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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."

While a majority of the firm's employee base is overseas, Altschuler expects more will be added to both the onshore and offshore locations. "It's not about offshoring, it's about growing globally. This is a synergy, an extension." The agreement will add 150 clients to OfficeTiger's client roster and expand its existing financial management services capabilities. OfficeTiger provides integrated onsite-offshore services to professional services firms and Fortune 500 companies through its four service lines: premedia, financial management services, research and analytics and transaction processing.

Sigelman says the acquisition "foretells the next major structural change in the real estate sector, i.e., the globalization of real estate support services. The globalization of real estate support services over the next decade will provide access to the best cross-section of value and talent anywhere in the world."

Instant Insights /

Merger Combines Offshore and Onshore

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