eLynx confirmed that the previously announced acquisition of Medallion Analytics Company (Medallion) was finalized as scheduled on Friday, October 31, 2014. As part of the transaction, eLynx acquired all of Medallion’s assets, including products, intellectual property, and customers.
The sale price was not disclosed. Medallion’s products, which include services that help lenders and settlement services extract and use data in documents to ensure greater quality, accuracy, and compliance in loan documents from pre- to post-close, will become part of the Expedite Services Platform suite of services.
“The Medallion services are a natural complement to our existing portfolio of services. The addition brings valuable expertise in data and settlement services to eLynx,” says eLynx President and CEO Sharon Matthews. “We are also excited to welcome the Medallion Analytics customers to the eLynx family and to showing them the high level of quality and support our lender customers enjoy.”