CoreLogic, a leading global property information, analytics and data-enabled services provider, today completed the acquisition of a la mode technologies, LLC, CoreLogic announced in a press release.
Terms of the purchase were not immediately disclosed.
A subscription-based software solution provider, a la mode has more than 40,000 appraiser professional clients across the United States. The solutions provided by a la mode facilitate the aggregation of data, imagery and photographs in a GSE compliant format for the completion of U.S. residential appraisals. a la mode, founded in 1985, is headquartered in Oklahoma City, Okla.
“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,” CoreLogic President and CEO Frank Martell said in the release. “a la mode tools and solutions help to make our professional appraiser community more productive and efficient. The addition of a la mode to our existing workflow and technology offerings also provides CoreLogic with a seamless digital platform for ordering, preparing, quality assuring and delivering property valuations and allows us to expand the connectivity between a number of the major constituencies in the mortgage underwriting ecosystem.”
The acquisition of all of the equity of a la mode is expected to be modestly accretive to CoreLogic’s 2018 revenue and adjusted EBITDA, excluding certain purchase accounting adjustments and one-time integration-related costs, the release said.