CoreLogic Completes Acquisition of Mercury Network, LLCSource: Business Wire
—Valuation Solutions Software Platform and Content-Related Revenues Expanded—
Mercury Network is a valuation technology and appraisal management platform company, providing the software used by more than 800 emerging and medium-sized mortgage lenders and appraisal management companies (AMCs) to manage their collateral valuation operations.
“We are very excited to bring the Mercury Network team into the
Safe Harbor/Forward-Looking Statements
Certain statements made in this press release are forward-looking statements within the meaning of the federal securities laws, including but not limited to statements that (i) the Mercury Network acquisition will advance the Company’s valuation solutions capabilities; and (ii) the Company intends to continue to offer the Mercury platform to smaller and medium-sized lenders and AMCs while offering the FNC platform to larger institutions. Risks and uncertainties exist that may cause the results to differ materially from those set forth in these forward-looking statements. Factors that could cause the anticipated results to differ from those described in the forward-looking statements include the risks and uncertainties set forth in Part I, Item 1A of our most recent Annual Report on Form 10-K, as amended or updated by our Quarterly Reports on Form 10-Q. These additional risks and uncertainties include but are not limited to: limitations on access to or increase in prices for data from external sources, including government and public record sources; changes in applicable government legislation, regulations and the level of regulatory scrutiny affecting our customers or us, including with respect to consumer financial services and the use of public records and consumer data; compromises in the security of our data, including the transmission of confidential information or systems interruptions; difficulties in obtaining regulatory approvals and satisfying other closing conditions to the transaction; difficult conditions in the mortgage and consumer lending industries and the economy generally; our ability to protect proprietary rights; our cost reduction program, technology and growth strategies and our ability to effectively and efficiently implement them; risks related to the outsourcing of services and international operations; our indebtedness and the restrictions in our various debt agreements; our ability to realize the anticipated benefits of certain acquisitions and/or divestitures and the timing thereof; the inability to control the operations or dividend policies of our partially-owned affiliates; and impairments in our goodwill or other intangible assets. The forward-looking statements speak only as of the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.