Headstrong, a global financial services consulting firm, has acquired Lydian Data Services (LDS), headquartered in Boca Raton, Fla.
LDS is a provider of business process outsourcing and technology services to the mortgage industry. The company's platform has processed mortgage volumes of over $150 billion over the last four years.
With the acquisition of LDS and its platforms, Headstrong is now positioned to offer a full suite of services to its global clientele, from consulting and implementation to mortgage processing.
The acquisition of LDS will strengthen Headstrong's U.S. operations, through the addition of processing centers in Atlanta and Boca Raton, Fla.
"This acquisition is strategically timed to take advantage of the current turmoil in the mortgage industry – increased transparency, improved risk reduction and reduced fixed costs for loan fulfillment and review are all necessary for long-term viability of the mortgage stakeholders," says Sandeep Sahai, president and chief operating officer of Headstrong. "The acquisition strengthens our focus on platform-based processing for financial institutions and bolsters our sizeable financial services capabilities."