Post by
GJBigBuffalo on Dec 21, 2021 2:19pm
***Anyone hungry for a Benutech Sandwich ***
Leave one longing to understand. Does Benutech actually possess all of the CoreLogic Data, or have they simply been granted/allowed access by way of a (per call) CL API paid data subscription? A bit confusing when presented as “they were awarded” in the Anti-Trust case, all CoreLogic’s data. I may be misunderstood, Benutech boasts that a high percentage of the civil and probate data comes from public and U.S County records, which it appears is free to anyone interested and it is not valuable data.
Hard to imagine, Benutech actually has a company like CoreLogic entire true historical real estate data tape, in their own private proprietary instance. Especially as a fee based offering. Are they maybe simply among the 1000s of competitive clients with a paid real-time subscription (CL “client”) allowed to support their products with CL data?
Seems to me like this data itself should already exist as described in other purchases this year! Benutech’s Title Toolbox , ReboGateway sort of feels like something we should already have (or could easily be configured capability at no acquisition cost) in the Technology purchased with Bright Line Title, Voxtur Technologies, Xome Services, Clarocity Fusion OMS and Real Wealth Technologies, StarCap Marketing (APEX), ANOW, Municipal Tax Advisory Group, Inc and also MTAG Paralegal Professional Corp??
Has anyone put eyes on, or know about Benutech’s financials? How much revenue has Benutech generated in the three quarters of 2021, what are its costs? Why hasn’t there been any third party acknowledgements or visibility by the U.S Real Estate industry of Benutech’s prized data, as an organic source? Only news I see online is that created by Voxtur and it makes me a skeptic!
IMO..the boosted value of this deal for tech and the data asset, only serves as a discount to what was previously promoted and perceived as value in other Voxtur Acquisitions. NO reason to add more flare to the flames, if this company cannot already show profit or accretive evidence from this year’s spending bloat, 2022 will be an abortion.
Comment by
synectix on Dec 22, 2021 6:30am
Great post....I've had the same concerns this being a growth by acquisition play....it's getting harder and harder these days to figure out valuations with so many spin doctors working the markets....time will tell...for now just trying to build a free ride....thanks for your insights!
Comment by
kjalonen on Dec 22, 2021 11:15am
I haven’t seen this exact anti trust ruling but other Corelogic decisions are about access to bulk data. So I would think it is more than API access.