London Bridge Software Holdings plc, London, has acquired CheckFree's Mortgage Products Division and intends to make it part of the firm's North American operation, LBSS Inc. Based in Atlanta, LBSS provides a range of mortgage software products from residential construction and origination to servicing and default management.LBSS hopes that the acquisition will provide an opportunity to cross-sell distressed debt products to large banking customers. The company called the acquisition "another clear sign of London Bridge's growing commitment to success in the U.S. software business."
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