AFS acquires Debticate to add syndicated-loan workflow software
Image: Primary AFS has acquired Debticate, adding loan syndication and sales workflow technology to its commercial loan servicing and lifecycle-management platform.
Financial terms were not disclosed. Debticate's software supports syndicated-lending processes from origination through distribution, closing and agency administration. AFS says the combined offering will cover a larger share of the syndicated-loan lifecycle, while Debticate's technology and analytics join its product suite.
The acquisition is intended to automate coordination across lending workflows involving multiple financial institutions. The source gives no timeline for product integration or customer migration.
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