Divestiture • Information Services

Fidelity National Financial Acquires SoftPro

On February 18, 2008, Fidelity National Financial acquired information services company SoftPro from LandAmerica Financial Group

Acquisition Context
  • This is Fidelity National Financial’s 1st transaction in the Information Services sector.
  • This is Fidelity National Financial’s 8th transaction in the United States.
  • This is Fidelity National Financial’s 1st transaction in North Carolina.

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M&A Deal Summary

Date February 18, 2008
Target SoftPro
Sector Information Services
Buyer(s) Fidelity National Financial
Sellers(s) LandAmerica Financial Group
Deal Type Divestiture

Target Company

SoftPro

Raleigh, North Carolina, United States
SoftPro Corp. provider of closing and title software solutions.
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Buyer Overview 1

Buyer

Fidelity National Financial

Jacksonville, Florida, United States

Category Company
Founded 1847
Sector Insurance
Employees22,293
Revenue 13.4B USD (2024)
DESCRIPTION
Fidelity National Financial's corporate headquarters in Jacksonville, Florida.
Fidelity National Financial's corporate headquarters in Jacksonville, Florida.

Fidelity National Financial is a provider of insurance escrow, and other services. Fidelity National Financial was incorporated in 1847 and is based in Jacksonville, Florida.


Deal Context for Buyer #
Overall 8 of 30
Sector: Information Services 1 of 2
Type: Divestiture 1 of 6
State: North Carolina 1 of 1
Country: United States 8 of 29
Year: 2008 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-14 Dayforce

Minneapolis, Minnesota, United States

Dayforce is a global human capital management software company using its cloud HCM platform to provide human resources, payroll, benefits, workforce management, and talent management functionality. It optimizes the management of the entire employee lifecycle, including attracting, engaging, paying, deploying, and developing people. Ceridian has solutions for organizations of all sizes. Dayforce was founded in 1992 and is based in Minneapolis, Minnesota.

Buy $5.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-22 United Capital Title Insurance Co.

Los Angeles, California, United States

United Capital Title Insurance Co., is a provider of insurance services.

Buy -

Seller Profile 1

SELLER

LandAmerica Financial Group

Glen Allen, Virginia, United States

Category Company
Founded 1991
Sector Insurance
DESCRIPTION

LandAmerica Financial Group, Inc. provider of real estate transaction services with more than 800 offices and a network of more than 10,000 active agents.


Deal Context for Seller #
Overall 1 of 6
Sector: Information Services 1 of 1
Type: Divestiture 1 of 6
State: North Carolina 1 of 1
Country: United States 1 of 6
Year: 2008 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-09-01 Best Home Warranty Co.

Las Vegas, Nevada, United States

Buyers Home Warranty Company/ Best Home Warranty Company (BHWC), a leading provider and servicer of home warranty contracts.

Buy $21M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-22 United Capital Title Insurance Co.

Los Angeles, California, United States

United Capital Title Insurance Co., is a provider of insurance services.

Sell -