FNF Group Acquires Lead Generation Software Company
August 4, 2016
FNF Group has signed a definitive agreement to acquire Commissions Inc. (CINC), a provider of an end-to-end lead generation and lead management software platform focused on high-performing residential real estate agents and agent teams.
“We are excited to partner with CINC to bring value-added technology and services to our Realtor customers," said William Foley II, chair of FNF. "To this point, CINC's strong revenue and customer growth has been largely organic, with minimal sales force efforts needed. We plan to leverage FNF's title sales force to proactively cross-sell the CINC product suite to our leading customers. With CINC's solid existing customer base, innovative product set and our combined plan for continued development of the CINC product suite, we find the opportunity for further significant revenue and EBITDA growth to be compelling."
Product offerings include software, marketing and services designed to enhance the productivity and sales results of elite real estate agents and agent teams through lead generation and proactive lead management. CINC reported it has more than 1,500 customers who collectively have closed more than 170,000 residential real estate transactions over the last 12 months.
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