Cogent Road Acquired By Chronos Solutions

San Diego-based Cogent Road, a developer of software used by mortgage lenders for a wide range of credit report, valuation, and underwriting tools, has been acquired by Texas-based Chronos Solutions. Financial terms of the buy were not disclosed. Cogent Road was founded by William DiPaolo and Alan Baia in 2002. Chronos was advised by Holland & Knight LLP; Cogent Road was advised by Stinson Leonard Street LLP and Berkery Noyes. Chronos Solutions said it will use the acquisition to bolster its suite of product for mortgage lenders.