First American Financial (FAF) to Acquire RedVision
- Stocks dip as earnings pour in, consumer discretionary lags
- UPDATE: Alphabet (GOOG) Tops Q3 EPS Views; Revs Strong
- Twitter (TWTR) Tops Q3 EPS by 4c; Announces Restructuring, Workforce Reduction
- Cirrus Logic, Inc. (CRUS) Q2 Results and Guidance Beat Estimates
- Amazon.com (AMZN) Misses Q3 EPS by 26c, Offers Q4 Guidance
Find out which companies are about to raise their dividend well before the news hits the Street with StreetInsider.com's Dividend Insider Elite. Sign-up for a 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 StreetInsider.com Premium Free!
You May Also Be Interested In
- XPO Logistics (XPO) Announces $558M Divestiture of American Truckload Operation to TransForce
- Sotheby's (BID) Announces Acquisition of The Mei Moses Art Indices
- SS&C Technologies Reports Q3 2016 Results
Create E-mail Alert Related CategoriesCorporate News, Management Comments, Mergers and Acquisitions
Related EntitiesDefinitive Agreement
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!