Black Knight Financial Services Acquires Motivity Solutions, a Leading Provider of Mortgage Business Intelligence Software
- Motivity Solutions will provide Black Knight clients with business intelligence capabilities, which deliver powerful, real-time dashboards, key performance indicators and drillable reporting for greater operational insight to achieve peak performance and reduce operational risk.
-Customers using Motivity Solutions' business intelligence software typically experience significant improvements in process efficiency, quality and risk management.
-Motivity Solutions offerings will be integrated with Black Knight's LoanSphere Product Suite, including the LoanSphere Data Hub, to provide clients with deeper insights into their origination and servicing operations and portfolios.
JACKSONVILLE, Fla., June 22, 2016 /PRNewswire/ -- Black Knight Financial Services, Inc. (NYSE: BKFS), a leading provider of premier technology, data and analytics across the mortgage loan lifecycle, has acquired Motivity Solutions, which provides customized mortgage business intelligence analytics. Motivity Solutions' comprehensive business intelligence helps lenders more effectively manage and understand their data, better support regulatory compliance and increase understanding and management of their performance compared to industry peers.
Motivity Solutions saves its clients considerable time and money by automating data extraction and directly integrating embedded analytics with production data to capture changes in a client's database in near real-time. To help its clients more quickly identify operational issues, these solutions can be tasked to recognize patterns and outliers for key performance indicators to track all critical areas of concern in a single, easy-to-read view.
The Motivity Solutions offerings will be integrated with Black Knight's LoanSphere Product Suite, including the LoanSphere Data Hub, to provide clients with insights into their origination and servicing operations and portfolios. These business intelligence solutions will deliver actionable information to help improve compliance, sales and operations, as well as provide executive management insights.
"Acquiring the capabilities of Motivity Solutions will accelerate Black Knight's delivery of our Active Insight platform and Data Hub initiative. For our clients, these new capabilities will offer unique views into the types of information they need to drive peak performance and more effectively assist our customers in managing their regulatory risk," said Black Knight President and CEO Tom Sanzone. "This acquisition of Motivity Solutions further demonstrates our drive to accelerate our growth and deliver the additional capabilities our customers want."
In 2012, Motivity Solutions was ranked number 210 on Inc. Magazine's Inc. 500 list of the fastest-growing companies in the United States, and named to Mortgage Technology Magazine's list of the mortgage industry's top 50 service providers from 2009 – 2014.
"We were committed to finding a buyer that shares our passion for using business intelligence to drive superior operating results. We found what we were looking for with Black Knight," said Tyler Sherman, CEO and co-founder of Motivity Solutions. "Together, we are going to help our customers achieve superior results with innovative solutions and unparalleled insight."
The terms of the deal were not disclosed.
About Black Knight Financial Services, Inc.
Black Knight (NYSE: BKFS), a Fidelity National Financial (NYSE:FNF) company, is a leading provider of integrated technology, data and analytics solutions that facilitate and automate many of the business processes across the mortgage lifecycle.
Black Knight is committed to being the premier business partner that lenders and servicers rely on to achieve their strategic goals, realize greater success and better serve their customers by delivering best-in-class technology, services and insight with a relentless commitment to excellence, innovation, integrity and leadership. For more information on Black Knight, please visit www.bkfs.com.
This press release contains forward-looking statements that involve a number of risks and uncertainties. Statements that are not historical facts, including statements regarding expectations, hopes, intentions or strategies regarding the future are forward-looking statements. Forward-looking statements are based on Black Knight management's beliefs, as well as assumptions made by, and information currently available to, them. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected. Black Knight undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. The risks and uncertainties that forward-looking statements are subject to include, but are not limited to: electronic security breaches against our information systems; our ability to maintain and grow our relationships with our customers; changes to the laws, rules and regulations that impact our and our customers' businesses; our ability to adapt our services to changes in technology or the marketplace; the impact of any potential defects, development delays, installation difficulties or system failures on our business and reputation; changes in general economic, business, regulatory and political conditions, particularly as they affect the mortgage industry; risks associated with the availability of data; the effects of our substantial leverage on our ability to make acquisitions and invest in our business; risks associated with our structure and status as a "controlled company;" and other risks and uncertainties detailed in the "Statement Regarding Forward-Looking Information," "Risk Factors" and other sections of our Annual Report on Form 10-K and other filings with the Securities and Exchange Commission.