(Image source: eTech website.)
CoreLogic (Irvine, Calif.), a provider of data, analytics and software solutions to the global property/casualty industry, has completed the acquisition of eTech Solutions Limited (Greater Birmingham, England). CoreLogic characterizes eTech as provider of mobile surveying and workflow management software designed to enhance productivity and mitigate risk for participants in the U.K. property market. CoreLogic declined to share the terms of the deal.
More than 50 percent of U.K. property appraisals ran through eTech’s technology in 2017, an end-to-end property valuation workflow management platform and mobile appraiser solution, according to CoreLogic’s announcement of the acquisition. eTech’s clients include British appraisers, appraisal management companies and lenders. eTech also serves the energy market with mobile and desktop solutions that automate the collection, analysis and provisioning of data and reports.
Track Record of Innovative Solutions
“The acquisition of eTech expands our U.K. footprint and augments our valuation solutions offerings,” comments Frank Martell, president and CEO, CoreLogic. “The eTech team has established a great track record of building innovative solutions that helped transform the UK appraisal industry. We believe that over time, we can potentially leverage benefits from a number of eTech’s innovative solutions to fuel automation and reduce cycle times in our U.S. operations.”