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Micro General Buys SmartClose System.(Expeditrix Corp.)(Brief Article)
Micro General Corp. here has acquired the technology assets of Austin, Texas-based Expeditrix Corp. and its real estate closing product, SmartClose, for $250,000. Expeditrix, which closed its doors late last year, spent over $7 million in first-round venture capital developing and marketing the product. The company failed when it was unable to close on a second round of financing.
"It was a smart acquisition," Micro General president Richard Stack told Mortgage Servicing News. He said that the company received enough hardware in the transaction to justify the purchase price, independent of the technology itself.
SmartClose is a Web-based application that links the participants in a real estate transaction, ...
- AUSTIN TITLE AND COMMONWEALTH TITLE CHOOSE SMARTCLOSE.(Expeditrix Corp.)(Brief...
- Magazine article from: Mortgage Banking January 1, 2001 700+ words
AUSTIN, TEXAS-BASED EXPEDITRIX[TM] CORPOration has announced its online transaction management service, SmartClose[SM], has been chosen by Austin Title and Commonwealth Title. SmartClose is a secure, collaborative Web-based service that brings together all residential real estate closing
- AV Labs Announces Neil Webber as Master Entrepreneur; World Class Entrepreneur...
- Press release article from: PR Newswire January 18, 2000 700+ words
...Texas, Jan. 18 /PRNewswire/ -- AV Labs, the new accelerator fund spun out of Austin Ventures, announced today that Neil Webber has joined the firm as a Master Entrepreneur. The Master Entrepreneur program is unique to AV Labs, providing portfolio...
- Micro General Buys SmartClose, Expeditrix's Tech Assets.(Brief...
- Magazine article from: Origination News Grant, Rick February 1, 2002 700+ words
...General Corp. here has purchased the Austin, Texas-based Expeditrix Corp.'s real estate closing product, SmartClose, along with...founded in July of 1999 with an undisclosed investment from Neil Webber, co-founder and former CTO of Vignette, Denis Tracey...
- Micro General Buys Expeditrix Tech.
- Magazine article from: National Mortgage News Grant, Rick January 21, 2002 700+ words
...acquired the technology assets of Austin, Texas-based Expeditrix Corp. and its real estate closing product, SmartClose, for...founded in July of 1999 with an undisclosed investment from Neil Webber, co-founder and former CTO of Vignette, Denis Tracey...
- Intellectual Property from Failed Tech Firms in Austin, Texas, Is for Sale.
- Newspaper article from: Knight Ridder/Tribune Business News February 11, 2002 700+ words
...develop a business around orphan software. But it's clear that sales of such software is a growing trend. Austin-based Expeditrix Corp., which closed in November, sold its main software product, SmartClose, to Micro General Corp. for $250,000 last...
- A Smarter Way To Close Loans: Notifying all the participants electronically...
- Magazine article from: Mortgage Technology Faucett, James May 1, 2001 700+ words
When the founders of Austin-based Expeditrix Corp. decided in July 1999 to develop a technology that facilitated real estate closing transactions on one platform, they began conducting...
- SmartClose Gets Smarter.
- Magazine article from: National Mortgage News April 23, 2001 700+ words
Technology provider Expeditrix Corp. has rolled out SmartClose 3.0, the latest version of its online transaction management platform for home closings. Steve...
- AGT announces NovAtel partnership with Bosch. (Alberta Government Telephones,...
- Press release article from: PR Newswire July 25, 1990 700+ words
...is picking up the 50 percent interest previously held by Nova Corp. "It's a perfect match," said AGT chairman, Dr. Neil Webber. "Bosch's international experience, research and development expertise, and its marketing know-how will strengthen...
Source: HighBeam Research, Micro General Buys SmartClose System.(Expeditrix Corp.)(Brief...