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May 16, 2008

OpenClose to Purchase Assets of LION Inc.


OpenClose, developers of Web-based, end-to-end mortgage software, has agreed to purchase the assets of LION, Inc. and will continue to operate its Precision LPX suite of mortgage software and retail Web site services. The transaction is anticipated to close this summer, subject to shareholder approval and regulatory consent.

Posted by S. Germain at May 16, 2008 08:08 AM

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