CoreLogic

CoreLogic dates back to September 1991, when TRW Real Estate Information Services entered into a partnership with three real estate information service units from Elsevier, the Dutch Publishing company now known as Reed Elsevier.{{cite web |url=https://www.latimes.com/archives/la-xpm-1991-09-04-fi-1687-story.html |title=TRW, Elsevier Merge Real Estate Information Operations : Information: Joint venture will be headquartered in Riverside. Companies cite high costs of developing new business. |work=Los Angeles Times |date=1991-09-04 |access-date=2015-04-09 |archive-date=2015-05-18 |archive-url=https://web.archive.org/web/20150518135440/http://articles.latimes.com/1991-09-04/business/fi-1687_1_estate-information |url-status=live }}

In September 1996, the group, then known as TRW Information Systems & Services, split away from its parent company and was renamed Experian.{{cite web |url=https://www.latimes.com/archives/la-xpm-1996-09-22-fi-46515-story.html |title=Leading the Way at a Company Called Experian |work=Los Angeles Times |date=1996-09-22 |access-date=2015-03-28 |archive-date=2015-05-18 |archive-url=https://web.archive.org/web/20150518135444/http://articles.latimes.com/1996-09-22/business/fi-46515_1_credit-reporting-industry |url-status=live }}

In September 1997, majority ownership of Experian's real estate information business was acquired by The First American Corporation, in a partnership with Experian.{{cite web |url=https://www.latimes.com/archives/la-xpm-1997-sep-11-fi-31011-story.html |title=First American and Experian in Venture |work=Los Angeles Times |date=1997-09-11 |access-date=2015-05-09 |archive-date=2015-05-18 |archive-url=https://web.archive.org/web/20150518135447/http://articles.latimes.com/1997/sep/11/business/fi-31011 |url-status=live }} The partnership was called FARES LLC and the new entity began operating under the name First American Real Estate Solutions (RES).{{cite web |url=http://www.inman.com/2007/02/05/first-american-res-corelogic-in-merger/ |title=First American RES, CoreLogic in merger |publisher=inman.com |date=2007-02-05 |accessdate=2015-05-09 |archive-date=2015-05-18 |archive-url=https://web.archive.org/web/20150518074436/http://www.inman.com/2007/02/05/first-american-res-corelogic-in-merger/ |url-status=live }}

Also in 1997, Kraig Clark and Steve Schroeder co-founded C&S Marketing in Sacramento, CA.{{cite web |url=http://www.bizjournals.com/sacramento/print-edition/2013/10/18/corelogic-vets-auqeo-tech-support-vets.html?page=all |title=CoreLogic vets' new firm, Auqeo, provides sales support for tech startups |publisher=bizjournals.com |date=2013-10-18 |accessdate=2015-05-09 |archive-date=2015-05-18 |archive-url=https://web.archive.org/web/20150518120521/http://www.bizjournals.com/sacramento/print-edition/2013/10/18/corelogic-vets-auqeo-tech-support-vets.html?page=all |url-status=live }} Created to provide fraud prevention and collateral risk management solutions to the mortgage banking industry, the company was later renamed as CoreLogic Systems.

In October 2003, First American RES acquired Transamerica's property information business, combining its real estate information and analytics businesses.{{cite web |url=http://www.bizjournals.com/dallas/stories/2003/09/29/daily41.html |title=First American buys Transamerica units for $375M |publisher=bizjournals.com |date=2003-10-02 |accessdate=2015-05-09 |archive-date=2015-05-18 |archive-url=https://web.archive.org/web/20150518120512/http://www.bizjournals.com/dallas/stories/2003/09/29/daily41.html |url-status=live }}

In March 2007, First American Corporation merged its First American RES subsidiary with CoreLogic Systems, under the FARES LLC subsidiary.{{cite web|url=https://www.questia.com/read/1G1-161610912 |title=First American RES Merges with CoreLogic |publisher= |date=2007-03-01 |accessdate=}}{{dl|date=July 2021}} The division began operating under the name First American CoreLogic.{{cite web |url=http://www.bizjournals.com/sacramento/stories/2010/05/24/story10.html?page=all |title=Title company First American to spin off CoreLogic in June |publisher=bizjournals.com |date=2010-05-20 |accessdate=2015-05-09 |archive-date=2015-05-18 |archive-url=https://web.archive.org/web/20150518120516/http://www.bizjournals.com/sacramento/stories/2010/05/24/story10.html?page=all |url-status=live }}

In June 2010, CoreLogic, Inc. was established as a standalone business when The First American Corporation split its businesses to create two separate legal entities, CoreLogic, Inc and First American Corporation which provides title and financial services.{{cite web |url=http://www.housingwire.com/articles/first-american-completes-corelogic-spin |title=First American Completes CoreLogic Spin-Off |publisher=housingwire.com |date=2010-06-01 |accessdate=2015-05-09 |archive-date=2015-05-18 |archive-url=https://web.archive.org/web/20150518070041/http://www.housingwire.com/articles/first-american-completes-corelogic-spin |url-status=live }}

In January 2011, the company acquired Australia-RP Data, a provider of residential and commercial property information in Australia and New Zealand, for $194 million.{{cite web|url=http://www.theaustralian.com.au/business/corelogic-snaps-up-rp-data-for-1940m/story-e6frgak6-1225986215839 |title=CoreLogic snaps up property information provider RP Data for $194m |publisher=theaustralian.com.au |date=2011-01-12 |accessdate=2016-09-28}}

In March 2011, CoreLogic acquired Dorado Network Systems Corp, a San Mateo-CA based cloud application and architecture development company servicing the financial services industry.{{cite web |url=http://www.bizjournals.com/sanjose/news/2011/03/15/corelogic-buys-dorado-for-32m.html |title=CoreLogic buys Dorado for $32M |publisher=bizjournals.com |date=2011-05-15 |accessdate=2015-05-09 |archive-date=2011-08-18 |archive-url=https://web.archive.org/web/20110818003849/http://www.bizjournals.com/sanjose/news/2011/03/15/corelogic-buys-dorado-for-32m.html |url-status=live }}

In July 2011, the company sold its CoreLogic India operations to Cognizant, for $50 million. As part of the transaction, the companies also announced a five year, $324 million services agreement.{{cite web |url=http://www.infoworld.com/article/2622485/m-a/cognizant-acquires-corelogic-s-india-services-operations.html |title=Cognizant acquires CoreLogic's India services operations |publisher=infoworld.com |date=2011-07-26 |accessdate=2016-09-28 |archive-date=2016-10-01 |archive-url=https://web.archive.org/web/20161001211634/http://www.infoworld.com/article/2622485/m-a/cognizant-acquires-corelogic-s-india-services-operations.html |url-status=live }}

In January 2013 CoreLogic bought Middletown, CT-based CDS Business mapping, a provider of geospatial hazard reports including distance to coast, flood zones, rating territories, proximity to brush, wind pull eligibility and earthquake information. CoreLogic reported it would integrate the business into its existing Spatial Solutions business.{{cite web |url=http://www.insurancejournal.com/news/east/2013/01/23/278439.htm |title=CoreLogic Buys CDS Business Mapping in Connecticut |publisher=insurancejournal.com |date=2013-01-23 |accessdate=2015-05-13 |archive-date=2016-03-04 |archive-url=https://web.archive.org/web/20160304093459/http://www.insurancejournal.com/news/east/2013/01/23/278439.htm |url-status=live }}

In April 2013, CoreLogic bought Case-Schiller, the producers of the Case-Shiller home price index, known as one of the most important measures of the health of the housing market.{{cite web |url=https://blogs.wsj.com/developments/2013/04/26/housing-data-dance-corelogic-buys-case-shiller/ |title=Housing Data Dance: CoreLogic Buys Case-Shiller |publisher=WSJ.com |date=2013-04-26 |accessdate=2015-05-22 |archive-date=2015-07-03 |archive-url=https://web.archive.org/web/20150703110453/http://blogs.wsj.com/developments/2013/04/26/housing-data-dance-corelogic-buys-case-shiller/ |url-status=live }}

In December 2013, CoreLogic acquired catastrophic modeling firm Eqecat from Texas-based ABS Group.{{cite web |url=http://www.insurancejournal.com/news/national/2013/12/29/315600.htm |title=CoreLogic Acquires Catastrophe Modeling Firm Eqecat |publisher=insurancejournal.com |date=2013-12-29 |accessdate=2015-05-13 |archive-date=2015-01-23 |archive-url=https://web.archive.org/web/20150123234643/http://www.insurancejournal.com/news/national/2013/12/29/315600.htm |url-status=live }}

In December 2013, CoreLogic subsidiary Property IQ is given permission by the NZ Commerce Commission to acquire Terralink International, merging both into CoreLogic NZ.

In March 2014, CoreLogic acquired Marshall & Swift/Boeckh, a Milwaukee, WI-based provider of building cost information, residential and commercial analytics and business management services, San Diego, CA-based DataQuick Information Systems, a property data and analytics information company, and the credit and flood services operations of DataQuick Lending Solutions. The three acquired units were part of TPG Capital's Decision Insight Information Group.{{cite web |url=http://www.insurancejournal.com/news/west/2014/03/25/324408.htm |title=CoreLogic in California Acquires Marshall & Swift/Boeckh and DataQuick |publisher=insurancejournal.com |date=2013-12-29 |accessdate=2015-05-13 |archive-date=2015-05-02 |archive-url=https://web.archive.org/web/20150502221422/http://www.insurancejournal.com/news/west/2014/03/25/324408.htm |url-status=live }}

In June 2014, CoreLogic expanded its hail, wind and lightning weather risk-management capabilities by acquiring Weather Fusion,{{cite web |url=http://geospatial-solutions.com/corelogic-expands-insurance-offerings-with-hail-wind-and-lightning-weather-forensics/ |title=CoreLogic Expands Insurance Offerings with Hail, Wind and Lightning Weather Forensics |publisher=geospatial-solutions.com |date=2014-06-05 |accessdate=2015-05-13 |archive-date=2015-04-26 |archive-url=https://web.archive.org/web/20150426030613/http://geospatial-solutions.com/corelogic-expands-insurance-offerings-with-hail-wind-and-lightning-weather-forensics/ |url-status=live }} formerly known as livehailmap.com.{{cite web |url=http://www.claimsjournal.com/news/national/2013/02/07/222609.htm |title=LiveHailMap.com is Now Weather Fusion |publisher=claimsjournal.com |date=2013-02-07 |accessdate=2015-05-13 |archive-date=2017-03-13 |archive-url=https://web.archive.org/web/20170313213917/http://www.claimsjournal.com/news/national/2013/02/07/222609.htm |url-status=live }}

In August 2015, the company purchased LandSafe Appraisal Services, an appraisal management company, from Bank of America for $122 million.{{cite web |url=http://www.housingwire.com/articles/35953-corelogic-buys-rels-from-wells-fargo |title=CoreLogic buys rest of RELS from Wells Fargo |publisher=housingwire.com |date=2016-01-05 |accessdate=2016-07-18 |archive-date=2016-07-26 |archive-url=https://web.archive.org/web/20160726003542/http://www.housingwire.com/articles/35953-corelogic-buys-rels-from-wells-fargo |url-status=live }}

In October 2015, CoreLogic acquired Australian construction data business Cordell from Europe media group RELX, formerly known as Reed Elsevier.{{cite web |url=https://www.reuters.com/article/relx-disposal-idUSL5N1230FO20151005 |title=RELX agrees to sell Australian construction data unit-source |publisher=reuters.com |date=2015-10-05 |accessdate=2016-09-28 |archive-date=2016-10-02 |archive-url=https://web.archive.org/web/20161002100552/http://www.reuters.com/article/relx-disposal-idUSL5N1230FO20151005 |url-status=live }}

In December 2015, the company acquired FNC, Inc., another provider of real estate appraisal services, for $475 million.

In January 2016, CoreLogic announced it was paying $65M to acquire total ownership of RELS, LLC, a provider of property valuation and appraisal services it owned in partnership with Wells Fargo.

In March 2017, its CEO Nallathambi died shortly after taking medical leave from the company.{{cite web |url=http://www.ocregister.com/articles/corelogic-745582-nallathambi-company.html |title=CoreLogic CEO Nallathambi, on medical leave, has died |publisher=ocregister.com |date=2017-03-03 |accessdate=2017-03-10 |archive-date=2017-03-12 |archive-url=https://web.archive.org/web/20170312050642/http://www.ocregister.com/articles/corelogic-745582-nallathambi-company.html |url-status=live }} Shortly thereafter, the company announced Frank Martell as its new President and CEO.{{cite web |url=http://www.ocbj.com/news/2017/mar/06/corelogic-names-martell-new-ceo/ |title=CoreLogic Names Martell CEO |publisher=ocbj.com |date=2017-03-06 |accessdate=2017-03-10 |archive-date=2017-03-12 |archive-url=https://web.archive.org/web/20170312095152/http://www.ocbj.com/news/2017/mar/06/corelogic-names-martell-new-ceo/ |url-status=live }}

In April 2018, CoreLogic acquired "a la mode technologies, LLC", a real estate appraisal software company, for $120 million.{{Citation needed|date=September 2024}}

In May 2018, CoreLogic launched a non-weather-related fire and water risk solution.{{Cite web|url=http://dsnews.com/headline/05-25-2018/corelogic-launches-first-non-weather-related-risk-solution|title=CoreLogic Launches First Non-Weather-Related Risk Solution - DSNews|last=Ojha|first=Radhika|website=dsnews.com|date=25 May 2018|language=en-US|access-date=2018-06-20|archive-date=2018-06-20|archive-url=https://web.archive.org/web/20180620101324/http://dsnews.com/headline/05-25-2018/corelogic-launches-first-non-weather-related-risk-solution|url-status=live}}

In December 2018 CoreLogic purchased Symbility Solutions, Inc., a vendor of claims processing and estimating software based in Calgary, Alberta, Canada.{{cite news | title=Calgary claims vendor now owned by CoreLogic | author=Meckbach, Greg | date=December 19, 2018 | url=https://www.canadianunderwriter.ca/claims/calgary-claims-vendor-now-owned-by-corelogic-1004150025/ | work=Canadian Underwriter | access-date=December 2, 2020 | archive-date=March 4, 2021 | archive-url=https://web.archive.org/web/20210304161138/https://www.canadianunderwriter.ca/claims/calgary-claims-vendor-now-owned-by-corelogic-1004150025/ | url-status=live }}

In June 2020, Cannae Holdings and Senator Investment Group launched a hostile takeover of CoreLogic. In response to CoreLogic raising quarterly guidance five days before the end of Q2 and following up on "nine months performing extensive 'outside-in' due diligence", Cannae Holdings and Senaro Investment Group submitted their proposal to acquire CoreLogic. CoreLogic replied on June 26 that, despite not having previous knowledge of the offer, they will "carefully review the proposal" and "determine the course of action it believes is in the best interests of the Company and its shareholders" and insisting that "shareholders need take no action at this time".{{Cite web|url=https://picante.today/latest-news/2020/06/26/154302/corelogic-confirms-receipt-of-unsolicited-acquisition-proposal-from-cannae-holdings-and-senator-investment-group/|title=CoreLogic Confirms Receipt of Unsolicited Acquisition Proposal from Cannae Holdings and Senator Investment Group|website=picante.today|date=26 June 2020|language=en-US|access-date=2020-07-01|archive-date=2020-07-03|archive-url=https://web.archive.org/web/20200703093710/https://picante.today/latest-news/2020/06/26/154302/corelogic-confirms-receipt-of-unsolicited-acquisition-proposal-from-cannae-holdings-and-senator-investment-group/|url-status=live}} Cannae and Senator Investment secured financing with Bank of America and announced in a regulatory filling, on June 30, they own enough of CoreLogic to call for a special meeting.{{Cite web|url=https://finance.yahoo.com/news/cannae-senator-call-special-meeting-142322194.html|title=Cannae, Senator can call special meeting at CoreLogic, financing set|website=Yahoo Finance|date=30 June 2020|language=en-US|access-date=2020-07-01|archive-date=2020-07-02|archive-url=https://web.archive.org/web/20200702002437/https://finance.yahoo.com/news/cannae-senator-call-special-meeting-142322194.html|url-status=live}}

In June 2021, the company was acquired by Stone Point Capital and Insight Partners.

In September 2021, CoreLogic acquired Next Gear Solutions, LLC.{{Cite news |last=Adriano |first=Lyle |date=16 September 2021 |title=CoreLogic closes acquisition of digital workflow platform provider Next Gear Solutions |work=Insurance Business America |url=https://www.insurancebusinessmag.com/us/news/technology/corelogic-closes-acquisition-of-digital-workflow-platform-provider-next-gear-solutions-310284.aspx |access-date=15 December 2022 |archive-date=15 December 2022 |archive-url=https://web.archive.org/web/20221215211724/https://www.insurancebusinessmag.com/us/news/technology/corelogic-closes-acquisition-of-digital-workflow-platform-provider-next-gear-solutions-310284.aspx |url-status=live }}

• Black Knight (Company)
• Real estate appraisal
• Information broker

{{Reflist|30em}}

• [https://www.corelogic.com/ CoreLogic USA (Headquarters)]
• [https://www.corelogic.com.au/ CoreLogic Australia]
• [https://www.corelogic.co.nz/ CoreLogic New Zealand]

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Category:Financial services companies based in California

Category:Business intelligence companies

Category:Companies based in Irvine, California

Category:American companies established in 1991

Category:Financial services companies established in 1991

Category:1991 establishments in California

Category:Companies formerly listed on the New York Stock Exchange

Category:Corporate spin-offs

Category:Data brokers

Category:2021 mergers and acquisitions

Category:Private equity portfolio companies