M&A Deal Summary

Title iO Acquires GreenFolder

On March 2, 2020, Title iO acquired software company GreenFolder from First American

Acquisition Highlights
  • This is Title iO’s 1st transaction in the Software sector.
  • This is Title iO’s 1st transaction in the United States.
  • This is Title iO’s 1st transaction in California.

M&A Deal Summary

Date 2020-03-02
Target GreenFolder
Sector Software
Buyer(s) Title iO
Sellers(s) First American
Deal Type Divestiture

Target

GreenFolder

Irvine, California, United States
GreenFolder, Inc. is a provider of an electronic office management software solutions. GreenFolder is based in Irvine, California.

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Buyer(S) 1

Buyer

Title iO

Sandy, Utah, United States

Category Company
Founded 2015
Sector Information Technology
DESCRIPTION

Title iO is a technology company that provides the real estate settlement industry with workflow automation, secure communication and data integration solutions. Title iO was founded in 2015 and is based in Sandy, Utah.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1

Seller(S) 1

SELLER

First American

Santa Ana, California, United States

Category Company
Founded 1889
Sector Financial Services
Employees19,038
Revenue 6.1B USD (2024)
DESCRIPTION
Entrance to First American Financial's corporate headquarters in Santa Ana, California.
Entrance to First American Financial's corporate headquarters in Santa Ana, California.

First American is engaged in the business of providing financial services through its title insurance and services segment and its specialty insurance segment. The title insurance and services segment provides title insurance, closing and/or escrow services and similar or related services domestically and internationally in connection with residential and commercial real estate transactions. It also maintains, manages and provides access to title plant records and images and provides banking, trust and investment advisory services. The specialty insurance segment issues property and casualty insurance policies and sells home warranty products. First American was incorporated in 1889 and is based in Santa Ana, California.


DEAL STATS #
Overall 3 of 4
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 2 of 3
State: California M&A 3 of 4
Country: United States M&A 3 of 4
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-13 First American Docutech

Idaho Falls, Idaho, United States

First American Docutech provides an end-to-end integrated digital mortgage experience that enables lenders to accelerate the real estate closing process. The company digitizes and streamlines the creation, delivery, execution, and perfection of mortgage documents. First American Docutech sets the standard in providing market-proven technology and unrivaled customer service to the financial industry. First American Docutech was formed in 1991 and is based in Idaho Falls, Idaho.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-26 ServiceMac

Fort Mill, South Carolina, United States

ServiceMac is focused on providing superior technology, products, and services for the mortgage industry backed by highly personalized service and support. The innovative mortgage subservicing company offers lenders, investors, and other mortgage servicers personalized solutions that span the mortgage continuum and enhance security, customer satisfaction, and profitability. ServiceMac was formed in 2017 and is based in Fort Mill, South Carolina.

Buy -