Fidelity National Information Systems acquires DPN. (Technology: Update).Fidelity National Information Solutions, Inc. announced the acquisition of DPN DPN, in biochemistry, abbreviation for diphosphopyridine nucleotide, a coenzyme now usually called nicotinamide adenine dinucleotide, or NAD. DPN - Decomposed Petri Net , Inc., a leading provider of broker back office and accounting systems to the real estate industry. DPN provides a robust suite of broker back office management, integrated accounting applications, transaction management, marketing, publishing and automated real estate listing download capabilities. DPN's integrated business management and accounting capabilities also include general ledger General Ledger A company's accounting records. This formal ledger contains all the financial accounts and statements of a business. Notes: The ledger uses two columns: one records debits, the other has offsetting credits. , accounts payable, accounts receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying , sales contract Sales Contract Contract between a seller and buyer for the sale of goods, services, or both. processing and commission processing. Optional modules include fixed asset management, inventory control, payroll, human resources, relocation and property management systems. DPN systems are used by over 30 of the top 100 real estate brokerage firms nationwide, with 65 real estate companies employing more than 40,000 real estate agents. "We are excited to align ourselves with an industry leading back office technology provider like DPN, said Patrick F. Stone, chief executive officer. "The business, technology and integration synergies between DPN and ENIS ENIS Emissive Neutron Imaging and Spectroscopy are exciting." FNIS FNIS Fidelity National Information Services (Jacksonville, FL) FNIS Fidelity National Information Solutions (Santa Ana, CA) will rapidly move to integrate DPN's technology and products with the FNIS Real Estate Suite of products. This will include the integration of FNIS AgentOffice, BrokerOffice and FNIS Internet Marketing Suite with DPN's back office management and accounting platform. This integration will reduce costs, eliminate re-keying, lower complexity and improve financial management for real estate brokers and agents. "The DPN acquisition will accelerate FNIS' ability to provide a unified end-to-end technology, business and financial management platform for real estate brokers and agents," said Dwayne Walker, president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . "DPN's products and customer base will allow FNIS to expand market share and facilitate the release of new products and services, including full outsourcing services for real estate companies." "DPN will continue our long standing commitment to customer support and software integration while providing new and exciting products and services to our clients," said Dan Lowell, president of DPN. "Joining FNIS will allow DPN to develop an ASP model to meet the needs of the smaller brokers with back office solutions that are currently enjoyed by our top brokers." |
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