Home News Business CoreLogic acquires CDS Business Mapping for USD 78-mn

CoreLogic acquires CDS Business Mapping for USD 78-mn

US: Data analytics and business-services provider CoreLogic has acquired CDS Business Mapping LLC for USD 78 million.

CDS supplies underwriting information to over 700 insurance carriers, agents and brokers through reports that identify a variety of property-specific geographic hazards including distance to coast, flood zones and earthquake information, CoreLogic said.

CoreLogic said it expects the acquisition to boost its 2013 earnings. It said the addition of CDS will improve its position as a top supplier of property data and analytics to the insurance, real estate, telecommunications, public utility, oil and gas industries as well as government agencies.

CDS will become part of CoreLogic‚ÄĚs spatial solutions business. The deal closed in December and CoreLogic used cash on hand to fund the purchase.

Source: Businessweek