Real estate data provider CoreLogic is buying Marshall & Swift/Boeckh and DataQuick Information Solutions for $661 million, helping to broaden its property/casualty insurance services and add to its existing property data and analytics business.
The transaction with the Decision Insight Information Group also includes the credit and flood services operations of DataQuick Lender Solutions.
Marshall & Swift/Boeckh offers building cost information, residential and commercial analytics services and business management services for property insurance companies, financial services organizations and the public sector.
DataQuick Information Systems provides real estate data, analytics and business services to mortgage originators and servicers, investors, real estate professionals and the public sector.
Marshall & Swift/Boeckh and DataQuick’s data licensing and analytics divisions will be folded into CoreLogic’s data and analytics segment. DataQuick’s flood zone determination and credit servicing operations join CoreLogic’s mortgage origination services segment.
CoreLogic, which is based in Irvine, Calif., said Monday that the buyout is expect to add to its 2013 financial results, excluding one-time reductions in acquired deferred revenue and other purchase accounting adjustments.
The deal is expected to close in the third quarter.
Topics California
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