Yesterday the ASX-listed software company Rubik Financial announced it had acquired Stargate Information Systems for an upfront amount of A$20 million, with a further payment of up to $15 million, subject to earnings remaining above $3.2 million in the 2015 and 2016 financial years. Rubik also announced it had executed a binding agreement to acquire another mortgage software firm, Infinitive, for an upfront payment of $2.4 million and up to $14.1 million more over the next 18 months "subject to increased revenue outcomes".Both targets are privately-owned mortgage industry software companies which together handle around 25 per cent of all Australian intermediated (broker) mortgage settlements through cloud-based desktop applications and "gateway" software, linking brokers with a panel of lenders.These mortgage platforms will complement Rubik's existing wealth and banking platforms, once the systems are integrated, the firm said. Rubik further claimed that on completion of these deals, it will own Australia's largest independent supplier of mortgage desktop applications and second largest supplier of mortgage transactional gateway software.Rubik described the move as in keeping with its existing strategy of acquiring companies enjoying "market incumbency" in parts of the market it has not yet entered. It said it was capitalising  "on a rare opportunity to acquire both companies in a single move, establishing scale, revenues, profits and relationships instantly."Under the deal, Stargate's chief executive, Brett Spencer, becomes Rubik's managing director of mortgages.Spencer said the two companies had already been working on connecting his firm's mortgage broker platforms with Rubik's COIN financial planning and wealth management platforms. "As we proceeded we identified a lot more synergies," Spencer said.He said this was in line with the continued consolidation among brokers across the industry, adding "for us it will be business as usual."According to Rubik's ASX statement, both transactions are fully funded out of cash reserves created by its recent over-subscribed $33 million equity raising.