OceanSound-Backed AFS Acquires Debticate
The Boston software business adds loan-syndication and distribution workflows to AFS’s servicing platform.
AFS, an OceanSound Partners portfolio company, has acquired Debticate, a Boston-based provider of loan-syndication and sales-workflow software. Founded in 2000, Debticate develops DXSyndicate, which helps lead arrangers and agents manage transactions from customer pitches through distribution, closing and ongoing administration.
The acquisition pairs those capabilities with AFS’s commercial loan-servicing technology. The combined teams plan to maintain customer continuity while developing more connected syndicated-lending tools.
AFS was founded in 1970 and is headquartered in Exton, Pennsylvania.
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