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QuestSoft acquires data verification, audit services company

Laguna Hills, Calif.-based compliance software provider, QuestSoft Corp. has acquired data verification and audit services company Investors Mortgage Asset Recovery Co LLC.

The acquisition adds Investors Mortgage's services to QuestSoft Verifications, a division of QuestSoft. All employees of Investors Mortgage transferred to QuestSoft's corporate headquarters.

Bob Simpson, the founder of Investors Mortgage, is now serving as QuestSoft's senior vice president and director of the verifications division.

Financial terms of the transaction were not disclosed.