Finastra to sell Canadian-based Collateral Management Corporation business to Teranet

Finastra enters a definitive agreement to sell Canadian-based Collateral Management Corporation business to Teranet, a Toronto-based pioneer in electronic registration services.London, UK and Toronto, Canada, 25 June 2018 – Finastra today announced that it has entered a definitive agreement to sell its Canadian-based Collateral Management Corporation (CMS) business to Teranet. The transaction is expected to close in July 2018, subject to required regulatory approvals and customary closing conditions.CMS is the leading provider of lien registration... Source: RealWire

via Albert Sherrill Investment Blog http://www.realwire.com/releases/Finastra-to-sell-Collateral-Management-Corporation-business-to-Teranet