Newspaper article The Florida Times Union

A.M. Briefing

Newspaper article The Florida Times Union

A.M. Briefing

Article excerpt

JACKSONVILLE'S LPS ACQUIRES COMPANY

Lender Processing Services has added another loan origination system with the acquisition of LendingSpace, a Maryland-based provider of mortgage loan origination software, the company announced Tuesday.

Details of the transaction were not disclosed, but in a press release, Jerry Halbrook, LPS' senior managing director of LPS Origination Technology Solutions, said, "The addition of LendingSpace's robust capabilities expands the number of innovative origination solutions we offer lenders."

LPS, based in Jacksonville, was already a national leader at providing processing services for mortgage lenders through all phases of the loan process. And last year, it acquired PCLender.com and its loan origination system.

LPS opened Tuesday at $25.43 and closed at $26.02.

Roger Bull The Times-Union

RIVERSIDE COMPANY SELLS GLOBAL CLAIMS

Global Claims Services has a new owner. The Riverside Company sold the Jacksonville-based firm to Windjammer Capital Investors. No price was given on the transaction.

Global Claims Services is an insurance service provider that determines replacement value of damaged flooring and exterior building materials. It was founded in 1993. Riverside acquired it in 2008 and bought two more companies, which it folded into Global Claims Services.

Roger Bull The Times-Union

NETFLIX STREAMING TOPS A BILLION HOURS

SAN FRANCISCO | Netflix says its subscribers watched more than a billion hours of online video last month as more high-speed Internet connections and high-powered mobile devices change people's viewing patterns. …

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