First American Acquires Quixsource and C.A.R.D. from Property Data Systems
March 14, 2000, SANTA ANA, Calif.
C.A.R.D. provides real estate information products to Realtors®, appraisers, mortgage originators, developers and investors. Its primary product, MapMerge, is a CD ROM-based system of parcel maps and associated property data of all real estate properties in the Atlanta metropolitan area. Quixsource is primarily engaged in the licensing of property data to resellers including Realtor-based multiple listing systems.
"The acquisition of Quixsource and C.A.R.D. will augment our strategy of developing the largest integrated database of property information nationwide by enhancing our existing product mix with the MapMerge product and enlarging the Realtor customer base of our existing business," said George Livermore, division president of First American Real Estate Solutions. "Additionally, both companies complement the 1998 acquisition of Market Data Center, which will continue to be led by Tom Fore as president, and will become an enlarged part of the First American Real Estate Solutions business."
"Because Quixsource and C.A.R.D. are being folded into Market Data Center, users of real-estate information in the Atlanta metro area will now have unparalleled access not only to Market Data Center's extensive appraisal information database, but to a broader range of real estate information products and software tools offered through First American Real Estate Solutions," stated Fore.
The First American Financial Corporation, based in Santa Ana, Calif., is the nation's leading provider of business information and related products and services. The corporation's three primary business segments include: title insurance; real estate information and services, which includes mortgage information services and database information services; and consumer information and services, which provides home warranties; automotive, subprime and direct-to-consumer credit reporting; property and casualty insurance; property and automotive insurance tracking services; resident screening; pre-employment screening; lender-placed flood and hazard insurance; investment advisory; and trust and banking services. Information about the company and an archive of its press releases can be found on the Internet at www.firstam.com.