CoreLogic Announces Completion of RP Data Acquisition
Email Dan Smith
May 12, 2011, Santa Ana, Calif. –
CoreLogic® (NYSE: CLGX), a leading provider of information, analytics and business services, announced today the completion of its previously announced acquisition of RP Data Limited (ASX: RPX) “RP Data” effective May 13, 2011, in Australia. CoreLogic, which had previously held a 40-percent equity interest in RP Data, acquired all of the outstanding shares of the company.
RP Data, headquartered in Brisbane, Australia, is the leading provider of residential and commercial property information, including real estate data, electronic property valuations and consumer reports, throughout Australia and New Zealand. RP Data serves more than 10,000 clients including a significant market penetration with real estate agents, appraisers and financial institutions.
“We are pleased to have closed the RP Data transaction on schedule and consistent with the terms previously announced,” said Anand Nallathambi, president and CEO of CoreLogic. “We look forward to the extension of CoreLogic products and intellectual property into the Australia and New Zealand markets and further business expansion into the Asia Pacific region.”
Macquarie Capital and Clayton Utz advised CoreLogic in the transaction.
O’Sullivan Partners and Allen & Overy advised RP Data in the transaction.
CoreLogic is a leading provider of consumer, financial and property information, analytics and services to business and government. The company combines public, contributory and proprietary data to develop predictive decision analytics and provide business services that bring dynamic insight and transparency to the markets it serves. CoreLogic has built the largest and most comprehensive U.S. real estate, mortgage application, fraud, and loan performance databases and is a recognized leading provider of mortgage and automotive credit reporting, property tax, valuation, flood determination, and geospatial analytics and services. More than one million users rely on CoreLogic to assess risk, support underwriting, investment and marketing decisions, prevent fraud, and improve business performance in their daily operations. Formerly, the information solutions group of The First American Corporation, CoreLogic began trading under the ticker CLGX on the NYSE on June 2, 2010. The company, headquartered in Santa Ana, Calif., has more than 10,000 employees globally with 2010 revenues of $1.6 billion. For more information visit www.corelogic.com.
CoreLogic is a registered trademark of CoreLogic.