CoreLogic, an Irvine-based residential and property information and analytics business, said it entered into a definitive agreement to purchase three entities — Marshall & Swift/Boeckh; Dataquick Information Systems; and the credit and flood services operation of Dataquick Lender Solutions — from the Decision Insight Information Group in a deal valued at $661 million.
San Diego-based Dataquick Information Systems is a supplier of real estate data, analytics and business solutions to mortgage originators and servicers, investors, real estate professionals and the public sector.
CoreLogic said the combination of MSB and Dataquick expands its footprint in the property and casualty insurance sector and adds scale to its existing property data and analytics business.
The transaction is expected to close during the third quarter of this year and is subject to customary closing conditions and regulatory clearance, CoreLogic said.
The acquisition is expected to be accretive to 2013 financial results excluding one-time reductions in acquired deferred revenue and other purchase accounting adjustments, the company said.
— SDBJ Staff Report