Black Knight Inc. agreed to sell TitlePoint to Fidelity Financial Inc. for $225 Million in cash. Black Knight, a data, software and analytics company, stated that the deal will close in December.
TitlePoint is a segment of Black Knight’s data-analytics segment. It is used by title underwriters, title agent and closing attorneys to search detailed property information, images and documents from U.S. counties. Black Knight purchased the business in 2014.
Fidelity National was previously granted by Black Knight the right to repurchase TitlePoint in the case of Black Knight’s change of control. Fidelity National informed the company that it wanted to repurchase TitlePoint as part of Intercontinental Exchange Inc.’s acquisition of Black Knight.
