We are thrilled to announce that Serent Capital, a leading private equity firm that invests in high growth businesses, has acquired Mercury Network. The official press release is here. This investment means we’re taking Mercury Network to the next level, putting even more resources behind it to rapidly expand the client base.
The acquisition means new benefits are coming your way. We’re already growing and profitable, and this kind of backing will launch Mercury to the next level with the resources that will bring you:
- Even faster development of the collateral risk decisioning tools you and your clients need for compliance and efficiency
- An enhanced product and service suite to attract even more lenders and AMCs to Mercury Network instead of them continuing to use the old legacy systems that waste your time
Today, more than 600 lenders and AMCs choose Mercury Network to power more than 20,000 appraisals a day. But many of you know where we started - as a product of a la mode so lenders and AMCs could deploy a workflow system that didn’t slash your fees like the alternatives. We grew faster than anyone expected over the past several years, so we were spun off as a subsidiary of a la mode first, and now have been fully acquired by Serent Capital. While we’re no longer the same company as a la mode, and there’s no ownership of Mercury Network by a la mode, it will be business as usual for you, as we’ve been operating as a division inside a la mode for a few years now. Check the FAQ here for more information about your plugins and support options.
Over the next several months, you’ll see changes to Mercury Network to continue the transition to our new brand, as well as powerful new features, and we’ll keep you updated on here.
Thank you for your business. We know we couldn’t have done any of this without your continued support, so we’re committed to leveraging our new resources to bring you the very best technology and services.