Atlanta-based Intercontinental Exchange has agreed to buy Black Knight, a real estate analytics company, for $13.1 billion, according to a news release from the companies.
Black Knight offers a wide array of software and data and analysis for companies in real estate and housing finance. The company says its products lower costs and enable clients to grow with less risk.
The acquisition is meant to mesh with ICE's own business in technology for the mortgage loan market, said Jeffrey Sprecher, the firm's chair and chief executive, in a statement.
