MONTREAL, May 10, 2019 — Valsoft Corporation Inc. (“Valsoft”), a Montreal-based company specializing in the acquisition and development of vertical market software businesses, is pleased to announce the acquisition of Credex Systems Inc (Credex) a leader in the origination of installment and single pay loans software market, based in Birmingham, Alabama.
Credex has been serving the needs of the financial community since 1990 and is operational in 20 states and Guam. The company is committed to the development of high-quality software systems and a level of support services unequaled in the industry.
Michael Lightfoot is extremely proud of the company that he helped grow over the last four years and is excited about its future: “As a company specializing in the acquisition and growth of vertical software, Valsoft not only ensures that our focus in the loan origination space will be maintained but provides us with the opportunity to grow our footprint and secure the evolution of our product to the needs of our current customers. We are proud of what we’ve accomplished and want to continue in that direction within Valsoft. Our customers remain the biggest driver in our decision making and we are excited at the prospect of executing on our mission with the Valsoft resources.” said Michael Lightfoot.
Michael will remain on board with the team and together we expect the team to pursue their mission and additional growth opportunities in the sector. The company will continue to provide the excellent support and a robust software solution to customers.
“Entering the loan origination business was a priority for Valsoft this year and we couldn’t have found a better way in than Credex. From top to bottom, the dedication of the team to delivering a standout product and customer service made this transaction an exciting opportunity for us to pursue. We look forward to growing our presence in the sector through this acquisition” said Sam Youssef, CEO and Co-Founder of Valsoft. “We believe we are the right buyers for the company to continue its journey for many years to come.”
About Valsoft Corporation:
Valsoft Corporation acquires and develops vertical market software companies, helping each business to deliver the best mission-critical solutions for customers in their respective industry or niche.
A key tenet of Valsoft’s philosophy is to invest in well-established businesses and foster an entrepreneurial environment that molds a company into a leader in its respective industry. Unlike Private Equity and VC firms, Valsoft does not have a pre-defined investment horizon and looks to buy, hold, and create value through long-term partnerships with existing management.