IRVINE, CA—CoreLogic has closed its acquisition of Marshall & Swift/Boeckh, DataQuick Information Systems and the credit- and flood-services operations of DataQuick Lending Solutions from the Decision Insight Information Group. The acquisitions “significantly expand our footprint in property and casualty insurance and add additional scale to our existing property data and analytics business,” according to Anand Nallathambi, president and CEO of CoreLogic.
CoreLogic is a locally based leading global property-information, analytics and data-enabled services provider; MSB is a leading provider of residential and commercial property-valuation solutions to the property- and casualty-insurance industry; and DataQuick is a property-data and analytics information company.
“The combination of MSB and our existing geo-spatial business capabilities and property-related data assets allows CoreLogic to provide our clients in the insurance industry with new and unique insights into underwriting property coverage, as well as managing natural-hazard risks and claims,” says Nallathambi. “The combination of CoreLogic, MSB and DataQuick should yield significant future growth opportunities through the introduction of new products, data-enabled services and workflow tools that draw form a wide range of gold-standard data assets and analytical capabilities.”
MSB operations and DataQuick’s data-licensing and analytics units will be reported within the company’s D&A segment. DataQuick’s flood-zone determination and credit-servicing operations will be integrated into the technology and processing solutions segment.
Also, in connection with the receipt of regulatory approval for the transaction from the FTC, CoreLogic has agreed to enter into a commercial-data license agreement with a third party. Under the agreement, CoreLogic will license to the third party national real-property public-record data for a limited term.
As GlobeSt.com reported earlier this month, along with Auction.com, CoreLogic was included on HousingWire magazine’s list of leading tech innovator in the US housing economy. The firm was chosen as one of the 100 most-innovative technology companies for housing out of the more than 400 firms HW TECH100 considered.