Carrollton, Texas-based legal and financial services technology provider, a360inc has announced that Chicago-based Knox Capital, an affiliate of Morgan Stanley Private Credit and ORIX Mezzanine & Private Equity, has made a strategic investment in the company.
With this new capital investment, a360inc plans to accelerate the strategic expansion and improvement of its technology and services in the creditors’ rights market through direct investment and acquisition.
“Today’s default market is primed for modernization and evolution, and this investment allows us to focus on the future,” said Scott Brinkley, CEO of a360inc. “a360inc sees a massive opportunity in creating a market-leading technology and services platform built around all vendor constituents in our ecosystem: from law firms and their vendors to the ultimate end-client: Mortgage servicers and investors.”
The company said that the Knox Capital investment allows a360inc to immediately pursue additional acquisitions that fill gaps in the company’s offerings while facilitating further advances and cross-platform integration of its current technology and outsourced services.
“We’re excited to partner with Scott and the team he’s built to help lead a360inc into the future. The market is well-positioned to continue to adapt and evolve with technology and outsourced services, and we see a360inc as the company to lead that change,” said Mike Bryant, Partner at Knox Capital.
“a360inc follows our approach perfectly, matching Knox’s experienced executive talent with a management and leadership team that holds a clear strategic vision,” said Alex Gregor, Founder of Knox Capital.
a360inc also recently announced the inclusion of three mortgage servicing and investor-focused technology solutions from CoreLogic to its platform: VendorScape, iClear, and CMAX. Prior to that, a360inc acquired KMCIS, Inc. in 2017, which brought the leading case management software for creditors rights’ law firms, CaseAware, into the a360inc family.
Between 2014 and 2016, the company acquired the technology and managed services platform assure360, the C2C Title Solutions business, and the Firm Solutions practice management and consulting group. Additional terms of the deal were not disclosed. Marks Baughan Securities acted as the exclusive financial advisor to a360inc.