Investment solidifies ACI’s industry leadership position; provides new business opportunities for appraisers
November 19, 2008, Palm Coast, FL. ACI, a leading innovator in technology for the valuation industry, today announced the acquisition of assets of the Day One®, United Systems®, and Appraisal.com companies. Day One and United are long-standing software brands in the appraisal industry and used by thousands of appraisers. The completion of this acquisition solidifies ACI’s position as a leader in the industry and provides new business opportunities for appraisers.
ACI, the most financially secure appraisal software company in the industry, now includes the following brands: ACI, Lighthouse™, CRAL, Day One, and United Systems. ACI’s acquisitions, combined with the recent release of ACI2009™, demonstrate ACI’s continued investment in the appraisal industry.
“The purchase of the Day One and United brands, along with the other assets of Appraisal.com, furthers our plan of building the corporation through organic growth as well as strategic acquisitions,” said Dave Roberts, president, ACI. “Over the past dozen years, we have acquired seven different software companies and technology platforms, allowing us to expand our presence in the U.S. and Canada, gain operational economies of scale, and provide an enhanced product suite to our clients.”
“We are pleased to complete the sale of the Day One, United, and Appraisal.com assets to ACI,” said Doug Vincent, former CEO of Zaio Corp. “ACI represents the highest degree of business professionalism and the greatest opportunity for Day One and United appraisers to transition their software to a venue where they can expect premium support. The ACI product line is among the strongest in the industry and affords appraisers unrivaled stability—something coveted in today’s environment. With these acquisitions now concluded, Zaio is better positioned to continue to shift focus towards meeting obligations to its Zaio owners, partners, and affiliates regarding its core initiatives and deliverables.”
About ACI
ACI, a pioneer in crafting technology solutions for the valuation community has gained industry-wide recognition and support from leaders in the field. ACI’s highly scalable appraisal solutions ensure a partnership tailored to the needs of the organizations it services. The ACI client base features many of North America's premier lenders, national appraisal companies, and real estate brokerage firms. From connecting appraisers nationwide to streamlining quality control, the flexibility provided gives organizations the means for processing appraisals and managing exceptions in a consistent and efficient manner.
Headquartered in Palm Coast, Florida, ACI’s management and development team garner the type of experience coveted by decision makers responsible for bringing synergy to their daily workflows and processes.
ACI is a division of ISO, a leading source of information about risk, providing data, analytics, and decision-support services to professionals in many fields, including insurance, finance, real estate, health services, government, human resources, and risk management. The company draws on vast expertise in actuarial science, insurance coverage, fire protection, fraud prevention, catastrophe and weather risk, predictive modeling, data management, economic forecasting, social and technological trends, and many other fields. To meet the needs of diverse clients, ISO employs an experienced staff of business and technical specialists, analysts, and certified professionals. In the United States and around the world, ISO helps customers protect people, property, and financial assets.