Mortgagebot, a division of Marshall & Ilsley Corporation (NYSE: MI), is a diversified financial services company, and spun-off as an independent company through a management led buyout in April 2001. A provider in the online mortgage lending arena, Mortgagebot combines its mortgage banking experience with leading-edge technology to create turnkey Internet solutions for mortgage lenders nationwide. Mortgagebot offers its internally developed, proprietary technology as a hosted, application service. Mortgagebot's web-enabled solutions are completely private-labeled, allowing clients to fully leverage their own brand and customer relationships.In September 2009, Mortgagebot was acquired by Spectrum Equity through a recapitalization. In March 2011, Mortgagebot was acquired by Davis + Henderson. The valuation of Mortgagebot was undisclosed. Other terms of the deal were not released.