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Finance provider buys ECMC Servicing assets

FUTR Corp.has bought the assets of ECMCServicing Corp. from ECMCGroup Inc. subsidiary ECMC Holdings Corp.

The deal involves ECMC Servicing's core assets, includingits customer base comprised of U.S. banks, credit unions and post-secondaryeducational institutions, and its intellectual property. Some ECMC Servicingemployees were appointed to FUTR's executive and management team in connectionwith the deal.

ECMC Servicing provides private student loan-servicingsolutions. FUTR is a privately held and venture-backed higher education financeprovider headquartered in San Francisco.