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London Bridge Buys Mortgage Software Company

Computergram International, July 6, 1998

London Bridge Software Holdings Plc, the UK company that offers credit risk software, is buying the mortgage products division of Atlanta, Georgia-based CheckFree Corp to strengthen the range of financial packages it offers in the US. The acquisition, for an undisclosed sum, gives it a series of packages that support the mortgage process from origination to loan administration and foreclosure.

London Bridge bought CheckFree s recovery management services division last year. CheckFree, a subsidiary of CheckFree Holdings Inc, announced plans earlier this year to sell seven of its software businesses to concentrate on electronic commerce processing.

COPYRIGHT 1998 ComputerWire, Inc.
COPYRIGHT 2000 Gale Group
 

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