May 22, 2014
We are pleased to announce Foster Moore® has formed a strategic partnership with Teranet a Toronto based international leader in electronic land registration.
The acquisition brings an investor with mutual growth objectives, strong operating capabilities in the online government, corporate and other statutory registry sectors that will complement our Catalyst™ Registry Product, which is among the best Commercial Off-the Shelf (COTS) registry solutions in the world.
We are excited about the opportunities this will bring in building our future towards becoming the leading registry supplier globally. With this relationship we can both leverage our experience and expertise to significantly extend the scalability of our businesses in terms of breadth of solutions and geographic regions.
Teranet owns and operates and The Property Registry in Manitoba as well as Ontario’s Electronic Land Registration System, one of the world’s most advanced land registration systems, enabling users to conduct electronic registrations as well as title and writ searches relating to real property.
“We are excited to work with an organization like Foster Moore, who has clearly demonstrated their expertise in the registry space. This will certainly allow Teranet to extend its service delivery capabilities beyond Land, Writs, and the Personal Property Registries by creating access to technology that transforms Business, Secured Transaction, and Occupational Registries.” said Lawrence Franco, President of Value Added Commercial Solutions at Teranet.
We have major government contracts in New Zealand, North America, and South East Asia. We will continue to operate as an independent company with no anticipated impacts to our operations or Teranet customers.
As an international leader, developer and implementer of online registry solutions including Business, Secured Transaction, and Occupational Registries, we have gained credibility in the registry industry with its strong products and domain expertise. Our Catalyst™ Registry Product ensures fast and cost-effective deployment, significant operational efficiencies, and a superior user experience.