M&A Deal Summary

CoreLogic Acquires Mercury Network

On June 6, 2017, CoreLogic acquired software company Mercury Network from Serent Capital

Acquisition Highlights
  • This is CoreLogic’s 4th transaction in the Software sector.
  • This is CoreLogic’s 8th transaction in the United States.
  • This is CoreLogic’s 1st transaction in Oklahoma.

M&A Deal Summary

Date 2017-06-06
Target Mercury Network
Sector Software
Buyer(s) CoreLogic
Sellers(s) Serent Capital
Deal Type Add-on Acquisition

Target

Mercury Network

Oklahoma City, Oklahoma, United States
Mercury Network LLC is a software platform used by more than 700 lenders and AMCs to manage their collateral valuation workflow. The company’s solutions include Mercury Network for appraisal vendor management, Enterprise Vendor Framework (EVF) for lender management of AMCs, and AQM for quality assurance and quality control compliance among several other solutions for its customers.

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Buyer(S) 1

Buyer

CoreLogic

Irvine, California, United States

Category Company
Founded 1894
Sector Information Services
Employees5,100
Revenue 1.8B USD (2019)
DESCRIPTION
CoreLogic's corporate headquarters in Irvine, California.
CoreLogic's corporate headquarters in Irvine, California.

CoreLogic is a provider of property, mortgage and consumer information, analytics, technology and services to businesses. CoreLogic was founded in 1894 and is based in Irvine, California.


DEAL STATS #
Overall 10 of 21
Sector (Software) 4 of 9
Type (Add-on Acquisition) 6 of 17
State (Oklahoma) 1 of 2
Country (United States) 8 of 16
Year (2017) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-05 RELS

RELS LLC is a provider of real estate asset valuation and appraisal solutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-02 Clareity Security

Scottsdale, Arizona, United States

Clareity Security LLC is a provider of security software solutions and identified as an industry leader in secure identity and access management. Serving over eight hundred fifty thousand real estate professionals daily delivering over two hundred fifty application and service integrations.

Buy -

Seller(S) 1

SELLER

Serent Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2008
PE ASSETS 1.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Serent Capital is a private equity firm focused on investing in profitable, growing businesses featuring scalable business models and operating in sectors undergoing significant change. Serent looks for companies with $5 to $100 million in growing annual sales where it can commit $20 to $200 million of capital. Target transaction situations include buyouts, recapitalizations, and growth financings. Serent Capital was formed in 2008 and is based in San Francisco, California.


DEAL STATS #
Overall 8 of 27
Sector (Software) 1 of 10
Type (Add-on Acquisition) 7 of 23
State (Oklahoma) 1 of 1
Country (United States) 8 of 25
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-03 Digarc

Lakeland, Florida, United States

Digarc is a provider of cloud-based software that enables higher education institutions to more efficiently manage their online course catalog and streamline their curriculum design process. Digarc offers two primary software solutions to higher education institutions: Acalog and Curriculog. Acalog is a highly configurable, interactive online course catalog for use by registrars and administrators. Digarc was founded in 2001 and is based in Lakeland, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-09 Pondera Solutions

Folsom, California, United States

Pondera Solutions is a software solution for combatting fraud, waste, and abuse in large government programs. Pondera Solutions leverages advanced predictive algorithms and the power of cloud computing. Their core solution, Fraud Detection as a Service (FDaaS®), helps clients to detect and analyze claims, payments, and program participants, quickly sifting through massive data sets to identify and alert agencies to problems that require follow-up investigation. Pondera Solutions was founded in 2011 and is based in Folsom, California.

Buy -