Press Release:
October 12, 2007
Compass Enters Definitive Agreement to Acquire Tuttle Risk Management Services (TRMS)
San Francisco,
CA – October 12, 2007– Compass
announced today that it had entered into a definitive
agreement to buy the TRMS business unit of LION, Inc.
(LINN). The transaction is expected to close in November
2007, subject to the satisfaction of customary closing
conditions.
Tuttle Risk Management
Services (TRMS) provides outsourced risk management
and trade execution services and the licensing of proprietary
software that provides mortgage pipeline risk management
solutions for mortgage companies and savings and loan
associations that seek to originate and then sell loans
into the secondary mortgage market.
"TRMS is delighted
to join forces with Compass," stated Sern Clementson,
President of Tuttle Risk Management Services, LLC. "This
transaction will enable our TRMS customers to access
a much broader array of products and services than we've
ever been able to offer in the past."
Rob Kessel, Managing
Partner of Compass, added, "We are very excited
with the scale and best practices that the combination
of Compass and TRMS represents and are eager to begin
providing enhanced and industry-leading service and
analytics to our joint customer base."
For more information about Compass Analytics, please visit its website
at http://www.compass-analytics.com or email kkramer@compass-analytics.com. |