Prime Ecosystem acquired by CoreLogic to expand contractor solutions globally
Deal News | Jan 06, 2025 | EIN
CoreLogic, a leading property information and analytics firm, has acquired Prime Ecosystem, a technology company specializing in construction, restoration, and maintenance management software. This acquisition aims to expand Prime Ecosystem's contractor technology beyond Australia to international markets, beginning with the United Kingdom while also reinforcing its growth in Australasian markets. CoreLogic's integration of Prime's software into its offerings will create an end-to-end contractor management platform—CoreLogic Contractor Workspace—designed to enhance efficiency and adaptiveness within the contractor sector. The platform supports full job lifecycle management and is equipped with features for workflow customization, asset tracking, and streamlined communication, providing contractors with data-driven insights for better decision-making. This strategic move exemplifies CoreLogic's commitment to delivering innovative solutions that advance industry standards.
Sectors
- Technology
- Construction
- Insurance
Geography
- Australia – Prime Ecosystem is based in Australia, representing its home market.
- United Kingdom – The UK is the initial target for international expansion of Prime Ecosystem's contractor solutions.
- United States – CoreLogic is headquartered in Irvine, California, USA.
Industry
- Technology – Prime Ecosystem specializes in technology platforms for contractor management, a key focus of the acquisition.
- Construction – The acquisition expands solutions tailored to the construction industry, focusing on job lifecycle management and workflow optimization.
- Insurance – CoreLogic's acquisition leverages Prime Ecosystem's applications for restoration and property insurance sectors.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CoreLogic | Bidding Company | Company | A global leader in property information, analytics, and data-enabled solutions. |
| Prime Ecosystem | Target Company | Company | A technology firm specializing in construction, restoration, and maintenance management platforms. |
| Paul Brandis | Managing Director and Co-founder | Person | Co-founder of Prime Ecosystem, providing insights into the significance of the acquisition. |
| Michael Porter | Senior Vice President of International Insurance Solutions | Person | SVP at CoreLogic, commenting on the strategic importance of the acquisition. |