News

Deal Announcements

Xerox Agrees To Acquire Advectis For $32 Million

Thursday, September 13, 2007 5:00:00 AM PDT | VentureDeal Staff

ALPHARETTA, GA -- Xerox Corporation announced a definitive agreement to acquire mortgage software company Advectis, Inc. for $32 million in an all cash transaction.

Advectis provides the mortgage industry with a web-based document collaboration system called the BlitzDocs Collaboration Suite.

Mortgage companies use the system to capture, submit, underwrite, audit, share, deliver and archive loan documents.  The all cash purchase price also includes an additional performance-based supplement to the sale price.

Email Page  Email Page | Print Page Print Page

Loading

Free Trial

Want unlimited access to the complete database with thousands of technology companies, VCs and transactions for only $25 per month?

Start your Free 14 Day Trial now – no obligation or credit card required.

Free 14 day trial. No Obligation. Click to Register.