CoreLogic Acquires Case-Shiller

Posted by Joachim Bartels | Apr 26, 2013 | CoreLogic, Indices, Mortage Origination Services, Ownership Changes of Information Companies, Uncategorized | 0 |

CoreLogic has acquired its competitor Case-Shiller, consolidating the residential intelligence market, the company announced in a release discussing its first quarter financial results.

The deal for Case-Shiller — which created the widely-cited Case-Shiller Index – closed March 20 for roughly $6 million.

“The acquisition underscores CoreLogic’s ongoing commitment to provide comprehensive data, analytics and services to financial services, government and real estate professionals,” CoreLogic’s CEO Anand Nallathambi said in the release.

The company also announced that operating income was up 22 percent year-over-year to $55.3 million. The increase was largely fueled by a revenue boost in the company’s mortgage origination services and data analytics businesses.

Source: Therealdeal.com

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Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

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