Solihull software firm eTech Solutions has been bought by a California giant CoreLogic.
eTech Solutions provides mobile surveying software for the property services industry and employs 140 people in the Midlands.
Founded in 2005 by brothers Jim and David Driver, its platform is used in more than 50 per cent of UK property valuations as it counts the country’s leading residential valuation firms and lenders among its clients.
eTech also supports UK Energy Suppliers in the delivery of Governmental carbon reduction obligations by automating the collection, analysis and provisioning of data and reports.
Jim Driver said: “We very much look forward to aligning our expertise with the considerable resources of CoreLogic to further develop the services we offer to our partners in the UK and internationally.
“With new products already in the pipeline, this is an exciting phase for eTech’s continued growth.”
CoreLogic is a global property information, analytics and data-enabled solutions provider.
Its president and CEO Frank Martell said: “The acquisition of eTech expands our UK footprint and augments our valuation solutions offerings.
“The eTech team has established a great track record of building innovative solutions that helped transform the UK valuation and energy assessment industries.
“We believe that over time, we can potentially leverage benefits from a number of eTech’s innovative solutions to fuel automation and reduce cycle times in our US property valuation operations.”