FANews
FANews
RELATED CATEGORIES

LexisNexis South Africa to acquire Korbitec

14 October 2015 LexisNexis South Africa

LexisNexis South Africa (LNSA), part of RELX Group, will be acquiring Korbitec (Pty) Ltd from the Naspers Group on 2 November 2015, following approval by the South African Competition Commission and the completion of all other outstanding conditions.

Korbitec is a leading provider of content-enabled workflow solutions for South African property professionals, with two leading products, GhostConvey and Windeed, in addition to its Banking and Municipal services division.

GhostConvey is a conveyancing work-flow system that automates document assembly and correspondence associated with mortgage bond registrations, consents and property transfers.
WinDeed is a comprehensive public records search solution used for property data search and retrieval, asset discovery & tracing, forensics and credit vetting. WinDeed will add to LNSA’s public records search business (DeedSearch).

The acquisition will establish LNSA as the leader in conveyancing solutions in the South African legal market, where conveyancing law firms represent approximately 25% of the total market.

Korbitec has its head office in Cape Town and has a major presence in Johannesburg with smaller satellite offices in Durban, Port Elizabeth, Bloemfontein and East London. Korbitec has about 290 employees.

Quick Polls

QUESTION

The shocking crime and motor vehicle accident statistics shared during a recent SHA presentation suggests that group personal accident and personal accident cover are a no-brainer. Do you agree?

ANSWER

Yes
No
Not sure
fanews magazine
FAnews April 2024 Get the latest issue of FAnews

This month's headlines

FAIS Ombud lashes broker for multiple compliance blunders
TCF… a regulatory misfit initiative?
The impact of NHI on medical malpractice insurance
Fixed versus variable: can you have your cake and eat it too?
The future world of work
Subscribe now