Cotality
| Company type | Private |
|---|---|
| Industry | Financial services, Business intelligence, Data services |
| Founded | September 1991 |
| Headquarters | Irvine , United States |
| Products | Financial, property, and consumer data services; analytics; business intelligence solutions |
| Revenue | $1.6 billion (2020) |
| Website | www |
Cotality—previously known as CoreLogic Inc.—is a privately held firm headquartered in Irvine, California, specializing in financial, property, and consumer data services, along with analytics and business intelligence solutions. The company delivers tailored data products by leveraging vast information resources. It conducts proprietary research and tracks developments across sectors such as consumer credit, global markets, real estate, fraud prevention, regulatory adherence, natural hazard assessment, and disaster forecasting.
In 2020, Cotality generated $1.6 billion in annual revenue and was listed among the Fortune 1000 companies by 2021. Its expertise in financial services supports multiple industries by providing actionable insights through sophisticated analytics and data intelligence platforms.
History
The origins of Cotality date back 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, TRW Information Systems & Services separated from its parent company and was renamed Experian. A year later, The First American Corporation acquired a controlling interest in Experian's real estate information segment, establishing FARES LLC and operating under the name First American Real Estate Solutions (RES).
In the same year, Kraig Clark and Steve Schroeder launched C&S Marketing in Sacramento, California, focusing on fraud prevention and collateral risk management for mortgage lenders; this entity was subsequently renamed CoreLogic Systems.
First American RES broadened its scope in October 2003 by purchasing Transamerica's property information division. In March 2007, First American RES merged with CoreLogic Systems within FARES LLC to operate as First American CoreLogic.
CoreLogic became an independent company in June 2010 following the division of The First American Corporation into two separate entities: CoreLogic, Inc. and First American Corporation.
In January 2011, CoreLogic expanded its footprint in Australia and New Zealand through the acquisition of Australia-RP Data for $194 million. That March, it acquired Dorado Network Systems Corp., a cloud software developer serving financial services.
CoreLogic divested its India operations to Cognizant in July 2011 for $50 million while entering into a five-year services contract valued at $324 million.
In January 2013, CoreLogic purchased CDS Business Mapping to incorporate geospatial hazard analytics into its Spatial Solutions division. April of the same year saw the acquisition of Case-Shiller, renowned for its influential home price index.
December 2013 involved acquiring catastrophe modeling firm Eqecat and merging CoreLogic NZ with Terralink International.
March 2014 marked a significant expansion with the acquisitions of Marshall & Swift/Boeckh (provider of building cost data), DataQuick Information Systems (property data and analytics), and DataQuick Lending Solutions’ credit and flood services—all obtained from TPG Capital’s Decision Insight Information Group.
Weather risk management capabilities were enhanced in June 2014 through the acquisition of Weather Fusion (formerly livehailmap.com).
In August 2015, CoreLogic purchased LandSafe Appraisal Services from Bank of America for $122 million. Two months later, it acquired Cordell, an Australian construction data company formerly part of RELX.
The end of 2015 included acquiring FNC, Inc., a real estate appraisal services provider, for $475 million. In January 2016, CoreLogic secured full ownership of RELS, LLC from Wells Fargo.
Following the passing of CEO Nallathambi in March 2017, Frank Martell was appointed as President and CEO.
In April 2018, CoreLogic acquired a la mode technologies, LLC—a real estate appraisal software firm—for $120 million. The following month introduced a fire and water risk solution unrelated to meteorological events.
December 2018 featured the purchase of Symbility Solutions Inc., a Calgary-based claims processing software company.
In June 2020, Cannae Holdings and Senator Investment Group launched an unsolicited takeover attempt; CoreLogic responded by evaluating the offer while simultaneously raising its quarterly earnings guidance. Cannae and Senator secured financing commitments and called for a special shareholder meeting.
In June 2021, Stone Point Capital and Insight Partners completed their acquisition of CoreLogic. Subsequently, in September 2021, the company acquired Next Gear Solutions, LLC—a provider of digital workflow platforms.
By March 2025, CoreLogic underwent rebranding to become Cotality.
See also
External links
- Financial services firms in California
- Business intelligence firms
- Companies located in Irvine, California
- American enterprises founded in 1991
- Financial services firms founded in 1991
- 1991 California establishments
- Companies previously listed on the New York Stock Exchange
- Corporate spin-offs
- Data brokerage firms
- Mergers and acquisitions of 2021
- Private equity-owned companies
- American companies established in 1991