Senior management from Optimum Blue go away Constellation after acquisition 

Senior management from Optimum Blue go away Constellation after acquisition 

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Not up to a month after Constellation Tool bought Optimum Blue, 3 participants of its senior management departed the company.

Optimum Blue is Constellation’s product and pricing engine unit that was once a part of Black Knight Origination Applied sciences, which not too long ago rebranded to Darkish Topic Applied sciences after the combination.

“Acquisitions recurrently steered alternate and management transitions, and our integration into Constellation isn’t any exception,” the Optimum Blue Communications group stated in an electronic mail despatched to its shoppers on Tuesday.

Kevin McMahon, CEO of Optimum Blue; Ed Batt, VP of gross sales at Optimum Blue; and Matt Cesarz, leader generation officer at Optimum Blue, made impartial choices to pursue different alternatives outdoor of the corporate, in step with the e-mail. 

“Every chief is dedicated to making sure a easy transition so we will proceed handing over the top-tier provider and innovation you are expecting from Optimum Blue,” the Optimum Blue Communications group added. 

McMahon served as CEO of Optimum Blue from January 2023 earlier than getting promoted from VP of consumer services and products and hedging answers in October 2021. 

Batt served as VP of gross sales for greater than six years since January 2017, and Cesarz was once leader generation officer for greater than seven years, their LinkedIn profiles display.

Constellation’s Optimum Blue didn’t reply to HousingWire’s request for remark.

Scott Smith, co-president of Romulus portfolio at Perseus Crew of Constellation Tool, will function the intervening time chief of Optimum Blue till a CEO is called, in step with the customer electronic mail.

Black Knight and Intercontinental Alternate (ICE) agreed to promote Optimum Blue in addition to mortgage origination device, Empower, to Constellation as a way to save the merger deal. ICE finished the purchase of Black Knight for $11.9 billion in September.

Executives of Darkish Topic Applied sciences had famous in a earlier interview with HousingWire that the company doesn’t plan on any layoffs and can prioritize a easy transition to Constellation with its 1,300-plus workers for the rest of 2023. 

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