Intercontinental Exchange Inc., a global provider of data, technology and market infrastructure, in connection with its acquisition of Black Knight, has completed the sale of Black Knight’s Optimal Blue and Empower loan origination system (LOS) businesses to the Perseus operating group, a subsidiary of Constellation Software Inc.
As previously announced, the divestitures of the Black Knight assets helped to secure regulatory clearance from the U.S. Federal Trade Commission (FTC) for ICE’s acquisition of Black Knight. The terms of ICE’s agreement with the FTC required the sale of those assets within 20 days of the close of the Black Knight acquisition, which occurred on September 5.
“With these two recent acquisitions, we have assembled an incredible portfolio of independently run companies and products in the mortgage software space,” says Tom George, co-president of the Romulus Group of Perseus, who led the acquisitions with Bonnie Wilhelm, COO of Perseus. “We are excited to be able to work with all our groups to invest and grow both organically and through additional acquisitions.”
