Stewart acquires PropStream for $175 million
Stewart Information Services announced its plans to acquire PropStream , a residential real estate data and analytics for investors, realtors, real estate agents, brokers and lenders.
“Through our agreement to acquire PropStream, we continue to demonstrate our commitment to creating a robust suite of digital, data and analytics products and services to better serve our customers. PropStream offers an impressive residential real estate property data platform that gives customers the ability to generate insights and better target selling, investing and other business opportunities. PropStream’s analytical tools allow its customers to stay ahead of the market and are a great compliment to our capabilities, providing ease of use and digitization to the real estate transaction.” – Fred Eppinger, Stewart Chief Executive Officer.
“Our combination with the Stewart family will only serve to enhance our ability to stay at the forefront of providing data and analytics solutions . Stewart’s continued investment in new capabilities is one of the reasons why we feel Stewart is the right fit for PropStream and will enable us to continue to grow, while further strengthening core competencies, such as our social media interaction model. Through PropStream’s proprietary technology, we’re able to provide market leading tools to our customers and we’re excited about the future of our ability to do so as part of the Stewart family.” – Rob Zahr, PropStream Chief Executive Officer.
PropStream will continue operating as a standalone company.