Applied Business Software Completes Private Equity Transaction with Lometa Capital Partners
Applied Business Software, Inc. (“ABS”), the leading provider of loan servicing software to the private lending industry, announced the closing of a strategic growth investment from Lometa Capital Partners (“Lometa”). Lometa’s investment, made alongside a significant investment from existing management and ownership, will allow ABS to accelerate the development of its web-based platform, expand its development team and extend its recent momentum in markets adjacent to ABS’ historical mortgage core. “We
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