eTech Solutions Limited (eTech), a market leading provider of mobile surveying and workflow management software for the property services industry, today announced the completion of the Company’s acquisition by CoreLogic® (NYSE: CLGX), a global property information, analytics and data-enabled solutions provider.
Founded in 2005 by brothers Jim and David Driver, and based in Solihull with 140 employees, eTech focuses on the Residential Lending and Surveying sector and the Energy Assessment market. The company provides an end-to-end property valuation workflow management platform and mobile valuation solution through which more than 50% of UK property valuations are delivered. eTech’s clients include the UK’s leading residential valuation firms and lenders. eTech also supports UK Energy Suppliers in the delivery of Governmental carbon reduction obligations with mobile and desktop solutions that automate the collection, analysis and provisioning of data and reports.
Commenting on the acquisition, Jim Driver said “We very much look forward to aligning our expertise with the considerable resources of CoreLogic to further develop the services we offer to our partners in the UK and internationally. With new products already in the pipeline, this is an exciting phase for eTech’s continued growth.”
Frank Martell, CoreLogic president and CEO notes “The acquisition of eTech expands our UK footprint and augments our valuation solutions offerings. The eTech team has established a great track record of building innovative solutions that helped transform the UK valuation and energy assessment industries. We believe that over time, we can potentially leverage benefits from a number of eTech’s innovative solutions to fuel automation and reduce cycle times in our U.S. property valuation operations.”
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