First American Financial Corp. (NYSE: FAF) is buying analytics group Interthinx Inc. for $155 million.
Interthinx, headquartered in Agoura Hills, Calif., provides services that aim to help clients minimize risk, increase operational efficiencies, satisfy regulatory requirements and manage data verification. The company develops FraudGuard, a mortgage-fraud analytics tool.
Santa Ana, Calif.-based First American provides title insurance, settlement services and risk services to real estate clients. The acquisition will allow the company to offer clients more fraud, validation and compliance services.
Bank of American Merrill Lynch is First American’s financial adviser, while McGuireWoods LLP is legal counsel.