InfoTrack PTY LTD (InfoTrack) has today announced the acquisition of Scott ASHWOOD PTY LTD (Scott Ashwood), in order to support continued growth of InfoTrack, their expansion into new markets and in preparation for e-Conveyancing in 2014.
InfoTrack acquired nationally based settlement agent Scott Ashwood to ensure a comprehensive national offering for settlements is available to clients across Australia. This also means there are now two companies operating in a market which was previously monopolised.
“This acquisition means as NECDL develop and release the online property exchange platform (PEXA) in the second half of 2014, InfoTrack will be able to provide the market with a single system (the InfoTrack Settlement Hub) to manage all settlements, whether they are available online through PEXA or via a traditional manual settlement.
“Up until this point, there was really only one company who could offer settlement services and we are pleased to be able to offer our current customers a new service and extend the array of services currently in place”, said Stephen Wood, CEO, InfoTrack.
This move will see InfoTrack immediately grow their property settlement offering to over 200,000 settlements annually.
InfoTrack already provides a full national service including all Property related services such as Land Searches, Property Enquiries, Legal Agent Services, Pre-Purchase Reports and Title Insurance. ASIC, Business Names and ITSA services. They are now able to add managing all settlements to their already impressive stable of services offered.
The financial market has needed a competitor who they can outsource settlements and searching services to and this acquisition delivers this vehicle. Scott Ashwood pioneered outsourcing with one of Australia's leading banks and has grown the business by attracting other major financial institutions and representatives of the legal fraternity. Now, with the support of InfoTrack, they are able to make a holistic offering to the broader banking community.
Through the acquisition of Scott Ashwood, InfoTrack will now be able to offer:
- Settlement attendances for mortgage releases, finances and refinances
- Settlement attendance for purchases and sales
- Collection of settlement cheques and banking of funds post settlement
- A complete range of manual services including stamping, lodging, court filing
“To join forces with InfoTrack is very exciting. They are the most innovative company in this sector and a perfect fit for the settlement service which we offer. We look forward to complementing one another and taking giant strides within this market, but most importantly, extending what can now be offered to customers all over Australia”, said Scott Ashwood, General Manager, Scott Ashwood.
InfoTrack and Scott Ashwood intend to provide an unsurpassed level of service at extremely competitive rates and aim to be the number one settlement provider in Australia.
To interview Stephen Wood, CEO, InfoTrack or Scott Ashwood, General Manager, Scott ASHWOOD on this acquisition, please contact Joe Hughes from N O W! Communications on firstname.lastname@example.org or 0423 491 808.
Over 3,600 clients enjoy InfoTrack’s easy to use system, with no upfront or ongoing fees.
InfoTrack’s online system is designed so that you can order, save and distribute your searches and related services quickly, with costs immediately captured and available for billing.
As an information broker focused solely on the searching needs of law firms, InfoTrack is constantly innovating and adding new searches and services to equip their users with the right technology to move into the future. With InfoTrack you can ensure you are ready for e-Conveyancing, as you will be one of the first to have access to the PEXA system (electronic settlements)