Fidelity National Real Estate Solutions Acquires Realigent's
Fidelity National Real Estate Solutions Acquires Realigent's Award Winning Broker and Agent Technologies
Jacksonville, Fla. -- (March 12, 2007) Fidelity National Real Estate Solutions, a division of Fidelity National Financial, Inc. (NYSE:FNF), announced today that it has acquired the assets of Realigent, an Irvine, California-based technology company that provides software solutions for real estate professionals.
Fidelity National Real Estate Solutions (FNRES) will now own and offer Realigent's industry-leading rDesk, CMA Deluxe, VantagePoint and SearchPoint, as well as HomeSeekers.com, Realigent's established consumer portal for locating properties and REALTORS.
According to Fidelity National Real Estate Solutions SVP and General Manager of Broker Agent Products and Data Aggregation, John Hensley, his company's acquisition of Realigent's superior tools for REALTORS®, brokers and Multiple Listing Services will significantly enhance FNRES' already robust product line up, firmly solidifying the company as the industry's preeminent technology solution provider.
"This asset acquisition marks a tremendous boost in capabilities for FNRES, Realigent's products and our clients who use them," Hensley said. "Integrating such a proven, award-winning product line into the FNRES family enables us to enhance our leading-edge technology offerings for brokers and agent-clients, as well as through the company's well-established MLS channel. Realigent's rDesk, which earned Clareity's Best Technology of Show Award in 2005, along with VantagePoint, SearchPoint and CMA Deluxe, will surpass the expectations of even the most aggressive real estate professional," Hensley concluded.
Among the MLS's with existing relationships with Realigent are the nation's largest Southern California's SoCalMLS and MRIS, based in the Baltimore-Washington Metropolitan Area. SoCalMLS CEO Russ Bergeron anticipates his members and their clients will benefit even more through Realigent tools now that they are backed by the power of FNRES.
"SoCalMLS has enjoyed a long and valued relationship with Realigent since its inception as HomeSeekers.com back in 1995," said Bergeron. "Our customers have looked to Realigent to provide valuable tools for real estate professionals. With the resources of Fidelity behind them, we expect even bigger and better things from them."
Two years ago Fidelity acquired Realigent's Lightning CMA Plus. The robust online version, CMA Deluxe, is among the 2007 acquisitions.
A Web-based application, rDesk integrates vital productivity and business tools into a single, personalized real estate agent portal. Compatible with any MLS system, rDesk complements the tools and technologies presently used by many real estate professionals, generating leads, managing businesses and combining the essential information that agents and brokers need to serve clients and close deals. rDesk is the gateway to all other Realigent products, including the VantagePoint Control Panel, SearchPoint Control Panel and LeadPoint.
VantagePoint is a customizable Web site offering with full-range functionality, from dynamic lead generation to security and registration requirements and industry and consumer news feeds. Its marketing tools offer image-enhancing promotion for the agent or broker as well as preferred vendors and services, to stimulate reciprocal promotion. A full-access subscription to rDesk is included with every VantagePoint subscription
SearchPoint is a lead generation tool designed to turn property shoppers into homebuyers, and to retain those homeowners as customers for life. Client profiles can be created to save searches, bookmark properties and enable automatic email listing updates. These client profiles allow an agent to monitor who uses the search engine, the types of searches run, and the types of properties sought.
CMA Deluxe creates Comparative Market Analyses geared to establishing an agent's market expertise as it establishes a property's fair list price for the seller. An easy to use wizard creates professional presentations for potential buyers. These presentations are available in PDF format and may be posted to a My Web Documents Folder, e-mailed, or delivered to a printer or online print service. The rDesk CMA Deluxe provides multiple CMA formats to help agents and brokers personalize their presentations.
About Fidelity National Financial
Fidelity National Financial, Inc. is a leading provider of title insurance, specialty insurance and claims management services. FNF is one of the nation's largest title insurance companies through its title insurance underwriters - Fidelity National Title, Chicago Title, Ticor Title, Security Union Title and Alamo Title - that issue approximately 29 percent of all title insurance policies in the United States. FNF also provides flood insurance, personal lines insurance and home warranty insurance through it specialty insurance business. FNF also is a leading provider of outsourced claims management services to large corporate and public sector entities through its minority-owned subsidiary, Sedgwick CMS. More information about FNF can be found at www.fnf.com.
This press release contains forward-looking statements that involve a number of risks and uncertainties. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. Forward-looking statements are based on management's beliefs, as well as assumptions made by, and information currently available to, management. Because such statements are based on expectations as to future economic performance and are not statements of fact, actual results may differ materially from those projected. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to: changes in general economic, business and political conditions, including changes in the financial markets; adverse changes in the level of real estate activity, which may be caused by, among other things, high or increasing interest rates, a limited supply of mortgage funding or a weak U. S. economy; our potential inability to find suitable acquisition candidates, acquisitions in lines of business that will not necessarily be limited to our traditional areas of focus, or difficulties in integrating acquisitions; our dependence on operating subsidiaries as a source of cash flow; significant competition that our operating subsidiaries face; compliance with extensive government regulation of our operating subsidiaries; and other risks detailed in the "Statement Regarding Forward-Looking Information," "Risk Factors" and other sections of the Company's Form 10-K and other filings with the Securities and Exchange Commission
SOURCE: Fidelity National Financial, Inc.
CONTACT: Daniel Kennedy Murphy, Senior Vice President, Finance and Investor Relations, 904-854-8120, dkmurphy@fnf.com, Darcy Patch, Senior Vice President of Marketing, Real Estate and Mortgage Information Services, 949-477-1173, darcy.patch@fnf.com.