France-based software and services provider Linedata has completed its purchase of CapitalStream, the North American loans origination platform for commercial banks and equipment finance.
The company has also launched a partnership with HCL Technologies, from which CapitalStream was purchased.
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Revenues of the CapitalStream business will be consolidated into Linedata’s accounts from today.
North America now accounts for a third of worldwide revenue at Linedata, which aims to be a leading global player in the industry, having acquired finance software provider Fimasys, active in 15 nations, in July 2011.
richard.brown@timetric.com
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