ClosingCorp Fires Benson, Seeks More Tech Experience in Replacement

Brian Benson has been fired as CEO of ClosingCorp., because the privately held company's board wants a person more experienced with a technology background to capitalize on its upward trajectory.

"Given the company's significant growth — growing by approximately 90% — the board decided that ClosingCorp needs a more seasoned CEO with experience in a high-growth technology environment," said a statement from the San Diego-based company.

ClosingCorp's board is looking for a person who has operations and Software-as-a-Service expertise to be the next full-time CEO. Until a new CEO is hired, James Bolger, chief financial officer, and Kamel Boulos, chief technology officer, will share those duties, the statement said.

ClosingCorp aggregates closing cost data such as real estate recording fees and transfer taxes and provides it to mortgage originators.

"The board has been very pleased with the company's performance and expects that the company will continue this upward trajectory both with the current interim changes and even more so under the new seasoned CEO leadership," Staffan Encrantz, ClosingCorp's chairman, is quoted in the statement as saying. Encrantz is the CEO of Allegro Investment Inc. and managing partner of the Allegro Investment Fund LP. The fund invests in private companies in varying stages of development, from start-ups to established businesses.

Benson was hired as ClosingCorp's CEOin October 2013. Previously he was at CoreLogic, where he was vice president of sales.

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