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Press Release for name change released 25th March |
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{{Outdated as of | year = 2025 | month = 03 | day = 25 | last updated = 5 April, 2025 | |topic= Rebranding}}
{{short description|American business data company}}
{{Advert|date=November 2021}}
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'''CoreLogic, Inc.''' is an [[Irvine, CA|Irvine
==History==
CoreLogic dates back to September 1991, when [[TRW Inc.|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]].<ref>{{cite web |url=https://
In September 1996, the group, then known as TRW Information Systems & Services, split away from its parent company and was renamed [[Experian]].<ref>{{cite web |url=https://
In September 1997, majority ownership of Experian's real estate information business was acquired by [[First American Corporation|The First American Corporation]], in a partnership with Experian.<ref>{{cite web |url=https://
Also in 1997, Kraig Clark and Steve Schroeder co-founded C&S Marketing in [[Sacramento, California|Sacramento, CA]].<ref>{{cite web |url=http://www.bizjournals.com/sacramento/print-edition/2013/10/18/corelogic-vets-auqeo-tech-support-vets.html?page=all |title=CoreLogic vets' new firm, Auqeo, provides sales support for tech startups |publisher=bizjournals.com |date=2013-10-18 |accessdate=2015-05-09 |archive-date=2015-05-18 |archive-url=https://web.archive.org/web/20150518120521/http://www.bizjournals.com/sacramento/print-edition/2013/10/18/corelogic-vets-auqeo-tech-support-vets.html?page=all |url-status=live }}</ref> Created to provide [[fraud prevention]] and collateral [[risk management]] solutions to the mortgage banking industry, the company was later renamed as CoreLogic Systems.
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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.<ref>{{cite web |url=http://www.bizjournals.com/sanjose/news/2011/03/15/corelogic-buys-dorado-for-32m.html |title=CoreLogic buys Dorado for $32M |publisher=bizjournals.com |date=2011-05-15 |accessdate=2015-05-09 |archive-date=2011-08-18 |archive-url=https://web.archive.org/web/20110818003849/http://www.bizjournals.com/sanjose/news/2011/03/15/corelogic-buys-dorado-for-32m.html |url-status=live }}</ref>
In July 2011, the company sold its CoreLogic India operations to [[Cognizant]], for $50 million. As part of the transaction, the companies also announced a five year, $324 million services agreement.<ref>{{cite web |url=http://www.infoworld.com/article/2622485/m-a/cognizant-acquires-corelogic-s-india-services-operations.html |title=Cognizant acquires CoreLogic's India services operations |publisher=infoworld.com |date=2011-07-26 |accessdate=2016-09-28 |archive-date=2016-10-01 |archive-url=https://web.archive.org/web/20161001211634/http://www.infoworld.com/article/2622485/m-a/cognizant-acquires-corelogic-s-india-services-operations.html |url-status=live }}</ref>
In January 2013 CoreLogic bought Middletown, CT-based CDS Business mapping, a provider of geospatial hazard reports including distance to coast, [[flood zone]]s, rating territories, proximity to brush, [[wind pool|wind pull]] eligibility and [[earthquake]] information. CoreLogic reported it would integrate the business into its existing Spatial Solutions business.<ref>{{cite web |url=http://www.insurancejournal.com/news/east/2013/01/23/278439.htm |title=CoreLogic Buys CDS Business Mapping in Connecticut |publisher=insurancejournal.com |date=2013-01-23 |accessdate=2015-05-13 |archive-date=2016-03-04 |archive-url=https://web.archive.org/web/20160304093459/http://www.insurancejournal.com/news/east/2013/01/23/278439.htm |url-status=live }}</ref>
In April 2013, CoreLogic bought Case-Schiller, the producers of the [[Case–Shiller index|Case-Shiller home price index]], known as one of the most important measures of the health of the housing market.<ref name=case-shiller>{{cite web |url=https://blogs.wsj.com/developments/2013/04/26/housing-data-dance-corelogic-buys-case-shiller/ |title=Housing Data Dance: CoreLogic Buys Case-Shiller |publisher=WSJ.com |date=2013-04-26 |accessdate=2015-05-22 |archive-date=2015-07-03 |archive-url=https://web.archive.org/web/20150703110453/http://blogs.wsj.com/developments/2013/04/26/housing-data-dance-corelogic-buys-case-shiller/ |url-status=live }}</ref>
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In December 2013, CoreLogic acquired catastrophic modeling firm Eqecat from Texas-based ABS Group.<ref>{{cite web |url=http://www.insurancejournal.com/news/national/2013/12/29/315600.htm |title=CoreLogic Acquires Catastrophe Modeling Firm Eqecat |publisher=insurancejournal.com |date=2013-12-29 |accessdate=2015-05-13 |archive-date=2015-01-23 |archive-url=https://web.archive.org/web/20150123234643/http://www.insurancejournal.com/news/national/2013/12/29/315600.htm |url-status=live }}</ref>
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.<ref>{{cite web |url=http://www.insurancejournal.com/news/west/2014/03/25/324408.htm |title=CoreLogic in California Acquires Marshall & Swift/Boeckh and DataQuick |publisher=insurancejournal.com |date=2013-12-29 |accessdate=2015-05-13 |archive-date=2015-05-02 |archive-url=https://web.archive.org/web/20150502221422/http://www.insurancejournal.com/news/west/2014/03/25/324408.htm |url-status=live }}</ref>▼
▲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.
In June 2014, CoreLogic expanded its hail, wind and lightning weather risk-management capabilities by acquiring Weather Fusion,<ref>{{cite web |url=http://geospatial-solutions.com/corelogic-expands-insurance-offerings-with-hail-wind-and-lightning-weather-forensics/ |title=CoreLogic Expands Insurance Offerings with Hail, Wind and Lightning Weather Forensics |publisher=geospatial-solutions.com |date=2014-06-05 |accessdate=2015-05-13 |archive-date=2015-04-26 |archive-url=https://web.archive.org/web/20150426030613/http://geospatial-solutions.com/corelogic-expands-insurance-offerings-with-hail-wind-and-lightning-weather-forensics/ |url-status=live }}</ref> formerly known as livehailmap.com.<ref>{{cite web |url=http://www.claimsjournal.com/news/national/2013/02/07/222609.htm |title=LiveHailMap.com is Now Weather Fusion |publisher=claimsjournal.com |date=2013-02-07 |accessdate=2015-05-13 |archive-date=2017-03-13 |archive-url=https://web.archive.org/web/20170313213917/http://www.claimsjournal.com/news/national/2013/02/07/222609.htm |url-status=live }}</ref>
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In March 2017, its CEO Nallathambi died shortly after taking medical leave from the company.<ref>{{cite web |url=http://www.ocregister.com/articles/corelogic-745582-nallathambi-company.html |title=CoreLogic CEO Nallathambi, on medical leave, has died |publisher=ocregister.com |date=2017-03-03 |accessdate=2017-03-10 |archive-date=2017-03-12 |archive-url=https://web.archive.org/web/20170312050642/http://www.ocregister.com/articles/corelogic-745582-nallathambi-company.html |url-status=live }}</ref> Shortly thereafter, the company announced Frank Martell as its new President and CEO.<ref>{{cite web |url=http://www.ocbj.com/news/2017/mar/06/corelogic-names-martell-new-ceo/ |title=CoreLogic Names Martell CEO |publisher=ocbj.com |date=2017-03-06 |accessdate=2017-03-10 |archive-date=2017-03-12 |archive-url=https://web.archive.org/web/20170312095152/http://www.ocbj.com/news/2017/mar/06/corelogic-names-martell-new-ceo/ |url-status=live }}</ref>
In April 2018, CoreLogic acquired "a la mode technologies, LLC", a real estate appraisal software company, for $120 million.{{Citation needed|date=September 2024}}
In May 2018, CoreLogic launched a non-weather-related fire and water risk solution.<ref>{{Cite web|url=http://dsnews.com/headline/05-25-2018/corelogic-launches-first-non-weather-related-risk-solution|title=CoreLogic Launches First Non-Weather-Related Risk Solution - DSNews|last=Ojha|first=Radhika|website=dsnews.com|date=25 May 2018|language=en-US|access-date=2018-06-20|archive-date=2018-06-20|archive-url=https://web.archive.org/web/20180620101324/http://dsnews.com/headline/05-25-2018/corelogic-launches-first-non-weather-related-risk-solution|url-status=live}}</ref>
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== External links ==
* [https://www.corelogic.com/ CoreLogic USA (Headquarters)]
* [https://www.corelogic.com.au/ CoreLogic Australia]
* [https://www.corelogic.co.nz/ CoreLogic New Zealand]
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