Black Knight Inc.
has announced its acquisition of Compass Analytics LLC, a San Francisco-headquarter provider of valuation, pipeline risk management and hedge advisory services. Terms of the transaction were not disclosed.
According to the Jacksonville, Fla.-based Black Knight, the acquisition will enable an expansion of its technology into capital markets, with the goal strengthening the bonds between originators, servicers and investors. The acquisition will also add mortgage servicing rights valuation capabilities to Black Knight’s product line.
"Both Black Knight and Compass Analytics are focused on developing innovative technologies that give enhanced functionality and value to our customers, so integrating our two companies was a natural fit," said Black Knight CEO Anthony Jabbour. "This acquisition will give us the opportunity to bring clients new and useful tools to improve risk management, gain deeper insight for smarter decision-making, and identify best-execution strategies."
"Compass Analytics shares Black Knight's passion for working collaboratively with clients to help transform the mortgage industry with superior technology, data and analytics," said Compass Analytics CEO Rob Kessel. "We are proud to join forces with such an exceptional company and believe that combining the capabilities of Compass Analytics and Black Knight will provide the resources to accelerate our joint delivery of open platform, market-leading analytics and price transparency to the industry. Today is a win for our clients, employees and the mortgage industry."