Friday, January 18, 2013
CoreLogic Buys CDS Business Mapping
CoreLogic, the Irvine-based provider of residential property information, services, and analytics, said this morning that it has acquired a digital mapping firm, CDS Business Mapping, LLC. CoreLogic said it paid $78M in cash for CDS. CDS provides underwriting information and property reports to insurance carriers, including reporting property-specific hazard like distance to coast, flood zones, rating territories, proximity to brush, wind pool eligibility and earthquake information. CDS was based in Middletown, Connecticut. CoreLogic said the buy will help its position supplying geo-spatial property data to the property and casualty insurance, real estate, telecommunications, public utility, oil and gas industries, and government agency markets.