San Francisco, CA - May 7, 2015 — 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.
We've put together and FAQ here. If you have additional questions, don’t hesitate to reach out to info@MercuryVMP.com and we’ll get back with you right away.
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.
About Serent Capital
Serent Capital invests in growing businesses that have developed compelling solutions that address their customers' needs. As those businesses grow and evolve, the opportunities and challenges that they face evolve with them. Principals at Serent Capital, through their experiences as CEOs, strategic advisors, and board members to successful, growing businesses, have firsthand experience in capturing those opportunities and navigating related challenges. By bringing its experience and capital to bear, Serent helps growing businesses thrive.
For more information on Serent Capital, visit www.serentcapital.com.