Philadelphia, PA, August 7, 2023 – CORA Group, a subsidiary of Constellation Software Inc., is pleased to announce the successful completion of the acquisition of WebRecon LLC (“WebRecon”), a distinguished provider of litigation tracking and consumer risk management solutions tailored for the credit and collection industry. Corporate Advisory Solutions, LLC (“CAS”) acted as the exclusive M&A adviser to WebRecon. Hal Ostrow of Rhoades McKee provided legal counsel.

WebRecon excels in delivering advanced solutions that efficiently identify litigious consumers, monitor litigation activities, and oversee CFPB complaints lodged against credit and collection entities. Their Litigant Alert feature equips businesses with essential tools to pinpoint high-risk consumers and proactively safeguard their financial well-being.

Corporate Advisory Solutions, a premier investment bank specializing in serving middle-market companies in the tech-enabled outsourced business services sector, played a pivotal role as the M&A advisor to WebRecon throughout the acquisition process.

Michael Lamm, Managing Partner of CAS, expressed his insights on the transaction, stating, “WebRecon’s expertise in litigation tracking and consumer risk management harmonizes seamlessly with CORA Group’s strategic vision of providing comprehensive software solutions to the credit and collection industry. The synergy between WebRecon and CORA Group is poised to generate substantial value for both entities.” The collaboration with WebRecon aligns with CORA Group’s commitment to innovative solutions that empower businesses across diverse domains.