[April 12, 2018] |
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CoreLogic Acquires a la mode technologies, LLC
CoreLogic® (NYSE: CLGX), a leading global property
information, analytics and data-enabled services provider, today
announced the completion of the Company's acquisition of a la mode
technologies, LLC (a la mode). a la mode provides subscription based
software solutions to more than 40,000 appraiser professionals across
the United States. The software solutions provided by a la mode
facilitate the aggregation of data, imagery and photographs in a GSE
compliant format for the completion of U.S. residential appraisals. a la
mode, founded in 1985, is headquartered in Oklahoma City.
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https://www.businesswire.com/news/home/20180412005344/en/
CoreLogic President & CEO Frank Martell (Photo: Business Wire)
"The acquisition of a la mode is an important next step in the
development and scaling of our end-to-end valuation solutions workflow
suite which includes data and market insights, analytics as well as
data-enabled services and platforms," said Frank Martell, CoreLogic
president and CEO. "a la mode tools and solutions help to make our
professional appraiser community more productive and efficient. The
addition of a la mode to our existing workflow and technology offerings
also provides CoreLogic with a seamless digital platform for ordering,
preparing, quality assuring and deliverng property valuations and
allows us to expand the connectivity between a number of the major
constituencies in the mortgage underwriting ecosystem."
The acquisition of all of the equity of a la mode is expected to be
modestly accretive to CoreLogic's 2018 revenue and adjusted EBITDA,
excluding certain purchase accounting adjustments and one-time
integration-related costs.
About CoreLogic
CoreLogic (NYSE: CLGX) is a leading global property information,
analytics and data-enabled solutions provider. The company's combined
data from public, contributory and proprietary sources includes over 4.5
billion records spanning more than 50 years, providing detailed coverage
of property, mortgages and other encumbrances, consumer credit, tenancy,
location, hazard risk and related performance information. The markets
CoreLogic serves include real estate and mortgage finance, insurance,
capital markets, and the public sector. CoreLogic delivers value to
clients through unique data, analytics, workflow technology, advisory
and managed services. Clients rely on CoreLogic to help identify and
manage growth opportunities, improve performance and mitigate risk.
Headquartered in Irvine, Calif., CoreLogic operates in North America,
Western Europe and Asia Pacific. For more information, please visit www.corelogic.com.
CORELOGIC and the CoreLogic are trademarks of CoreLogic, Inc. and/or
its subsidiaries.
Safe Harbor/Forward-Looking Statements
Certain statements made in this press release are forward-looking
statements within the meaning of the federal securities laws, including
but not limited to statements that (i) the a la mode acquisition will
advance the Company's valuation solutions capabilities; and (ii) the a
la mode acquisition will be modestly accretive to the Company's 2018
revenue and adjusted EBITDA, excluding certain accounting adjustments
and costs. Risks and uncertainties exist that may cause the results to
differ materially from those set forth in these forward-looking
statements. Factors that could cause the anticipated results to differ
from those described in the forward-looking statements include the risks
and uncertainties set forth in Part I, Item 1A of our most recent Annual
Report on Form 10-K, including without limitation: difficult conditions
in the mortgage and consumer lending industries and the economy
generally; compromises in the security of our data, including the
transmission of confidential information or systems interruptions; our
indebtedness and the restrictions in our various debt agreements; and
our ability to realize the anticipated benefits of certain acquisitions
and/or divestitures and the timing thereof. The forward-looking
statements speak only as of the date they are made. The Company does not
undertake to update forward-looking statements to reflect circumstances
or events that occur after the date the forward-looking statements are
made.
CLGX-F

View source version on businesswire.com: https://www.businesswire.com/news/home/20180412005344/en/
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