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HomeNational MortgageAttom sells legacy firm RealtyTrac to Nations Information

Attom sells legacy firm RealtyTrac to Nations Information

As a part of a enterprise mannequin refocus, Attom Information Answer has offered its RealtyTrac and Homefacts web sites to Nations Information. The phrases of the deal weren’t disclosed.

Nations Information is a Goleta, Calif.-based supplier of actual property and monetary info companies, in line with its Crunchbase profile.  

No RealtyTrac or Homefacts executives or staff have been affected by the divestiture, stated Rick Sharga, Attom’s government vp, market intelligence. As a substitute, the staff that labored at these two companies have been redeployed to different positions inside Attom.

The sale signifies that Attom is parting with an enormous piece of its historical past. It was based in 1996 as RealtyTrac. However six years in the past, as a part of the introduction of the Attom Information Warehouse database, it rebranded, taking the Attom Information Options identify.

RealtyTrac “was integral to fueling our firm’s progress over time,” stated Rob Barber, Attom’s CEO, in a press launch. “However as the corporate shifted its focus to information licensing, and our buyer base moved from particular person customers and actual property brokers to giant enterprises, web sites like RealtyTrac and Homefacts have been now not carefully aligned with our future imaginative and prescient for Attom’s progress.”

Now, Attom can focus 100% on accelerating the expansion of its information licensing enterprise. “We’re properly on our strategy to assembly our 2022 targets, and this enhanced focus ought to allow us to be much more profitable within the years forward,” Barber stated.

As a part of this transaction, Nations Information signed a multi-year settlement to change into an Attom information licensing buyer.

In 2019, Attom was acquired by Lovell Minnick Companions from Renovo Capital and Rosewood Non-public Investments. In July 2020, Attom bought House Junction, an actual property know-how firm that creates geographic boundary datasets for neighborhoods, college attendance zones, subdivisions and extra. A yr later it purchased GeoData Plus, which supplies valuation, comparable gross sales and public file information.

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