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The Boston Globe


Lured by talent in Boston, Altisource will open a lab

Altisource Portfolio Solutions SA, a Luxembourg-based provider of services and technology to the financial industry, is opening an innovation lab in Boston’s Financial District and plans to hire 100 software engineers and developers this year.

The company said it will invest about $150 million in the lab at the Atlantic­ Wharf complex, where it will try to create new companies based on its proprietary technology. Company officials said the Bay State beachhead will enable Altisource to recruit from Boston’s deep well of technical talent.

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