Mortgagebot provides software enabling banks and credit unions to process mortgage applications online.

Davis + Henderson acquired Mortgagebot to diversify and extend its services in the financial marketplace.

The acquisition of Netupdate further expands Mortgagebot's industry leading market share in online, point-of-sale mortgage technology.

Spectrum Equity has completed an $84 million recapitalization of Cedarburg, Wisconsin-based Mortgagebot, a leading provider of technology solutions to mortgage lenders.