CoreLogic sells real estate photography agency for millions

The acquisition is considered one of the most important and strategic acquisitions made by Urbanimmersive as it will “significantly expand the company’s presence in many regions in the US, brings new product offerings and sets the table for significant growth and cross-selling opportunities with CoreLogic Group.”

“We are excited to welcome HomeVisit, a well-established and respected brand in the industry, to Urbanimmersive’s portfolio of brands today,” said Ghislain Lemire, president and CEO of Urbanimmersive. “While this represents a significant acquisition that is expected to double the revenues of the Urbanimmersive Group and makes us a clear leader as a tech-powered real estate photography service business in North America, we are proud of having reached with CoreLogic a transaction which will enable us to not use our working capital in short and mid-term, giving us the necessary leeway to build value for our investors. We are also happy and feel privileged to welcome CoreLogic as a strategic partner and shareholder of Urbanimmersive.”

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CoreLogic managing director Devi Mateti commented: “I am very pleased, along with our HomeVisit and CoreLogic teams, to partner with Urbanimmersive Group. For us, Urbanimmersive has clearly demonstrated to have robust business solutions to successfully integrate HomeVisit, and add value to our mutual customers’ buying experience while bringing state-of-the-art 3D and floor plan solutions. We could not have found better hands to take care of our HomeVisit customers.”