Solutions, the company’s technology consulting division launched last year. Amata Solutions’ founder, Benjamin Duke, will serve as Richey May Technology Solutions’ executive director, data analytics, the company announced.
“We were confident that our clients would love Amata Solutions when we partnered with the firm three months ago, but we may have underestimated how much,” Richey May co-founder Ken Richey said in a release. “This acquisition puts Richey May in a perfect position to help mortgage lenders address tighter margins and lower volume so they can stay several steps ahead of their competition.”
Amata Solutions provides planning, forecasting and business intelligence tools that empower lenders to make strategic business decisions based on real-time data.
“Since partnering with Richey May, we have been busier than ever,” Duke said. “There was so much synergy between Richey May’s consulting services and our products and services that it simply made sense to go ‘all in’ and join forces. Today, with our combined expertise and resources, Richey May is able to serve all of a lender’s accounting, consulting and data analytics needs more completely than any other company.”