Man, Victor has the scoop with this one…
Lone Wolf acquires Instanet Solutions
“Today, Lone Wolf, one of the leading providers of broker accounting and management solutions, announced its acquisition of fellow Canadian company, Instanet Solutions. This is the second transaction management software acquisition in the past two weeks. Fidelity National Financial, Inc. recently acquired a majority interest in Skyslope, another highly regarded transaction management solution.”
The Private Equity firm, Vista, owns Lone Wolf. They made a minority investment in Lone Wolf in 2015, then took control with another investment in 2016.
In 2016 Vista inserted a new CEO and Executive chairman (and fired about 40 Lone Wolf employees.) Nobody is talking about price but this has huge implications for associations and MLS providers.
