The Toronto-based enterprise software company’s Perseus Group agreed to purchase Optimal Blue from Black Knight, which is in the process of being acquired by New York Stock Exchange operator Intercontinental Exchange. Texas-based Optimal Blue offers data and software for pricing mortgages. (The Logic)

Talking point: Constellation will pay US$200 million in cash for Optimal Blue, plus a US$500-million promissory note, a price that’s “much lower” than expected, according to a Reuters report citing KBW analysts. The sellers are hoping that foisting off the Optimal Blue business to Constellation will help secure regulatory approval of Intercontinental Exchange’s acquisition of Black Knight. The U.S. Federal Trade Commission said in March it wanted to block the tie-up between the NYSE owner and Black Knight over concerns it would “reduce innovation” and “lead to higher costs for lenders and homebuyers.” Constellation also agreed to acquire Black Knight’s Empower loan origination system business in March as it expands its software divisions.