Richey May Acquires Amata Solutions

Ken Richey

Englewood, Colo.-based Richey May & Co. (FY17 net revenue of $21.5 million) announced it has acquired Amata Solutions, a provider of customized planning and business intelligence tools for mortgage lenders.

The acquisition comes three months after Richey May made an investment in the firm. Terms of the acquisition were not disclosed.

Amata Solutions is now part of Richey May Technology Solutions, the tech consulting division launched last year. Benjamin Duke, Amata Solutions’ founder, has taken on the role of executive director, data analytics, with Richey May Technology Solutions, where he will be responsible for developing and delivering business analytics solutions for mortgage lending clients.

Amata Solutions provided planning, forecasting and business intelligence tools that allow lenders to make more confident, strategic business decisions based on real-time data. The tools can be applied to all areas of the mortgage business and can be integrated with customer relationship management (CRM) software, loan origination systems (LOS) and general ledger software (GL).

“We were confident that our clients would love Amata Solutions when we partnered with the firm three months ago, but we may have underestimated how much,” says Ken Richey, co-founder and partner of Richey May. “This acquisition puts Richey May in a perfect position to help mortgage lenders address tighter margins and lower volume so they can stay several steps ahead of their competition.”

“Since partnering with Richey May, we have been busier than ever,” says Duke. “There was so much synergy between Richey May’s consulting services and our products and services that it simply made sense to go ‘all in’ and join forces.”

Richey May Technology Solutions offers a full spectrum of technology solutions, from cloud services and cybersecurity to marketing technology, and from governance, risk, controls and privacy to technology management consulting.