Warminster, PA, July 13, 2023 – CORA Group (“CORA”) a subsidiary of Constellation Software Inc, is pleased to announce the acquisition of WebRecon LLC ("WebRecon"), a leading provider of litigation tracking and consumer risk management solutions for the credit and collection industry.
WebRecon specializes in offering solutions that identify litigious consumers and track litigation and CFPB complaints filed against companies in the credit and collection space. WebRecon's Litigant Alert equips businesses with the tools to identify consumers who pose significant risks and take proactive measures to protect their financial well-being.
"We are excited to welcome WebRecon into the CORA family," said Denis Brosnan, Portfolio Manager at CORA Group. "WebRecon's expertise in litigation tracking and consumer risk management perfectly aligns with our mission to provide industry-leading software solutions to our customers. This acquisition reinforces our commitment to supporting businesses in the credit and collection industry and helping them mitigate potential risks effectively."
"We are thrilled to become part of CORA and leverage their extensive network and resources," said Jack Gordon, CEO of WebRecon. "Together, we will strengthen our commitment to providing litigation tracking and consumer risk management solutions to our customers. This partnership marks a significant milestone in our journey, and we are excited about the opportunities it brings to accelerate our growth and innovation."
WebRecon was advised by Corporate Advisory Solutions, a leading investment bank serving middle-market companies, recording successful transactions in 40 years of combined experience providing independent investment and merchant banking services. With further comment on the transaction, Michael Lamm, Managing Partner of Corporate Advisory Solutions, states, "WebRecon's expertise in litigation tracking and consumer risk management aligns perfectly with CORA's vision of providing comprehensive software solutions to the credit and collection industry. We are confident that the partnership between WebRecon and CORA will deliver significant value to both companies.” Securities transactions conducted through StillPoint Capital LLC, Member FINRA/SiPC, Tampa, FL. Corporate Advisory Solutions and StillPoint Capital are not affiliated.
WebRecon is a leading provider of litigation tracking and consumer risk management solutions for businesses in the credit and collection industry. With its advanced technology and expertise, WebRecon helps companies identify litigious consumers and track litigation and CFPB complaints to mitigate risks effectively. Through affordable, usage-based pricing models, WebRecon has become a trusted partner for businesses seeking comprehensive risk management solutions.
CORA Group is a collective organization redefining advancement through the acquisition, strengthening, and growth of over 25 independent software brands worldwide. Our roots in construction and foodservice have expanded to include debt collection & recovery, wine/spirits, moving/storage, loyalty, legal, and long-term care verticals. Today, we are proud to serve over 50,000 customers in 10+ markets with industry-leading enterprise software and related services. As a subsidiary of Constellation Software Inc. (TSX: CSU), one of the world's largest owners and acquirers of vertical market software companies, we're dedicated to empowering our customers to achieve their goals with our innovative solutions.
George Chalmers
Manager of Marketing & Corporate Development
George.Chalmers@thecoragroup.com
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