Technology

Fidelity National Financial, Inc. to acquire Commissions, Inc.

Financial terms of the deal were not disclosed

Fidelity National Financial, Inc. announced today that FNF Group has signed a definitive agreement to acquire Commissions Inc. (CINC). According to the company announcement, Commissions Inc. is "the fastest-growing provider of an end-to-end SaaS CRM, lead generation and lead management software platform" for agents and teams. CINC has more than 1,500 customers who collectively have closed more than 170,000 residential real estate transactions over the last twelve months, according to the announcement. "We are excited to partner with CINC to bring value-added technology and services to our Realtor customers," said FNF Chairman, William P. Foley, II, in the statement. "We plan to leverage FNF's title sales force to proactively cross-sell the CINC product suite to our leading customers. Duane LeGate, CEO of CINC, said "Joining FNF is a huge win ... our clients get fresher, richer data with more access to actionable home buyers and sellers.” The value of the transaction wa...