$225 million move expected to close next month
Fidelity National Financial (FNF), a provider of title insurance and transaction services to the real estate and mortgage industries, has agreed to acquire TitlePoint from Black Knight for $225 million in cash.
TitlePoint enables searches for detailed property information, images of documents and maps from hundreds of counties across the US. It has been part of Black Knight’s data and analytics segment since 2014.
“The acquisition of TitlePoint is just one more way FNF is investing in, expanding and integrating property data, images and search technology into FNF’s existing assets,” said Mike Nolan, CEO of Fidelity National Financial. “Combined with other FNF digital technologies, this acquisition improves productivity and automation and streamlines the manufacturing of title plant information across our industry-leading footprint.”
The acquisition is expected to close in December, subject to customary closing conditions.