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Cotality

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Last update: 5 April, 2025 (March 2025)
American business data company
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Cotality
Cotality's Irvine CA headquarters
Company typePrivate
IndustryFinancial services
FoundedCalifornia, USA (2010)
Headquarters
Key people
Patrick Dodd, President and CEO
ProductsFinancial, property and consumer information, analytics and business intelligence
Revenue
  • Decrease US1ドル.762 billion (2019)[1]
  • Decrease US1ドル.788 billion (2018)[1]
  • Decrease US165ドル.54 million (2019)[1]
  • Decrease US222ドル.62 million (2018)[1]
  • Decrease US49ドル.38 million (2019)[1]
  • Decrease US121ドル.86 million (2018)[1]
Total assets
  • Decrease US4ドル.159 billion (2019)[1]
  • Increase US4ドル.169 billion (2018)[1]
Total equity
  • Decrease US0ドル.951 billion (2019)[1]
  • Decrease US1ドル.000 billion (2018)[1]
Owner
Number of employees
5,100 (2019)[1]
Websitecotality.com

Cotality (CoreLogic Inc., doing business as Cotality) is an Irvine, CA-based information services provider of financial, property, and consumer information, analytics, and business intelligence. The company analyzes information assets and data to provide clients with analytics and customized data services. The company also develops proprietary research, and tracks current and historical trends in a number of categories, including consumer credit, international markets, real estate, fraud, regulatory compliance, natural hazards, and disaster projections.[2] [3] [4] [5] [6] The company reported a full 2020 revenue of 1ドル.6 billion.[7] As of 2021, CoreLogic is a Fortune 1000 company.[8]

History

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Cotality 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.[9]

In September 1996, the group, then known as TRW Information Systems & Services, split away from its parent company and was renamed Experian.[10]

In September 1997, majority ownership of Experian's real estate information business was acquired by The First American Corporation, in a partnership with Experian.[11] The partnership was called FARES LLC and the new entity began operating under the name First American Real Estate Solutions (RES).[12]

Also in 1997, Kraig Clark and Steve Schroeder co-founded C&S Marketing in Sacramento, CA.[13] 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.[14]

In March 2007, First American Corporation merged its First American RES subsidiary with CoreLogic Systems, under the FARES LLC subsidiary.[15] The division began operating under the name First American CoreLogic.[16]

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.[17]

In January 2011, the company acquired Australia-RP Data, a provider of residential and commercial property information in Australia and New Zealand, for 194ドル million.[18]

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.[19]

In July 2011, the company sold its CoreLogic India operations to Cognizant, for 50ドル million. As part of the transaction, the companies also announced a five year, 324ドル million services agreement.[20]

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.[21]

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.[22]

In December 2013, CoreLogic acquired catastrophic modeling firm Eqecat from Texas-based ABS Group.[23]

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.[24]

In June 2014, CoreLogic expanded its hail, wind and lightning weather risk-management capabilities by acquiring Weather Fusion,[25] formerly known as livehailmap.com.[26]

In August 2015, the company purchased LandSafe Appraisal Services, an appraisal management company, from Bank of America for 122ドル million.[27]

In October 2015, CoreLogic acquired Australian construction data business Cordell from Europe media group RELX, formerly known as Reed Elsevier.[28]

In December 2015, the company acquired FNC, Inc., another provider of real estate appraisal services, for 475ドル million.[27]

In January 2016, CoreLogic announced it was paying 65ドルM to acquire total ownership of RELS, LLC, a provider of property valuation and appraisal services it owned in partnership with Wells Fargo.[27]

In March 2017, its CEO Nallathambi died shortly after taking medical leave from the company.[29] Shortly thereafter, the company announced Frank Martell as its new President and CEO.[30]

In April 2018, CoreLogic acquired "a la mode technologies, LLC", a real estate appraisal software company, for 120ドル million.[citation needed ]

In May 2018, CoreLogic launched a non-weather-related fire and water risk solution.[31]

In December 2018 CoreLogic purchased Symbility Solutions, Inc., a vendor of claims processing and estimating software based in Calgary, Alberta, Canada.[32]

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".[33] 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.[34]

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

In September 2021, CoreLogic acquired Next Gear Solutions, LLC.[35]

In March 2025, CoreLogic rebranded to Cotality.[36]

See also

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References

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  1. ^ a b c d e f g h i j k "Corelogic, Inc. (CLGX) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, December 31, 2019". United States Securities and Exchange Commission. 2020年02月27日. Archived from the original on 2020年07月02日. Retrieved 2020年07月02日.
  2. ^ "CoreLogic Natural Hazard Risk Summary Covers 2014 Disasters". geospatial-solutions.com. 2015年01月02日. Archived from the original on 2015年04月26日. Retrieved 2015年05月07日.
  3. ^ "A Credit Score That Tracks You More Closely". The New York Times . 2011年12月02日. Archived from the original on 2015年05月18日. Retrieved 2015年05月07日.
  4. ^ "Mortgage Fraud Risk Increases 3.2%: CoreLogic". nationalmortgagenews.com. 2014年10月29日. Archived from the original on 2015年05月18日. Retrieved 2015年05月07日.
  5. ^ "Analytics service launches wind verification technology". ibamag.com. 2015年04月13日. Archived from the original on 2015年05月18日. Retrieved 2015年05月07日.
  6. ^ "Foreclosures Are Way Down From 2014—but Still Double Prerecession Rates". realtor.com. 2015年04月14日. Archived from the original on 2015年05月18日. Retrieved 2015年05月07日.
  7. ^ "CoreLogic® - Property Data Leader & Property Solutions" (PDF). Archived from the original on 2023年08月13日. Retrieved 2021年05月17日.
  8. ^ "CoreLogic | 2021 Fortune 500". Fortune. Archived from the original on 2021年08月06日. Retrieved 2021年08月06日.
  9. ^ "TRW, Elsevier Merge Real Estate Information Operations : Information: Joint venture will be headquartered in Riverside. Companies cite high costs of developing new business". Los Angeles Times. 1991年09月04日. Archived from the original on 2015年05月18日. Retrieved 2015年04月09日.
  10. ^ "Leading the Way at a Company Called Experian". Los Angeles Times. 1996年09月22日. Archived from the original on 2015年05月18日. Retrieved 2015年03月28日.
  11. ^ "First American and Experian in Venture". Los Angeles Times. 1997年09月11日. Archived from the original on 2015年05月18日. Retrieved 2015年05月09日.
  12. ^ "First American RES, CoreLogic in merger". inman.com. 2007年02月05日. Archived from the original on 2015年05月18日. Retrieved 2015年05月09日.
  13. ^ "CoreLogic vets' new firm, Auqeo, provides sales support for tech startups". bizjournals.com. 2013年10月18日. Archived from the original on 2015年05月18日. Retrieved 2015年05月09日.
  14. ^ "First American buys Transamerica units for 375ドルM". bizjournals.com. 2003年10月02日. Archived from the original on 2015年05月18日. Retrieved 2015年05月09日.
  15. ^ "First American RES Merges with CoreLogic". 2007年03月01日.[dead link ]
  16. ^ "Title company First American to spin off CoreLogic in June". bizjournals.com. 2010年05月20日. Archived from the original on 2015年05月18日. Retrieved 2015年05月09日.
  17. ^ "First American Completes CoreLogic Spin-Off". housingwire.com. 2010年06月01日. Archived from the original on 2015年05月18日. Retrieved 2015年05月09日.
  18. ^ "CoreLogic snaps up property information provider RP Data for 194ドルm". theaustralian.com.au. 2011年01月12日. Retrieved 2016年09月28日.
  19. ^ "CoreLogic buys Dorado for 32ドルM". bizjournals.com. 2011年05月15日. Archived from the original on 2011年08月18日. Retrieved 2015年05月09日.
  20. ^ "Cognizant acquires CoreLogic's India services operations". infoworld.com. 2011年07月26日. Archived from the original on 2016年10月01日. Retrieved 2016年09月28日.
  21. ^ "CoreLogic Buys CDS Business Mapping in Connecticut". insurancejournal.com. 2013年01月23日. Archived from the original on 2016年03月04日. Retrieved 2015年05月13日.
  22. ^ "Housing Data Dance: CoreLogic Buys Case-Shiller". WSJ.com. 2013年04月26日. Archived from the original on 2015年07月03日. Retrieved 2015年05月22日.
  23. ^ "CoreLogic Acquires Catastrophe Modeling Firm Eqecat". insurancejournal.com. 2013年12月29日. Archived from the original on 2015年01月23日. Retrieved 2015年05月13日.
  24. ^ "CoreLogic in California Acquires Marshall & Swift/Boeckh and DataQuick". insurancejournal.com. 2013年12月29日. Archived from the original on 2015年05月02日. Retrieved 2015年05月13日.
  25. ^ "CoreLogic Expands Insurance Offerings with Hail, Wind and Lightning Weather Forensics". geospatial-solutions.com. 2014年06月05日. Archived from the original on 2015年04月26日. Retrieved 2015年05月13日.
  26. ^ "LiveHailMap.com is Now Weather Fusion". claimsjournal.com. 2013年02月07日. Archived from the original on 2017年03月13日. Retrieved 2015年05月13日.
  27. ^ a b c "CoreLogic buys rest of RELS from Wells Fargo". housingwire.com. 2016年01月05日. Archived from the original on 2016年07月26日. Retrieved 2016年07月18日.
  28. ^ "RELX agrees to sell Australian construction data unit-source". reuters.com. 2015年10月05日. Archived from the original on 2016年10月02日. Retrieved 2016年09月28日.
  29. ^ "CoreLogic CEO Nallathambi, on medical leave, has died". ocregister.com. 2017年03月03日. Archived from the original on 2017年03月12日. Retrieved 2017年03月10日.
  30. ^ "CoreLogic Names Martell CEO". ocbj.com. 2017年03月06日. Archived from the original on 2017年03月12日. Retrieved 2017年03月10日.
  31. ^ Ojha, Radhika (25 May 2018). "CoreLogic Launches First Non-Weather-Related Risk Solution - DSNews". dsnews.com. Archived from the original on 2018年06月20日. Retrieved 2018年06月20日.
  32. ^ Meckbach, Greg (December 19, 2018). "Calgary claims vendor now owned by CoreLogic". Canadian Underwriter. Archived from the original on March 4, 2021. Retrieved December 2, 2020.
  33. ^ "CoreLogic Confirms Receipt of Unsolicited Acquisition Proposal from Cannae Holdings and Senator Investment Group". picante.today. 26 June 2020. Archived from the original on 2020年07月03日. Retrieved 2020年07月01日.
  34. ^ "Cannae, Senator can call special meeting at CoreLogic, financing set". Yahoo Finance. 30 June 2020. Archived from the original on 2020年07月02日. Retrieved 2020年07月01日.
  35. ^ Adriano, Lyle (16 September 2021). "CoreLogic closes acquisition of digital workflow platform provider Next Gear Solutions". Insurance Business America. Archived from the original on 15 December 2022. Retrieved 15 December 2022.
  36. ^ "CoreLogic overhauls branding and debuts new name, Cotality". Inman. Retrieved 2025年09月09日.
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