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Virginia-based Headstrong buys Lydian Data Services

January 28th, 2009

FAIRFAX, VA – -Headstrong, a global financial services consulting firm, has acquired Lydian Data Services, of Boca Raton, Florida.

Financial details were not disclosed.

Lydian Data Services is an industry leader in Mortgage BPO and Technology services having processed mortgage volumes of over $150 billion over the last four years.

LDS’s award winning processing platform supports some of the largest investment banks, financial institutions and Government Sponsored Enterprises.

Headstrong says the acquisition of LDS will strengthen its US operations, through the addition of processing centers in Atlanta, Georgia and Boca Raton, Florida.

Headstrong is a global consulting firm focused on the financial services industry.

Sandeep Sahai, president and CEO of Headstrong said, “This acquisition is strategically timed to take advantage of the current turmoil in the mortgage industry – increased transparency, improved risk reduction and reduced fixed costs for loan fulfillment and review are all necessary for long-term viability of the mortgage stakeholders.”

Online: www.headstrong.com

 

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