Additionally, SoftPro’s Solution Center was ranked #1 in the industry in total customer satisfaction by The Title Report Technology Survey 2000
SoftPro has a great reputation in the title agent market, and brings a
suite of products and services that complement our own, said John Snedegar,
Micro General president and CEO. Both companies have seen aggressive revenue
and earnings growth over the past few years, and both companies have recently
been named to the Deloitte & Touche Fast 50 for our respective regions.
Snedegar said.
Acquiring SoftPro helps to expand our product offerings and accelerates
our positioning within the title agent market, said Dale Christensen, Micro
General’s Chief Financial Officer. This acquisition puts us well ahead of
schedule in penetrating that market and SoftPro will have a positive effect on
Micro General’s revenue and earnings growth over the coming year, said
Christensen.
Today, with an install base of more than 6,200 sites nation wide and a
user base of more than 23,000, SoftPro is the leading provider of real estate
closing and title insurance software for the independent title agent
marketplace. Softpro’s products will complement Micro General’s recently
announced Net Global Solutions (NGS), a comprehensive Web-based, enterprise
production product, being developed to meet the unique requirements of the
largest title and escrow firms in the United States.
Our products bring tremendous benefits to our clients in terms of cost
savings, commented Loren Harrell, President of SoftPro. With their national
reach and financial strength, Micro General will help us distribute our
products more widely and ensure that we will continue to provide the top
quality products, services and support that our clients expect, said Harrell.
Based in Raleigh, North Carolina, SoftPro Corporation was established in
1984. SoftPro will operate as a wholly owned subsidiary of Micro General, and
will retain its existing management team and staff.
SOURCE: COMPANY PRESS RELEASE
