Black Knight Buys Electronic Document Firm eLynx

Black Knight Financial Services has acquired Cincinnati-based electronic mortgage document company eLynx from American Capital Ltd. The price paid was not disclosed.

This is the first acquisition for analytics and data provider BKFS since it became a publicly traded company in May 2015. Fidelity National Financial, the largest title insurance underwriter, holds the majority ownership interest in BKFS, which it spun out in January 2014. Both companies are headquartered in Jacksonville, Fla. Among the businesses FNF put into BKFS were ServiceLink and Lender Processing Services.

"Over the last two and a half years, we have successfully implemented our business plan to restructure the company and develop a strong cross-selling organization. It is now time to begin executing our acquisition strategy to accelerate our growth profile and fill out our product offerings, said BKFS Executive Chairman William Foley. Foley is also nonexecutive chairman of FNF.