U.S. Markets open in 4 hrs 4 mins

Fidelity National acquires 'majority position' in Sacramento-based SkySlope

Victor A. Patton
American City Business Journals

Fortune 500 title insurance company Fidelity National Financial Inc. has purchased a majority share of Sacramento-based data technology firm SkySlope for an undisclosed amount. Launched in late 2010 by local real estate agent Tyler Smith, SkySlope is a transaction management platform for the real estate industry, allowing deals to go paperless. SkySlope said in a press release that its partnership with Fidelity National (FNF) will provide SkySlope with expanded resources to continue to deliver "leading-edge transaction management software to the brokerage industry" and to expand its product offering with new brokerage applications.