Optimal Blue – a Plano company whose software helps process 1 in 4 mortgages nationwide will be acquired by Chicago-based private equity firm GTCR, according to a news release.
Optimal provides cloud-based software to mortgage service companies and was founded by Larry Huff and Ivan Darius. They will remain as consultants to Optimal Blue.
Scott Happ, CEO of Mortgagebot, a point-of-sale system vendor, will be the new CEO.
According to a story in National Mortgage News, Happ founded Mortgagebot in 1997 and led it until it sold to DH Corp, a Canadian company, for $232 million in 2001.
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