Markham's Real Matters announced earlier this week the closing of a $40 million common equity investment. The financing will position Real Matters to further drive its growth including strategic acquisitions across North America.
Real Matters is a leading provider of information and insights into residential and commercial properties to both the mortgage and property & casualty (P&C) insurance industries.
Real Matters' core solution, Solidifi, is a next-generation appraisal management services provider that serves 45 of the top 100 lenders in the U.S. Solidifi's key enabler is the company's proprietary cloud-based network platform, redihive, and partnerships with more than 26,000 independent appraisers.
This state-of-the art analytical platform identifies the right appraiser for each assignment upfront, building efficiency and cost effectiveness into the appraisal process while ensuring the delivery of high-quality reports and superior performance for lender clients. As a result, Solidifi is now the third-largest independent provider of origination appraisals in the U.S.
This new round of financing leaves the company well capitalized and concludes a successful year. Real Matters was also recognized with several awards in 2013. It was named one of Canada's Best Managed Companies, ranked a Deloitte Technology Fast 50 and Deloitte Fast 500 company, and was declared one of the top Canadian ICT and Software and Service Companies on the Branham300 listings.
Part of the Greater Toronto Area, York Region and its local municipalities including Markham, Richmond Hill, Vaughan and Newmarket, are home to 3,900 Information & Communications Technology (ICT) companies, making it Canada’s highest ICT industry concentration and the leading Enterprise Solutions technology cluster.