Philadelphia, PA, August 7, 2023 – CORA Group, a subsidiary of Constellation Software Inc., is pleased to announce the successful completion of the acquisition of WebRecon LLC (“WebRecon”), a distinguished provider of litigation tracking and consumer risk management solutions tailored for the credit and collection industry. Corporate Advisory Solutions, LLC (“CAS”) acted as the exclusive M&A adviser to WebRecon. Hal Ostrow of Rhoades McKee provided legal counsel.
WebRecon excels in delivering advanced solutions that efficiently identify litigious consumers, monitor litigation activities, and oversee CFPB complaints lodged against credit and collection entities. Their Litigant Alert feature equips businesses with essential tools to pinpoint high-risk consumers and proactively safeguard their financial well-being.
Corporate Advisory Solutions, a premier investment bank specializing in serving middle-market companies in the tech-enabled outsourced business services sector, played a pivotal role as the M&A advisor to WebRecon throughout the acquisition process.
Michael Lamm, Managing Partner of CAS, expressed his insights on the transaction, stating, “WebRecon’s expertise in litigation tracking and consumer risk management harmonizes seamlessly with CORA Group’s strategic vision of providing comprehensive software solutions to the credit and collection industry. The synergy between WebRecon and CORA Group is poised to generate substantial value for both entities.” The collaboration with WebRecon aligns with CORA Group’s commitment to innovative solutions that empower businesses across diverse domains.
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About Corporate Advisory Solutions: Corporate Advisory Solutions (CAS) is an independent investment and merchant banking firm based in Philadelphia and Washington, D.C., specializing in M&A, valuation and strategic advisory services for the Global Outsourced (tech-enabled) Business Services (OBS) sector. Our core markets include Accounts Receivable Management (ARM), Revenue Cycle Management (RCM), and Customer Relationship Management (CRM).
The CAS team brings over 40 years of combined M&A, valuation, exit prep, and strategic advisory experience to every engagement, and its members have successfully completed over 140 transactions representing more than $2.5 billion in deal value within these core markets. Visit our website: Corporate Advisory Solutions
CAS publishes a quarterly newsletter which highlights deal activity and macroeconomic trends within the OBS sector. Q2-2023 Newsletter
Securities conducted through StillPoint Capital Member FINRA/SIPC, Tampa, FL.
About WebRecon: WebRecon stands as a leading provider of litigation tracking and consumer risk management solutions, catering to businesses within the credit and collection industry. Leveraging advanced technology and domain knowledge, WebRecon empowers companies to identify litigious consumers, track litigation, and effectively manage CFPB complaints. Through transparent, usage-based pricing models, WebRecon has established itself as a trusted partner for businesses seeking robust risk management solutions.
About CORA Group: CORA Group is a collective entity that redefines progress through the acquisition, reinforcement, and expansion of more than 25 independent software brands across the globe. Originating in the construction and foodservice sectors, their portfolio now spans debt collection & recovery, wine/spirits, moving/storage, loyalty, legal, and long-term care domains. Serving over 50,000 customers across 10+ markets, CORA Group delivers industry-leading enterprise software and associated services.
As a subsidiary of Constellation Software Inc. (TSX: CSU), one of the world’s largest proprietors and acquirers of vertical market software companies, CORA Group remains committed to empowering customers with innovative solutions to achieve their objectives.
For media inquiries, please contact:
Drew Sacher, Associate, Corporate Advisory Solutions
Email: [email protected]
