Reed Business Information Ltd, part of RELX Group, has announced today that it has sold the entire issued share capital of Cordell Information Pty Limited in Australia to CoreLogic, Inc.
CoreLogic is a leading international provider of consumer, financial and property information, analytics and services to business and government. In Australia, CoreLogic acquired RP Data in early 2011, which now does business as CoreLogic RP Data.
Dominic Feltham, Chief Executive Officer of Reed Business Information, said: “I believe CoreLogic will provide Cordell with the additional expertise and support they need to continue to succeed. Cordell’s timely, reliable and accurate solutions for the construction sector will be enhanced by the focus of CoreLogic and capability going forward. I’m confident it’s a winning combination.”
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Cordell Information is the leading authority on project activity and building cost information in Australia. This information is used extensively in a wide range of industries including building, property and insurance by a variety of professionals who appreciate the value of reliable, timely and comprehensive information.
CoreLogic (NYSE: CLGX) is a leading global property information, analytics and data-enabled services provider. The company’s combined data from public, contributory and proprietary sources includes over 4.5 billion records spanning more than 50 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, and the public sector. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and managed services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. Headquartered in Irvine, California, CoreLogic operates in North America, Western Europe and Asia Pacific. www.corelogic.com
About Reed Business Information
Reed Business Information provides information and online data services to business professionals worldwide. Customers have access to our high-value industry data, analytics, information and tools. Our strong global brands hold market-leading positions across a wide range of industry sectors including banking, petrochemicals and aviation where we help customers make key strategic decisions every day. RBI is part of RELX Group, a world-leading provider of information solutions for professional customers across industries. www.reedbusiness.com
About RELX Group
RELX Group is a world‐leading provider of information solutions for professional customers across industries. The group employs about 28,500 people of whom half are in North America. RELX PLC, the London Stock Exchange listed shareholding vehicle, holds 52.9% of the shares in RELX Group. RELX NV, the Amsterdam Stock Exchange listed shareholding vehicle, holds 47.1% of the shares in RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. The total market capitalisation is approximately €30bn/£22.5bn.
RELX Group Media Contacts
Paul Abrahams, RELX Group
+44 (0)20 7166 5724
RELX Group Investor Relations
Colin Tennant, RELX Group
+44 (0)20 7166 5751