Industry News

First American expands MLS technology

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The First American Corp. has extended its reach in the multiple listing service technology market with the acquisition of Offutt Systems, a privately held MLS technology provider based in Greensboro, N.C. Terms of the transaction, which closed on Aug. 1, were not disclosed. OSI will be operated through First American MLS Solutions Inc., a division of First American Residential Group and provider of MLS technology and support services to real estate professionals in North America. First American said it will continue to run OSI operations under the direction of its current management team from the company's main office in Greensboro, N.C. Established in 1971, OSI today offers services to more than 60 MLS organizations and about 80,000 users across the country. Its core product is called InnoVia. The addition of OSI increases the total number of real estate professionals now served by First American MLS technology to just over 600,000. "This acquisition extends our reach into a market...