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MMI Receives Growth Investment from WestView Capital Partners

January 19th, 2023

mmi-receives-growth-investment-from-westview-capital-partners

MMI Receives Growth Investment from WestView Capital Partners

Salt Lake City, Utah and Boston, Massachusetts – Mobility Market Intelligence (“MMI” or the “Company”), an industry-leading provider of SaaS-based data intelligence, analytics, and sales enablement tools to the mortgage and real estate industry, announced today that it has received a growth investment from WestView Capital Partners (“WestView”), a Boston-based private equity firm focused exclusively on middle market growth companies.

Headquartered in Salt Lake City, Utah, MMI provides a comprehensive software suite which enables participants in the mortgage origination process to effectively track and analyze production data. The MMI platform combines highly accurate and real time data with broad nationwide geographic coverage and an intelligent, user-friendly interface, allowing its users to quickly access the most relevant information and draw actionable insights. MMI is used by mortgage lenders, loan originators, and other real estate professionals to foster and manage referral relationships, to facilitate informed recruiting decisions, and to aid in their outbound sales efforts.

“We are excited to partner with WestView and are eager to begin our next chapter of growth,” said Ben Teerlink, Founder and CEO of MMI. “This investment from WestView will enable us to continue executing upon the numerous opportunities we have ahead of us. We are focused on continuing to add new products and features to better support our customers and will leverage WestView's long-tenured experience as software investors to help us accelerate growth and expand our talented team. WestView’s investment is a great sign to our customers, employees, and the industry at large that we have built a company and brand that is poised for continued success.”

“MMI is a true category leader and has built the leading brand in providing data, analytics, and intelligence to the mortgage origination process.” said Kevin Twomey, Principal at WestView, who will join MMI’s Board of Directors. “MMI has become an essential tool for those looking to drive more efficient production and take market share, particularly in today’s market environment.” noted Kevin. “Ben and his team have built an impressive company and have taken advantage of a clear need in the market. We are excited to partner with them as they look to continue to build and scale their platform.” added John Turner, Partner at WestView who will also join the Company’s board.

WestView was represented by Latham & Watkins LLP with debt financing provided by Abacus Finance. MMI was represented by Horizon Partners and Buchalter PC.

About Mobility Market Intelligence:

Mobility Market Intelligence, a software platform focused on the mortgage and real estate industry headquartered in Salt Lake City, Utah, launched in 2018. MMI’s robust suite of data intelligence, analytics, and sales enablement tools enable participants across the mortgage origination value chain to effectively track, analyze, and extract insights from mortgage production data. MMI’s customers rely on the platform to deliver comprehensive, accurate, and real time data in an easy-to-use format. Learn more at www.mobilitymi.com.

About WestView Capital Partners:

WestView Capital Partners, a Boston-based growth equity firm, is focused on middle market growth companies and manages $2.7 billion in capital across five funds. WestView partners with existing management teams to sponsor minority and majority recapitalizations, growth capital, and consolidation transactions in several sectors including: business services, IT services, healthcare technology and outsourcing, software, and growth industrial. WestView targets investing $20 to $100 million in companies with revenue of at least $10 million and operating profits between $3 and $25 million. For more information, please visit www.wvcapital.com.