Leading Property Research Provider Acquired by First American Financial Corporation
PRINCETON, NJ – SEPTEMBER 21, 2016 -- Edison Partners today announced that New Jersey-based RedVision Systems, the largest independent provider of title and real property research, has been acquired by First American Financial Corporation (NYSE: FAF), a leading provider of title insurance, settlement services and risk solutions for real estate transactions.
RedVision®, which has grown 350 percent since Edison’s original investment in 2009, offers title evidence solutions, including data, technology and managed services focused on the procurement and processing of title information.
“RedVision’s CEO Brian Twibell and his team have delivered on their visionary approach to bring automation to the title research industry,” said Edison General Partner Joe Allegra, who led the investment and served on RedVision’s board. “I have enjoyed working with them over the years as they executed on that vision, and I’m confident they will enjoy continued success moving forward.”
“We appreciate Edison’s financial support and guidance as we rolled out TitleVision® and Nova® across the country, especially through the challenging times the real estate industry experienced a few years ago,” noted Twibell. “We now have in place the people, partners, and infrastructure to sustain our vision.”
Edison Partners has financed and guided more than 200 private companies, including 46 Enterprise 2.0 companies. Noteworthy exits include Archive Systems, Assessment Systems, Axent, InSoft, Marcam, Notable Solutions, Octagon, Tangoe, Telarix, VirtualEdge, Uptivity, and VFA. Current Enterprise portfolio companies include All Traffic Solutions, eSentire, Kemp Technologies, Logfire, MotionSoft, Neat, and Operative.
As a national provider of title and real property research, RedVision® applies straight through processing (STP) and single-source solutions to transform the procurement and processing of title information. In 2015 the company introduced its proprietary NOVA® technology and cascade of best-practice standardized Redi® products – SearchRedi®, ExamRedi®, CurativeRedi® and ClearingRedi® – to empower customers with transaction cost savings, SLA attainment, compliance and risk management. Since 2006, RedVision has delivered more than 7.5 million title reports to 1,600+ client organizations, including financial institutions, title underwriters, settlement service providers, national agents, local agents, lenders, attorneys and foreclosure/default processing firms. RedVision has been designated an American Land Title Association (ALTA) Elite Provider, named on HousingWire’s TECH100™ and listed repeatedly as one of the fastest-growing companies by Inc. For more information, please visithttp://www.redvision.com.
For 30 years, Edison Partners has been helping CEOs and their executive teams navigate the entrepreneurial journey and build successful companies. Through the unique combination of expansion capital and the Edison Edge platform, consisting of strategic advisory, the Edison Director Network, and executive education, Edison employs a holistic approach to nurturing invention and creating value for growth stage businesses ($5 to $20 million in revenue) in financial technology, healthcare IT, enterprise IT, and marketing technology industries. Edison investment objectives also include: buyouts, recapitalizations, spinouts and secondary stock purchases.
Edison’s active portfolio has created aggregate market value exceeding $5 billion. Its long-tenured team based in Princeton, NJ manages more than $1 billion in assets throughout the eastern United States.