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O.C. BUSINESS PLUS | ORANGE COUNTY BRIEFLY

Fidelity National in Joint Services Company

April 17, 2001|Dow Jones

Fidelity National Financial Inc., the Irvine operator of the nation's largest title insurer, said Monday that it has agreed with a San Diego company to combine real estate information, technology products and assets into a jointly owned real estate services company.

Fidelity said in a press release that it will offer the assets and operations of its tax, credit, flood, appraisal and property records businesses to acquire about 77% of Vista Information Solutions Inc.

Specific financial terms were not disclosed.

The companies expect the transaction to close during the third quarter. The combined company should have first-year revenue of about $230 million, the companies said. An executive management team will be named from existing managers within both companies.

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