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Industry News

Webster Acquired by Software Solutions Holding Company, Inc.

February 10, 2006

Lakewood, CO – Software Solutions Holding Company, Inc. announced the late-December acquisition of Webster, the title industry’s premier web-based title transaction solution, along with all assets of IDIA Group. The software will now be marketed by Webster Title, a wholly-owned company of Software Solutions.

“It’s a win-win situation for both companies and existing Webster clients,” commented Rena Hutchinson, former President of IDIA Group. “All employees and operations of IDIA Group have made a seamless transition to Webster Title.” As one of the employees making the transition, Hutchinson has assumed responsibility as Webster Title’s Director of Operations and Development where she will continue to drive software development and oversee the delivery of exceptional customer support that Webster’s clientele have come to depend upon.

“The capitalization of the new company will provide greater opportunity for the company’s growth and fund further enhancements to better address the needs of the marketplace,” added Lee Bowen, new President of Webster Title. Bowen, a veteran of the financial industry with over 30 years experience in lending and business development with companies such as General Electric, Bank of America, and Bank One, brings with him proven sales and finance expertise. Assuming the Director of Sales position for Webster Title, Bowen will spearhead sales of the Webster solution.

Source: IDIA Group



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