SANTA ANA, Calif., May 12, 2011 /PRNewswire/ -- 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.
(Logo:
http://photos.prnewswire.com/prnh/20100609/CLLOGO)
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.
About CoreLogic
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.
SOURCE CoreLogic