Lender Processing Services Divests Both True Automation and Aptitude Solutions

Posted in Press Releases By Margaret Cobb

Lender Processing Services Divests Both True Automation and Aptitude Solutions

Ponte Vedra, FL and Cambridge, MA – May 14, 2012 - Harbor View Advisors is pleased to announce that Lender Processing Services (NYSE: LPS) has completed the sale of True Automation and Aptitude Solutions to Constellation Software (TSX:CSU).

Harbor View Advisors served as exclusive financial advisor to LPS in the transaction, which was finalized on May 3, 2012. True Automation and Aptitude Solutions were a part of Local Government Solutions division within LPS. Terms were not disclosed.

Headquartered in Plano, Texas, True Automation is the fastest growing tax and appraisal software company in the United States. Founded in 1990, True Automation has quickly become the most progressive software provider for appraisal and county tax offices with over 185 customers throughout the United States.

Headquartered in Maitland, Florida, Aptitude Solutions provides an end-to-end suite of software solutions specifically designed for county and local governments to help streamline document and workflow management, improve court case management, and simplify county recording. Over 70 counties across the United States use one or more of Aptitude’s software products.

Harbor View Advisors provides M&A advisory, turnkey corporate development and strategic consulting to software and technology-enabled business services companies. Our unique approach combines the strategic thinking of a consulting firm with the execution experience of an investment bank to provide clients with the full spectrum of guidance they need to achieve their goals. Whether you are seeking a path to liquidity for your business or are looking to strengthen your corporate development program, we work with your leadership team to solve your toughest challenges.