CHARLESTON, S.C. -- Davis + Henderson Corp., the Toronto provider of financial services, has agreed to acquire Avista Solutions, maker of the popular loan origination system used by many credit unions, for $40 million.
Processing Content
Davis + Henderson has a stable of companies, among them Mortgagebot, which acquired last year for $238 million.
Avista, known for its web-based mortgage origination software, tailored for regional and community banks, and credit unions, was founded in Columbia in 2001 and relocated to Charleston less than two years ago. Avista and its employees will remain in Charleston under the deal.
