Real estate-focused fintech firm Tomo Networks announces Stamford HQ plans

STAMFORD — Tomo Networks, a new financial-technology firm focused on the real estate industry founded by two former Zillow executives, has announced it will be headquartered in Stamford, with plans to create several-dozen local jobs.

Company executives said they see southwestern Connecticut as an ideal location for recruiting talent for a startup that aspires to be for residential real estate what PayPal is for e-commerce. Bolstering its prospects, the firm has raised $40 million in a seed round of investing.

“We think we can build an attractive proposition in Connecticut — in Stamford — and get some talent to jump on the train or live in Connecticut,” Tomo co-founder and CEO Greg Schwartz said in an interview. “We’re really excited to build a destination fin-tech internet company, with a whole bunch of innovation in Connecticut. We haven’t picked an office location yet, but we’ll probably do something in Harbor Point

Read More

Real estate fintech CoreLogic receives multiple potential bids at more than $80 a share, sources say

Property data and analytics firm CoreLogic has received multiple potential takeover bids that value the company at north of $80 a share, sources tell CNBC’s David Faber.

Corelogic receives potential bids at more than $80 per share, sources tell CNBC



The multiple parties interested in pursuing a deal with CoreLogic include private equity firms, Faber reported citing sources familiar with the talks. The company has already signed a non-disclosure agreement with at least one potential buyer, the people said.


Load Error

People familiar with the talks said CoStar Group could be one of the potential bidders.

CoreLogic confirm later on Wednesday that it is “engaging with third parties indicating preliminary interest based on public information in the potential acquisition of the Company at a value at or above $80 per share.”

“No decision has been made to enter into a transaction at this time, and

Read More