202112 Nov

Stewart Announces Agreement for the Acquisition of PropStream

Summary

Since its founding more than fifteen years ago, PropStream has been an innovator in aggregating and standardizing property data and delivering value-added solutions to its customers through a single digital point of access. “Through our agreement to acquire PropStream, we continue to demonstrate our commitment to creating a robust suite of digital, data and analytics products and services to better serve our customers,” said Fred Eppinger, Stewart Chief Executive Officer. “PropStream offers an impressive residential real estate property data platform that gives customers the ability to generate insights and better target selling, investing and other business opportunities. Through PropStream’s proprietary technology, we’re able to provide market leading tools to our customers and we’re excited about the future of our ability to do so as part of the Stewart family.” The purchase price is $175 million and will be funded with available company resources. We expressly disclaim any obligation to update, amend or clarify any forward-looking statements contained in this earnings release to reflect events or circumstances that may arise after the date hereof, except as may be required by applicable law.

Source: Businesswire

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Companies