SUNRISE, Fla. — OpenClose Technologies announced Friday that it is shutting down its Web multilender marketplace and that 12 of the company’s 37 employees will be laid off in the next two months.

The company, which says it will now focus more on its private-label technology business, including its BrokerLink platform, will continue to support the 21-month-old Open Close Marketplace until April 30. It has ceased taking on new clients for it, however.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.