Linedata Seals CapitalStream Deal

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Linedata hopes the acquisition will boost its presence in North America.

The deal, worth $45 million, was announced in February.

Paris-based Linedata says the acquisition will enable the firm to expand its presence in the North American lending and leasing industry.

"This acquisition represents a major step in our growth strategy, enabling us to provide advanced and innovative front-to-back solutions in the key North American and European markets, and beyond," says Anvaraly Jiva, founder and CEO of Linedata.

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