Compass Buys Tuttle From Lion

Compass Analytics LLC, San Francisco, has announced the acquisition of LION Inc.'s Tuttle Risk Management Services unit and related assets.The terms of the deal were not disclosed. According to the announcement, the combination creates "the largest outsourced risk management provider in the industry." A company spokesman said the two entities would continue to operate independently until a common platform is created. The products and services offered include outsourced hedge advisory and third-party valuation services as well as hosted and licensing options for pipeline risk management, servicing rights valuation, and whole-loan trading analytics serving mortgage banks, banks, thrifts, credit unions, servicers, investment banks, mortgage insurance companies, and agencies. Tuttle's LockPoint Xtra and LION's Web properties were not involved in the sale. The companies can be found on the Web at http://www.compass-analytics.com and http://www.lioninc.com.