FT Partners Advises WebEquity on its Sale to Moody's
Overview of Transaction
- On June 9, 2014, WebEquity Solutions ("WebEquity") announced its sale to Moody's Analytics ("Moody's"), a unit of Moody's Corporation
 - Backed by Alpine Investors, WebEquity is a leading provider of cloud-based / SaaS loan origination solutions for financial institutions
 - The transaction is expected to close in the third quarter; financial terms of the transaction were not disclosed
 
Significance of Transaction
- WebEquity is one of the higher growing SaaS-based software models across the financial technology sector
 - FT Partners also represented WebEquity's majority holder, Alpine Investors, in the highly successful $145,000,000 sale of EDC to Cardtronics
 - The acquisition strengthens Moody's position in loan origination software and bolsters its suite of risk management products for banks, insurance companies and corporations
 
FT Partners' Role
- FT Partners served as exclusive strategic and financial advisor to WebEquity and its Board of Directors
 - FT Partners leveraged its deep knowledge, extensive experience and broad industry relationships to help achieve a highly favorable outcome for stakeholders
 - Transaction demonstrates FT Partners' continued success in achieving highly attractive outcomes for leading banking technology firms
 
    