First American Financial acquires assets of S.D. Technologies, Inc.
August 5, 1998, SANTA ANA, CALIFORNIA
Spatial Data is a developer of desktop software products used by title insurance companies and real estate agents. Its ProfileMax software produces property profiles which are used to assist homeowners in listing and selling residential properties.
The products of Spatial Data will be managed by the Title Information Services division of Anaheim-based First American Real Estate Solutions (RES). Under the terms of the transaction, employees of Spatial Data became employees or consultants of First American Real Estate Solutions as of August 3, 1998.
"The acquisition of Spatial Data’s products adds a new dimension to an existing line of products and services made available to title insurance companies, including automated title plant, tax data and document imaging services," said Dennis Gilmore, president of First American RES.
The First American Financial Corporation, based in Santa Ana, California, is the nation’s leading provider of real estate-related financial and information services. The corporation’s subsidiaries include First American Title Insurance Company, a national and international title insurer; First American Real Estate Information Services, Inc., which offers tax monitoring, credit reporting, property data services, flood certification, field inspection services, appraisal services, mortgage loan origination and servicing systems, and mortgage document preparation nationally; First American Home Buyers Protection Corporation, a home warranty company; and First American Capital Management, an investment advisory firm. The Corporation also operates First American Trust Company and First Security Thrift Company in Southern California. First American Financial has more than 15,000 employees in over 400 branch offices in the United States and abroad. Information about the company’s subsidiaries and an archive of its press releases can be found at http://www.firstam.com on the Internet.