According to, AzCentral.com Phoenix based AFS Technologies inc acquires Texas-based IRM Corp. and Beverly Hills and Calif.-based Motek Information Systems Inc.

To help fund its growth, AFS raised $13 million in private equity and closed on a $25 million credit facility. The firm used some of the money to buy IRM and Motek, and to pay off existing debt.

Signs of life outside of real estate, who knew.  Good too see the 90210 back in action.

Tags: AFS Technologies, phoenix