PCi Corporation – Case Study

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Assignment:

Berkery Noyes was retained by Bankers Systems Inc to assist in the acquisition search of a Mortgage Technology provider to bolster the companies market position

Company:

Bankers Systems Inc. is the leading national provider of compliance resource solutions for financial institutions and their legal counsel. Bankers Systems is also a leading provider of compliance document modules for core processors and application developers that serve the financial services industry.

Target:

PCi Corporation is a mortgage technology provider offering compliance analytics around government-mandated and internal business rules. Over 2,000 lending institutions-including most of the nation’s largest, as well as government regulators-rely on PCi’s software and professional services to monitor, detect, analyze, and resolve compliance demands throughout the entire lending process.

Results and Contributions:

  • Provided guidance on a range of potential acquisition targets on the following criteria:
    • Ownership structure and estimated revenues
    • Potential interest in being acquired by a strategic and likely barriers to a successful transaction
  • Initiated contact with select targets
    • Initiated transaction
    • Assisted in negotiation of terms and conditions – helped devise structure to bridge valuation gap
    • Managed process to conclusion

If you’re considering growth through acquisition, the sale of a business, a timely exit strategy, or a financial restructuring, call Managing Directors Peter Ognibene, Dick O’Donnell or John Guzzo. at 212.668.3022.