The deal, which includes Title365's technology subsidiaries, X1 Labs and X1 Xpress, is in keeping with Solutionstar's strategy to grow through the acquisition of innovative technology firms, the company says in a press release.
In May, Solutionstar acquired Real Estate Digital (RED), a real estate data aggregation company that provides online marketing, data, transaction management and digital media solutions.
And earlier this month, the company announced that it had hired technology executive Kal Raman – formerly with Groupon, eBay and Amazon – as its CEO.
‘The acquisition of Title365 not only adds new technologies, products and third-party business to Solutionstar's portfolio, but its management team boasts a strong reputation as an industry innovator with decades of title industry experience,’ Raman says in the release.
Solutionstar says the acquisition fits in with its broader effort to deliver a truly integrated, comprehensive online real estate solution.