Merger Combines Offshore and Onshore

(To read more on the debt and equity markets, click here.)

NEW YORK CITY-The CEOs of OfficeTiger and MortgageRamp were each searching for an opportunity to take the individual companies to the next level. They found that the best way to do so was to pair up. Locally based OfficeTiger’s agreement to acquire the Atlanta-based finance technology firm creates a more than $100-million global company with onshore and offshore presence. As part of the agreement, MortgageRamp will become the global real estate division of OfficeTiger.

“We were really focused on real estate finance, particularly CMBS and the CMBS market is growing,” Ken Beyer, CEO of MortgageRamp, tells GlobeSt.com. He will continue as CEO of the new Division and will report to OfficeTiger co-CEOs, Randolph Altschuler and Joseph Sigelman. “This is a way to get into the global CMBS market.”