CLS Corp., Blue Bell, Pa., has acquired Lemans Group Ltd., King of Prussia, Pa.
CLS is a provider of consumer loan outsourcing and servicing to financial institutions, government agencies, and institutional investors.
The LeMans Group provides leasing software and servicing. LeMans's software products include LeaseMaster II for the processing of consumer vehicle leases and LeasePro II for the management of equipment leasing portfolios.
The merged company will provide outsourcing and servicing, with an emphasis on facilitating the packaging, securitization, and servicing of consumer financial assets. The new corporate headquarters will be in King of Prussia.