Nexala signs €2.5m software deal with US firm

Dublin software firm Nexala has signed a deal worth up to $3 million (€2.5 million) with First American, a US property company.

4th February, 2006

Dublin software firm Nexala has signed a deal worth up to $3 million (€2.5 million) with First American, a US property company.

First American is using Nexala’s technology to link with databases held by 11 US mortgage banks and evaluate the risk profile of mortgage customers.

The banks, which include Greenpoint, New Century and Radian, are responsible for about 85 per cent of all US mortgages.

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