Press Releases
April 28, 2010
The First American Corporation Announces New Corporate Name For Its Information Solutions Group
CoreLogic to Trade on the New York Stock Exchange as CLGX
The First American Corporation (NYSE:FAF), America's largest provider of business information, announced
today that it has selected the name "CoreLogic" as the new corporate name for its Information
Solutions Group.
As previously announced, First American will split its Information Solutions Group (CoreLogic) and
Financial Services Group into two separate, publicly traded companies. The separation is targeted
to close on June 1, 2010. CoreLogic will trade under the symbol CLGX.
At the time of the separation, First American Financial Corporation, which will hold the Financial
Services Group, will adopt the "FAF" ticker symbol for trading on the New York Stock
Exchange (NYSE).
"We selected the CoreLogic name from our current portfolio of brands as a unifying description
of the broad data, analytics and business information services we provide to support the core processes
of our customers," said Anand Nallathambi, president and chief executive officer of CoreLogic.
The group of businesses that will come to market under the new CoreLogic brand is significantly larger
and more diverse than the company that is known today as First American CoreLogic. The new CoreLogic
encompasses more than 20 different business lines in the areas of data, analytics and outsourcing
services, as well as the consumer credit and information companies that were acquired with First Advantage.
CoreLogic is expected to be a $2 billion revenue company with more than 10,000 employees worldwide and
is a market leader in the areas of data, analytics and business information services that reduce risk,
enhance transparency and enable businesses and governments to make critical business decisions.
CoreLogic will unveil other elements of its new corporate identity on May 3, 2010, at www.corelogic.com.
SALT, a San Francisco-based brand consulting firm, assisted First American in the CoreLogic name selection
and creative brand development.
About CoreLogic
CoreLogic is a leading provider of consumer, financial and property information,
analytics and services to business and government. The company combines public,
contributory and proprietary data to develop predictive and decision analytics
and provide business services that bring dynamic insight and transparency
to the markets it serves. CoreLogic has built the largest U.S. real estate,
mortgage application, fraud, and loan performance databases and is a leading
provider of mortgage and automotive credit reporting, property tax information,
valuation, flood determination and geospatial analytics and services. More
than one million users rely on CoreLogic to assess risk, support underwriting,
investment and marketing decisions, prevent fraud, and improve business performance
in their daily operations. Formerly the information solutions group of The
First American Corporation, CoreLogic will begin trading under the ticker
CLGX on the NYSE on June 2, 2010. The company, headquartered in Santa Ana,
Calif., has more than 10,000 employees globally with 2009 revenues of $2.1
billion. For more information visit www.corelogic.com.
About First American
The First American Corporation (NYSE: FAF) is a FORTUNE 500® company that
traces its history to 1889. With total revenues of approximately $6.0 billion
in 2009, it is America's largest provider of business information. First
American combines advanced analytics with its vast data resources to supply
businesses and consumers with valuable information products to support the
major economic events of people's lives, such as getting a job, renting
an apartment, buying a car or house, securing a mortgage and opening or buying
a business. The First American Family of Companies, many of which command leading
market share positions in their respective industries, operate within five
primary business segments, including: Title Insurance and Services, Specialty
Insurance, Information and Outsourcing Solutions, Data and Analytic Solutions,
and Risk Mitigation and Business Solutions. More information about the company
and an archive of its press releases can be found at www.firstam.com.
Forward-Looking Statements
Certain statements made in this press release, including those related to
the consummation of the separation transaction and the structure and timing
thereof , are "forward-looking statements." These forward-looking
statements may contain the words "intend," "anticipate," "expect," "plan," "predict," "estimate," "project," "will
be," "will continue," "will likely result" or
other similar words and phrases. Risks and uncertainties exist that may cause
results to differ materially from those set forth in these forward-looking
statements. Factors that could cause the anticipated results to differ from
those described in the forward-looking statements include those described in
the Part I, Item 1A of First American's annual report on Form 10-K for
the year ended Dec. 31, 2009. The forward-looking statements speak only as
of the date they are made. Except as required by law, First American does not
undertake to update forward-looking statements to reflect circumstances or
events that occur after the date the forward-looking statements are made.
View All Press Releases