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CoreLogic Pays $78M for Underwriting Software Maker

Irvine-based CoreLogic Inc. said it paid $78 million for a Middletown, Conn.-based maker of underwriting software.

CoreLogic, a provider of data and analytics for the real estate and mortgage industries, said last week this it had bought CDS Business Mapping LLC. The deal closed in mid-December.

CDS, founded in 1994, provides underwriting information to insurance carriers, agents and brokers.

“The acquisition of CDS complements and expands our existing natural hazard risk management offerings,” said CoreLogic chief executive Anand Nallathambi.

CDS will be integrated into CoreLogic’s Spatial Solutions business unit, the company said.

CoreLogic counts a market value of about $2.7 billion.

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Mark Mueller
Mark Mueller
Mark is the Editor-in-Chief of the Orange County Business Journal, one of the premier regional business newspapers in the country. He’s the fifth person to hold the editor’s position in the paper’s long history. He oversees a staff of about 15 people. The OCBJ is considered a must-read for area business executives. The print edition of the paper is the primary source of local news for most of the Business Journal’s subscribers, which includes most of OC’s major corporate and community players. Mark’s been with the paper since 2005, and long served as the real estate reporter for the paper, breaking hundreds of commercial and residential real estate stories. He took on the editor’s position in 2018.
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