Old Republic National Title Holding Company Acquires Kaspar& Associates Title Search Firm
|January 13, 2004|
MINNEAPOLIS,? Old Republic Title has acquired Kaspar& Associates, Inc. and Kasparnet, LLC in Medina, Ohio, the largest independent real estate title search company in the state of Ohio, providing title search and research services throughout Ohio's 88 counties.
Over the years, Kasparnet has developed a leading title search software platform that enables their customers to order and manage searches over the Internet, including report status and data retrieval.
The acquisition of Kasparnet will expand Old Republic Title's ability to provide electronic search capabilities and enhance its commitment to reducing the time and cost of the real estate and mortgage transaction for the consumer.
The Kasparnet unit will become part of Old Republic Title's East Central Division. Jim Stipanovich, Vice President of the division, said, ?The acquisition of Kasparnet adds a unique aspect of functionality to our search capabilities and will allow us to not only deliver searches completely electronically, but expand our services to title agents.?
Amy Kaspar , who will remain with Kasparnet as President and CEO, said, ?We are very excited and energized about our new affiliation with such an outstanding organization. Since 1980, we have grown steadily to become the premier title-research company in the state of Ohio . We have a great respect for Old Republic Title and their organizational spirit. It is a perfect complement to the Kasparnet team. With new resources from Old Republic , we look forward to expanding our title research, management and production services for all of our customers.?
Source: Old Republic Title Insurance Group