Teranet grows commercial and registry business through Access Point Information Canada acquisition
TORONTO, ON – December 4, 2019 – Teranet Inc., Canada’s leader in the delivery of statutory registry services, announced today that it has acquired, Access Point Information Canada Ltd. (APIC), a supplier of essential property related information and electronic services
for the conveyance, mortgage (lending) and insurance markets in western Canada and Ontario. APIC’s solutions integrate property and business information processes into a single electronic transaction. “We are pleased to bring together Access Point Information Canada’s portfolio of solutions and Teranet’s expertise in registries, technology solutions and operations,” says Teranet CEO, Elgin Farewell. “This transaction creates synergies that will significantly extend our Real Estate and Government & Utilities services business across Canada.” Teranet, as part of Ontario Municipal Employee Retirement System (OMERS), has been providing reliable property data and insightful solutions to Canadian land professionals since 1991. “It is all about bringing more to our customers,” says Teranet CEO, Elgin Farewell. “Our customers, both existing and new, will benefit as a result of our joint technologies, our focus on customer needs, and Teranet’s long-term investment model.” For more than 25 years, Teranet has connected government, businesses and consumers through the delivery and transformation of registry services, data solutions and e-conveyancing, while always maintaining the highest standards of reliability and integrity.
Teranet is Canada’s leader in the delivery and transformation of statutory registry services with extensive expertise in land and commercial registries. We also market insightful property and data solutions, as well as practice management automation to thousands of customers in the real estate, financial services, government, utilities, and legal markets. Founded in 1991, Teranet operates the Electronic Registration System for the Province of Ontario, and The Property Registry for the Province of Manitoba. Our intention is to extend our registry service offerings to other jurisdictions. We are proud to be recognized as one of Greater Toronto’s Top 100 Employers in 2017 and 2018. Teranet Inc. is 100 percent owned by OMERS Infrastructure, the infrastructure investment manager of OMERS, the pension plan for Ontario’s municipal employees. OMERS is one of Canada’s largest pension funds, with net assets of more than C$85 billion.