Altisource to Acquire Equator

                        Altisource to Acquire Equator

Global FinTech Leader to Acquire Mortgage-Related Software as a Service
Provider for $70 Million Plus Earn Out

PR Newswire

LUXEMBOURG, Aug. 21, 2013

LUXEMBOURG, Aug. 21, 2013 /PRNewswire/ --Altisource Portfolio Solutions S.A.
("Altisource" and NASDAQ: ASPS), a premier marketplace and transaction
solutions provider for the real estate, mortgage and consumer debt industries,
today announced that its subsidiary has entered into a definitive agreement to
acquire Equator, LLC ("Equator"), a national leader in mortgage and real
estate related SaaS solutions. The acquisition will strengthen Altisource's
position as a market leader for real estate lifecycle management technologies
and marketplace services and will diversify its customer base by providing
software solutions to the largest mortgage servicers and government sponsored
enterprise in the U.S. The acquisition is valued at a base price of $70
million on closing with contingent earn out consideration of up to an
additional $80 million over three years, subject to Equator achieving annual
performance targets. The acquisition is expected to close within 30 days and
is subject to customary closing conditions.


Four of the top six U.S. mortgage servicers and government sponsored
enterprises, over 460,000 real estate agents and 20,000 service providers rely
on Equator's marketplace platform to coordinate activities associated with the
management of mortgages and the purchase, management and sale of real estate.

William B. Shepro, Chief Executive Officer of Altisource said, "The
acquisition of Equator will strengthen Altisource's leading position in the
real estate and mortgage industries. The acquisition expands our marquee
client list and provides our customers with one of the most comprehensive real
estate lifecycle management platforms and services marketplaces available. The
Equator brand and management team are an essential part of the acquisition.
Equator will join the Altisource family of businesses and operate within our
Technology Services segment. Together, we will continue to develop innovative
process management and vendor solutions across the real estate and mortgage

Christopher L. Saitta, Chief Executive Officer of Equator said, "Equator and
Altisource have a shared vision for enabling the real estate marketplace of
the future with a common, modern technology platform that reduces friction,
enhances compliance and creates transparency for all participants. Our
combined technical and financial strength means that our customers can look
forward to more rapid product innovation and responsiveness to industry
changes on EQ platforms."

For more information, please visit the Investor Relations, Events and
Presentations section of Altisource's website,

Forward-Looking Statements

This press release contains forward-looking statements that involve a number
of risks and uncertainties. These forward-looking statements include all
statements that are not historical fact, including statements about
management's beliefs and expectations. Forward-looking statements are based on
management's beliefs as well as assumptions made by and information currently
available to management. Because such statements are based on expectations as
to future economic performance and are not statements of historical fact,
actual results may differ materially from those projected. Altisource
undertakes no obligation to update any forward-looking statements whether as a
result of new information, future events or otherwise. The risks and
uncertainties to which forward-looking statements are subject include, but are
not limited to: Altisource's ability to integrate the acquired business,
retain existing customers and attract new customers; general economic and
market conditions; governmental regulations, taxes and policies; availability
of adequate and timely sources of liquidity; and other risks and uncertainties
detailed in the "Forward-Looking Statements," "Risk Factors" and other
sections of Altisource's Form 10-K and other filings with the Securities and
Exchange Commission.

About Altisource^®

Altisource is a premier marketplace and transaction solutions provider for the
real estate, mortgage and consumer debt industries offering both distribution
and content. We leverage proprietary business process, vendor and electronic
payment management software and behavioral science based analytics to improve
outcomes for marketplace participants. Additional information is available at

About Equator^®

Founded by Mark A. McKinley and Christopher L. Saitta in 2003, Equator is an
industry leading marketplace and transaction solutions provider for the
mortgage and real estate industries. The company's solutions include EQ
Workstation^®, EQ Marketplace^®, EQ Midsource^® and EQ Portal^™, which can be
used a la carte or together as an end-to-end solution. The company's REO,
short sale and loss mitigation modules have processed transactions totaling
more than $150 billion. Four of the top six U.S. mortgage servicers and
government sponsored enterprises currently use Equator's platform. Equator
has offices in Los Angeles, Seattle, Dallas and Irvine. Additional information
is available at

SOURCE Altisource

Contact: Investor Contact: Michelle D. Esterman, Chief Financial Officer, +352
2469 7950,, or Press Contact: Abigail H.
Snyder, Associate Marketing Manager, 617-728-5535,
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