Announced
Financials
Sources
Tags
Pending
Friendly
Domestic
Acquisition
Majority
residential property
Single Bidder
property services
appraisal management company
Real Estate Services
Private
United States
Synopsis
Veros Real Estate Solutions, a provider of enterprise risk management and collateral valuation services, agreed to acquire Valligent, an appraisal management company. Financial terms were not disclosed. “Veros acquired Valligent to further revolutionize and drive the property valuation industry beyond where it is today. Together, we represent a powerful collateral valuation innovator in the market, providing a full spectrum of appraisal, valuation data and analytics and related collateral risk management solutions. We are in a very exciting phase in the rapid expansion of the collateral valuation spectrum of products and services. Combining Veros’ data and analytic capabilities with Valligent’s appraisal and broker capabilities will result in a powerful and value-added combination greater than its parts," Darius Bozorgi, Veros President & CEO.
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