Richey May, an accounting and advisory firm serving the financial services and real estate industries, has fully acquired Amata Solutions, a provider of customized planning and business intelligence tools for mortgage lenders.
The acquisition comes three months after Richey May made an investment in the firm. Terms of the acquisition were not disclosed.
Amata Solutions is now part of Richey May Technology Solutions, Richey May’s technology consulting division launched last year.
Benjamin Duke, Amata Solutions’ founder, has taken the role of executive director, data analytics with Richey May Technology Solutions, where he will be responsible for developing and delivering business analytics solutions for mortgage lending clients.
Amata Solutions provided planning, forecasting and business intelligence tools that empower lenders to make more confident, strategic business decisions based on real-time data. The tools it developed can be applied to all areas of the mortgage business and can be integrated across a mortgage lender’s platforms, including customer relationship management software, loan origination system and general ledger software.
“We were confident that our clients would love Amata Solutions when we partnered with the firm three months ago, but we may have underestimated how much,” explains Ken Richey, co-founder and partner of Richey May, in a release. “This acquisition puts Richey May in a perfect position to help mortgage lenders address tighter margins and lower volume so they can stay several steps ahead of their competition.”