First American Financial (FAF) to Acquire RedVision

September 6, 2016 11:02 AM EDT

Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.

First American Financial Corporation (NYSE: FAF) today announced the signing of an agreement to acquire RedVision Systems, Inc., the largest independent national provider of title and real property research. RedVision, which is based in New Jersey, offers title evidence solutions, including data, technology and managed services focused on the procurement and processing of title information. The company is recognized throughout the industry for its proprietary technology, which includes its production platform, TitleVision2, and Nova®, which offers a customizable and scalable solution for title research and production.

"We’re excited to soon welcome RedVision to the First American family of companies. RedVision’s data, technology and services complement First American’s existing title search and title evidence production and will further expand First American’s industry-leading position in title and property data," said George Livermore, executive vice president of First American’s Data and Mortgage Solutions division, which will include RedVision. “RedVision’s nationwide title production platform, coupled with First American’s title and property data, and billions of recorded documents, will offer our customers unmatched quality, coverage and operational flexibility.”

The acquisition will allow First American’s Data Trace group to leverage RedVision data to quickly and efficiently build additional title plants.

RedVision, which will become part of First American’s Data and Mortgage Solutions division, will operate as a business unit under its brand and its management team, with CEO Brian Twibell continuing to lead the business.

"We’re delighted with the opportunity to combine our technology, services and expertise with those of First American, a company known for its integrity, innovation and leadership in the title and settlement services industry. RedVision’s platform, now powered by industry-leading title and property data, will offer title evidence and packaged title reports with enhanced quality, accuracy and efficiency,” said Twibell. “Our employees will also benefit by being part of a company recognized in 2016 by Fortune® magazine as one of the 100 best companies to work for in America.”

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Corporate News, Management Comments, Mergers and Acquisitions

Related Entities

Definitive Agreement

Add Your Comment