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Solutionstar Announces Acquisition of Title365

puzzle-coming-togetherSolutionstar, a subsidiary of Texas-based Nationstar Mortgage Holdings, announced Friday it has entered into an agreement to acquire Experience 1, Inc., the holding company for Title365 and two other technology subsidiaries in a $36 million cash deal.

In its announcement, the company described the strategic acquisition as another step in its "continuing growth as the nation's premier real estate technology company."

With the new addition, Solutionstar says it hopes to expand its purchase title services, further diversify its revenue streams, expand into new markets, and position the newly combined enterprise as a premier player and innovator in the national title arena.

Friday's announcement is just the latest in a series of strategic moves on Solutionstar's part to grow as a leader in real estate technology. In May, the company acquired Real Estate Digital (RED), a real estate data aggregation firm that provides online marketing, data, transaction management, and digital media solutions.

The company took another major step earlier this month with the addition of renowned technology executive Kal Raman as CEO.

"When I was hired to take the helm at Solutionstar, we promised to continue to make significant, sustained investments in innovation and expand our products and services to elevate the company as a national leader in real estate technology," Raman said. "Acquiring RED was an important step in that evolution, and acquiring Title365 underscores Solutionstar's commitment to leverage our technological expertise to deliver comprehensive, end-to-end online services for homebuyers, home sellers and real estate professionals."

The transaction, which is subject to customary approvals and consents, is expected to close in January 2015.

About Author: Tory Barringer

Tory Barringer began his journalism career in early 2011, working as a writer for the University of Texas at Arlington's student newspaper before joining the DS News team in 2012. In addition to contributing to DSNews.com, he is also the online editor for DS News' sister publication, MReport, which focuses on mortgage banking news.
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