ATTOM sold its RealtyTrac and Homefacts websites to Nations Info. As part of the transaction, Nation Info signed a multi-year agreement to become an ATTOM data-licensing customer. Financial terms were not disclosed.
The divestiture will allow ATTOM to focus 100 percent on continuing to accelerate the growth of its data-licensing business, according to CEO Rob Barber.
“We’re well on our way to meeting our 2022 objectives, and this enhanced focus should enable us to be even more successful in the years ahead,” he said in a release.
Founded in 1996, RealtyTrac has been a resource for investors, real estate agents and consumers looking for foreclosure properties and making it easier for all interested parties to search for, analyze and evaluate properties in all three stages of foreclosure. Homefacts is a one-stop shop providing accurate property and neighborhood data including school ratings, crime rates, and environmental and natural disaster risks.
“RealtyTrac will always have an important place in ATTOM’s history - our company actually started out as RealtyTrac back in the mid-1990s - and was integral to fueling our company’s growth over the years,” Barber said. “But as the company shifted its focus to data licensing, and our customer base moved from individual consumers and real estate agents to large enterprises, websites like RealtyTrac and Homefacts were no longer closely aligned with our future vision for ATTOM’s growth.”