JACKSONVILLE, Fla.,
Oct. 2, 2017 /PRNewswire/
-- Fidelity National Financial, Inc. today announced that FNF
Group (NYSE: FNF), has acquired a majority interest in SkySlope,
the leading provider of digital transaction management and closing
solutions to real estate professionals. SkySlope's
cloud-based digital transaction management platform is used by over
1,500 brokerages covering 5,000 offices, powering 140,000 agents to
initiate approximately 1.5 million real estate transactions over
the past year.
"SkySlope will broaden FNF's service offerings to real estate
professionals and further advance our strategy of providing a suite
of best of breed technology assets to help real estate agents and
brokers gain more customers and more efficiently close
transactions," said Chairman William P.
Foley, II. "FNF aims to offer real estate
professionals a robust set of technology solutions and SkySlope's
transaction management platform and SkyTC transaction coordination
services are integral parts of this vision."
"Since inception, SkySlope has been focused on building leading
products that drive efficiency and operational insight for our
brokerage customers," said Tyler
Smith, Founder and CEO of SkySlope. "We are excited to enter
this new phase of SkySlope's growth in partnership with FNF, who
has a long-standing track record of delivering valuable technology
and services to the real estate industry."
About Fidelity National Financial, Inc.
Fidelity
National Financial, Inc. is organized into two groups, FNF Group
(NYSE: FNF) and FNFV Group (NYSE: FNFV). FNF is a leading
provider of title insurance and transaction services to the real
estate and mortgage industries. FNF is the nation's largest
title insurance company through its title insurance underwriters -
Fidelity National Title, Chicago Title, Commonwealth Land Title,
Alamo Title and National Title of New
York - that collectively issue more title insurance policies
than any other title company in the United States. FNFV holds
majority and minority equity investment stakes in a number of
entities, including American Blue Ribbon Holdings, LLC, Ceridian
HCM, Inc. and Del Frisco's
Restaurant Group, Inc. More information about FNF and FNFV
can be found at www.fnf.com.
Forward-Looking Statements
This press release contains
forward-looking statements that involve a number of risks and
uncertainties. Statements that are not historical facts, including
statements regarding our expectations, hopes, intentions or
strategies regarding the future 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 financial and operating results 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; weakness or
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; our
dependence on distributions from our title insurance underwriters
as a main 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.
FNF-G
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SOURCE Fidelity National Financial, Inc.