CoreLogic, a popular property analytics and data services provider, announced Thursday that it is acquiring a la mode technologies.
The tech company, which creates web and app software used by over 40,000 real estate professionals, announced that it had been acquired by CoreLogic on Twitter on Thursday.
“a la mode is now part of CoreLogic,” the tweet reads. “[…] Thank you for being part of this journey.”
Based in California, CoreLogic provides data on property forecasts, mortgages and consumer credit and more while the Oklahoma City-based a la mode is the largest provider of appraisal form-filling and workflow software, according to the latter company.
“The acquisition of a la mode is an important next step in the development and scaling of our end-to-end valuation solutions workflow suite which includes data and market insights, analytics as well as data-enabled services and platforms,” said Frank Martell, CoreLogic president and CEO, in a statement.
According to a la mode, the companies will continue to develop and offer various property appraisal products that benefit its customers, including a new grid data sharing service called SmartExchange and a cloud-based form sharing service Titan Reports.
“I’m sure you may be wondering what is going to change,” Jay Shafer, a la mode CEO, said in a statement. “Rest assured, there are no immediate planned changes to your products or services because of this acquisition.”
The latest acquisition continues CoreLogic’s recent expansions into the technology realm. Since 2015, CoreLogic bought property valuation tech company Mercury Network, appraisal company LandSafe, and FNC, a real estate information technology provider.
While CoreLogic said that it expects the acquisition of a la mode to help its 2018 revenue, it declined to reveal the details of the sale.
Correction: This article incorrectly stated that CoreLogic was based in Oklahoma, when in fact, a la mode is based out out of the state. The article also had wording that did not reflect a la mode’s current product offerings. We have since updated the story and regret the errors.
