CoreLogic Buys CDS Business Mapping for $78M
CoreLogic^® (NYSE: CLGX), a leading residential property information, analytics and services provider, today announced the acquisition of CDS Business Mapping, LLC (CDS). CDS, based in Middletown, Conn., delivers critical underwriting information to over 700 insurance carriers, agents and brokers nationwide through real-time reports that identify property-specific geographic hazards including distance to coast, flood zones, rating territories, proximity to brush, wind pool eligibility and earthquake information. The acquisition is expected to further enhance CoreLogic's position as a leading supplier of geo-spatial property data and analytics to the property & casualty insurance (P&C), real estate, telecommunications, public utility, oil and gas industries as well as government agencies.
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