WellFound, Decade Merge

WellFound Technology, a provider of business integration systems with a focus on the financial services industry, and Decade Systems, a provider of integration and business connectivity software to the mortgage industry, have announced a merger.The financial terms of the deal were not disclosed. The merged company will be known as WellFound Decade Corp. WellFound Decade's flagship product, the Mortgage Integration Foundation, allows customers to integrate systems (including loan origination systems), users, and external partners to produce an end-to-end mortgage lending system, the company said. WellFound Decade's new management team is composed of members from both WellFound Technology and Decade Systems. Gerry C. Nelson, Decade's founder and chairman of the board, and Brian K. Fitzpatrick, Decade's chief executive officer, will serve as chairman and president, respectively. WellFound's founder and president, Roddy Henderson, will serve as vice chairman, and WellFound CEO Paul R. Gain will serve as CEO of the merged company. The new company can be found on the Web at http://www.wellfounddecade.com.