CoreLogic
| Company type | Private |
|---|---|
| Industry | Financial services, Data analytics, Business intelligence |
| Founded | September 1991 |
| Headquarters | Irvine , United States |
Area served | Global |
Key people | Patrick Dodd (President and CEO) |
| Products | Financial, property, and consumer data; analytics; business intelligence solutions |
| Owner | Stone Point Capital and Insight Partners |
Number of employees | 5,100 (2020) |
| Website | www |
CoreLogic, Inc. is a premier provider headquartered in Irvine, California, specializing in financial, property, and consumer data, analytics, and business intelligence solutions. Utilizing extensive data resources, the company offers tailored analytics and services that assist clients across industries including consumer credit, real estate, fraud prevention, regulatory adherence, and natural hazard risk evaluation. CoreLogic produces proprietary research while monitoring both historical and current market trends within these domains.
In 2020, the company generated $1.6 billion in revenue and was listed among the Fortune 1000 companies by 2021. Its suite of products features sophisticated analytics and data-driven solutions aimed at improving decision-making processes for financial institutions, real estate professionals, and government entities. CoreLogic’s global operations are coordinated from its Irvine headquarters, supported by a team of roughly 5,100 employees.
Owned by Stone Point Capital and Insight Partners, CoreLogic’s strategy emphasizes the fusion of data intelligence with technological innovation to sustain a competitive edge in the financial services sector. Leadership under President and CEO Patrick Dodd guides the company’s strategic direction toward ongoing growth and enhanced market presence.
History
CoreLogic’s foundation dates to September 1991 when TRW Real Estate Information Services combined forces with three real estate information divisions from Elsevier (now Reed Elsevier). By September 1996, this collective entity—then known as TRW Information Systems & Services—divested from its parent company and adopted the name Experian.
In September 1997, The First American Corporation obtained majority control of Experian’s real estate information segment through a partnership with Experian itself, creating FARES LLC and operating under the name First American Real Estate Solutions (RES). That same year saw Kraig Clark and Steve Schroeder establish C&S Marketing in Sacramento, California, focusing on fraud mitigation and collateral risk management for mortgage banking; this company evolved into CoreLogic Systems.
October 2003 marked First American RES’s acquisition of Transamerica’s property information business, further consolidating its real estate data and analytics offerings. By March 2007, First American RES merged with CoreLogic Systems under FARES LLC to operate as First American CoreLogic.
CoreLogic emerged as an independent company in June 2010 following The First American Corporation’s division into two separate entities: CoreLogic, Inc., and First American Corporation (which concentrated on title and financial services).
The company pursued international expansion through several key acquisitions: in January 2011, it purchased Australia-RP Data for $194 million to bolster its footprint in Australia and New Zealand. That March it acquired Dorado Network Systems Corp., a cloud application developer serving financial services. In July 2011, CoreLogic divested its India operations to Cognizant for $50 million while securing a five-year service agreement valued at $324 million.
Additional growth initiatives included acquiring CDS Business Mapping in January 2013 to improve geospatial hazard analytics integrated within Spatial Solutions. In April 2013, CoreLogic took ownership of Case-Shiller, renowned for its influential home price index. Later that year it acquired catastrophe modeling firm Eqecat and merged New Zealand’s Property IQ with Terralink International.
March 2014 witnessed multiple acquisitions: Milwaukee-based Marshall & Swift/Boeckh (specializing in building cost data and analytics), San Diego-based DataQuick Information Systems (property data), and DataQuick Lending Solutions’ credit and flood services—all part of TPG Capital’s Decision Insight Information Group. In June 2014, CoreLogic enhanced its weather risk management capabilities by acquiring Weather Fusion (formerly livehailmap.com).
In August 2015, CoreLogic acquired LandSafe Appraisal Services from Bank of America for $122 million. October 2015 saw the purchase of Australian construction data provider Cordell from RELX (formerly Reed Elsevier). December 2015 included acquiring FNC, Inc., a real estate appraisal services firm, for $475 million. In January 2016, CoreLogic secured complete ownership of RELS, LLC from its Wells Fargo partnership for $65 million.
Following the death of CEO Nallathambi in March 2017, Frank Martell was appointed President and CEO soon afterward. April 2018 featured the acquisition of a la mode technologies, LLC—a real estate appraisal software company—for $120 million. May 2018 introduced CoreLogic’s inaugural fire and water risk solution unrelated to weather events.
December 2018 brought the addition of Symbility Solutions Inc., a Calgary-based claims processing software provider.
In June 2020, Cannae Holdings alongside Senator Investment Group initiated an unsolicited takeover bid for CoreLogic after the company raised its quarterly guidance. Despite having secured financing through Bank of America for this offer, CoreLogic indicated it would thoroughly evaluate the proposal to ensure actions aligned with shareholders’ best interests.
In June 2021, Stone Point Capital and Insight Partners completed their acquisition of CoreLogic. Subsequently, in September 2021, the company expanded further by acquiring Next Gear Solutions, LLC.
See also
External links
- Financial services firms located in California
- Business intelligence enterprises
- Companies headquartered in Irvine, California
- American corporations founded in 1991
- Financial services firms established in 1991
- 1991 establishments in California
- Companies previously traded on the New York Stock Exchange
- Corporate spin-offs
- Data brokerage firms
- Mergers and acquisitions in 2021
- Private equity portfolio companies
- American companies established in 1991
- Companies of the United States by year of establishment