Fidelity National Real Estate Solutions Acquires Realigent's Award Winning Broker and Agent Technologies
March 12 2007 - 8:30AM
PR Newswire (US)
JACKSONVILLE, Fla., March 12 /PRNewswire-FirstCall/ -- 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(TM), 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(R), 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(TM), 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(TM) integrates vital
productivity and business tools into a single, personalized real
estate agent portal. Compatible with any MLS system, rDesk(TM)
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(TM) is the gateway to all
other Realigent products, including the VantagePoint(TM) Control
Panel, SearchPoint(TM) Control Panel and LeadPoint.
VantagePoint(TM) 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(TM) is
included with every VantagePoint(TM) subscription. SearchPoint(TM)
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(TM) 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(TM) 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 http://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. DATASOURCE: Fidelity National Financial, Inc. CONTACT:
Daniel Kennedy Murphy, Senior Vice President, Finance and Investor
Relations of Fidelity National Financial, Inc., +1-904-854-8120, ,
or Darcy Patch, Senior Vice President of Marketing, Real Estate and
Mortgage Information Services of Fidelity National Financial, Inc.,
+1-949-477-1173, Web site: http://www.fnf.com/
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