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Accenture buys loan software firm

New York: Accenture has agreed to acquire Mortgage Cadence, a provider of loan origination software and electronic document management services in the United States. The acquisition will add an advanced technology platform to strengthen Accenture's mortgage business-process outsourcing (BPO) services and enable the company to provide software to mortgage lenders looking to increase efficiencies and reduce costs. Denver-based Mortgage Cadence will become part of Accenture and its software will be incorporated into Accenture Credit Services, a business service within Accenture's financial services operating group. Terms of the transaction were not disclosed.

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