LandAmerica Strengthens Title Search Capabilities By Acquiring GeoData Research Systems
|November 21, 2002|
RICHMOND, Va., /PRNewswire-FirstCall/ -- LandAmerica Financial Group, Inc. (NYSE: LFG), a premier provider of real estate transaction services, announces the acquisition of GeoData Research Systems Inc., of Fort Myers, Florida. GeoData, via its comprehensive web-based search engine, is LandAmerica's primary provider of title information in a four-county area of Southwest Florida.
"This acquisition brings three significant opportunities to LandAmerica," says John Obzud, executive vice president of LandAmerica and east region manager.
"It gives us a new revenue source from existing independent GeoData subscribers, an existing four-county grantor/grantee title plant, and most importantly, the ability to expand into new counties and markets."
Andy Anderson will serve as president and director of GeoData. In addition to his management duties he will be responsible for operations and expansion plans. Says Anderson, "This acquisition will enable LandAmerica to attract new subscribers and provide greater service and support to LandAmerica agents. It's a win-win for everyone."
LandAmerica Financial Group, Inc. is a premier provider of real estate transaction services. LandAmerica, through its subsidiaries Commonwealth Land
About LandAmerica Financial Group, Inc.
Title Insurance Company, Lawyers Title Insurance Corporation, Transnation Title Insurance Company, LandAmerica OneStop and Inspectech, services its residential and commercial customers with more than 700 offices and a network of 10,000 active agents throughout the United States, Mexico, Canada, the Caribbean, Central and South America.
GeoData provides title search information through its website at http://www.geodatasearch.com . For information and sales oriented questions directed to GeoData Research Systems Inc, email email@example.com. The telephone number is 239-481-2728.
Souce: LandAmerica Financial Group, Inc.