The company will pay approximately $280 million (€231 million) in cash in the acquisition. It expects the deal to close by the end of the year.

With the purchase, GRC Compliance Solutions adds to its position in U.S. mortgage and loan document generation and analytics.

eOriginal, which has about 100 employees, serves more than 650 customers in the U.S., including banks, mortgage lenders, consumer lenders, and auto and equipment finance lenders. The eOriginal platform enables lenders and their partners to create, store and manage digital assets from close through to the secondary loan market.

GRC’s Compliance Solutions business has had a strategic partnership with eOriginal since 2016.

eOriginal expects revenue of approximately €31 million in 2020. Revenues have grown at a double-digit organic rate in the last three years.

“Borrower preferences, competition among lenders, and changing regulations are driving increased digitization of the lending workflow,” said Steven Meirink, Executive Vice President and General Manager, Compliance Solutions, Wolters Kluwer GRC. “The acquisition positions us as the leading provider of digital lending solutions, spanning all workflows from loan approval, to document preparation and closing, with compliance certainty.”