Ideanomics Signs Definitive Agreement to Acquire Cash Flow Positive Timios
Timios has 285 employees and $60 million in revenues year to date.
Timios, a nationwide title and settlement solutions provider, has been expanding in recent years through offering innovative and freedom-of-choice-
Ideanomics expects that Timios will become one of the cornerstones of Ideanomics Capital, the Company's fintech business unit, which focuses on leveraging technology and innovation to improve efficiency, transparency, and profitability for the financial services industry. Timios combines difficult to obtain licenses, a knowledgeable and experienced team, and a scalable solutions platform to deliver best-in-class service through both centralized processing and a localized branch network. Ideanomics will assist Timios in scaling its business in various ways, including referring client acquisition and product innovation.
Founded in 2008 by real estate industry veteran Trevor Stoffer, Timios' vision is to bring honesty and transparency to real estate transactions. Mr. Stoffer, who currently serves as Timios' Chairman of the Board, believes that the real estate process has been overly complicated to the detriment of consumers and commercial clients. The company offers title and settlement, appraisal management, and real-estate-
"As we move into an unprecedented era of data-driven real estate transactions, Timios intends to continue to shepherd our customers through this significant transformation in the real estate industry by providing transparency and simplification,"
Timios has introduced significant product and service level improvements, becoming an innovator in the real estate title and escrow services industries - markets poised for technology disruption. Its proprietary tools eliminate tedious calculations and provide increased pricing transparency to the benefit of all parties in a transaction;
For more information, visit: ideanomics.com or timios.com