Wednesday, April 12, 2017

Accenture's Mortgage Cadence Buys BeesPath

Denver-based Mortgage Cadence, the developer of loan origination software for the real estate finance industry which is a subsidiary of Accenture, has acquired the ClosingBridge platform of BeesPath Inc., the company said on Wednesday. Financial terms of the acquisition were not disclosed. Mortgage Cadence said BeesPath's platform facilitates simple, secure communications and file exchange for real estate finance transactions. As part of the acquisition, BeesPath's President, Tood Hougaard, will join Mortgage Cadence. BeesPath was based in Salt Lake City.