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MarketScreener Homepage  >  Equities  >  Nyse  >  CoreLogic, Inc.    CLGX

CORELOGIC, INC.

(CLGX)
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CoreLogic : Teams Up with Teranet to offer Ontario Property Data in Matrix

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11/07/2019 | 09:10am EST

IRVINE, Calif.

- Property-centric Matrix 360 Solution to be Available in Canada
for the First Time
-

CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today announced an agreement with Teranet Inc. to offer land registry, property data and market insights to Ontario real estate professionals via the CoreLogic Matrix multiple listing platform. Teranet owns and operates the electronic land registration systems for the Provinces of Ontario and Manitoba. Matrix is North America's most popular multiple listing platform and is used by 24,000 real estate professionals in Ontario.

'The data landscape in Canada is much different than the U.S., particularly regarding access to registry, tax and assessment data,' said Chris Bennett, executive for CoreLogic Real Estate Solutions. 'Matrix 360, the property-centric version of our flagship solution, combines listing and property data to provide an efficient, integrated workflow. Matrix 360 has been hugely successful since launching in the U.S. last year, but we didn't have a source of premium property data and insights in Canada-until now. With this strategic alliance in place, CoreLogic can bring the innovations of Matrix 360 to Canadian clients for the very first time.'

The agreement complements Teranet's popular GeoWarehouse solution, which will continue to be available as the leading standalone source of property information in Ontario.

'Both CoreLogic and Teranet recognized the benefits of working together to provide an integrated experience for Canadian real estate professionals,' said Elgin Farewell, president and CEO of Teranet. 'This is a logical collaboration between two market leaders. We're very excited to be working with CoreLogic to advance the state of real estate in Canada.'

About CoreLogic

CoreLogic (NYSE: CLGX), the leading provider of property insights and solutions, promotes a healthy housing market and thriving communities. Through its enhanced property data solutions, services and technologies, CoreLogic enables real estate professionals, financial institutions, insurance carriers, government agencies and other housing market participants to help millions of people find, acquire and protect their homes. For more information, please visit www.corelogic.com.

CORELOGIC, the CoreLogic logo and REALIST are trademarks of CoreLogic, Inc. and/or its subsidiaries. All other trademarks are the property of their respective holders.

In Canada, the trademarks MLS®, Multiple Listing Services® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. CoreLogic is not a member of CREA but is authorized to provide certain services to CREA's members.

Disclaimer

CoreLogic Inc. published this content on 07 November 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 November 2019 14:09:03 UTC

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Financials (USD)
Sales 2019 1 753 M
EBIT 2019 196 M
Net income 2019 80,2 M
Debt 2019 1 560 M
Yield 2019 -
P/E ratio 2019 39,7x
P/E ratio 2020 20,1x
EV / Sales2019 2,72x
EV / Sales2020 2,70x
Capitalization 3 209 M
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Mean consensus HOLD
Number of Analysts 12
Average target price 44,68  $
Last Close Price 40,36  $
Spread / Highest target 33,8%
Spread / Average Target 10,7%
Spread / Lowest Target -4,61%
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Managers
NameTitle
Frank D. Martell President, Chief Executive Officer & Director
Paul F. Folino Chairman
James L. Balas Chief Financial Officer
James David Chatham Independent Director
Thomas C. O'Brien Independent Director
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