Welcome!

News Feed Item

Acquisition of an Interest in Foster Moore International Limited Expands Teranet's Strategic Offerings

Milestone investment expands Teranet's registry offerings

TORONTO, ONTARIO -- (Marketwired) -- 05/18/14 -- Teranet President and CEO Elgin Farewell, and Lawrence Franco, President of Value Added Commercial Solutions at Teranet, jointly announced that as of May 15, 2014, an affiliated entity to the company has acquired an interest in Foster Moore International Limited (FMIL), a New Zealand based global market player in the government registry sector.

As an international leader, developer and implementer of online registry solutions including Business, Secured Transaction, and Occupational Registries, the Foster Moore business gained credibility in the registry industry with its strong products, domain expertise, and through a successful relationship with its foundational client, the Ministry of Business, Innovation and Enterprise (MBIE) in New Zealand. FMIL's Catalyst Registry Product is among the best Commercial Off-the-Shelf (COTS) registry products in the world, which can be easily configured to meet the full and unique needs of each jurisdiction. The Catalyst Registry Product ensures speedy and cost-effective deployment, significant operational efficiencies, and a superior user experience.

FMIL holds major government contracts in New Zealand, North America, and South East Asia. FMIL will continue to operate as an independent company with no anticipated impacts to customers of Teranet or FMIL.

An investment in FMIL creates significant strategic value for Teranet, enhancing its value proposition to governments. This investment grants Teranet direct access to capabilities that complement Teranet's end-to-end statutory registry service delivery capabilities and direct access to technologies that can expedite the modernization of registry systems for governments.

"We are excited to work with an organization like Foster Moore, who has clearly demonstrated their expertise in the registry space," said Lawrence Franco, President of Value Added Commercial Solutions at Teranet. "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."

"This strategic investment with Teranet is fantastic for Foster Moore and we are all looking forward to building our future together. This partnership will help Foster Moore move towards becoming the leading corporate registry supplier globally," said Joel Foster, Chief Executive of Foster Moore International Limited. "With this relationship, Foster Moore and Teranet can leverage our experience and expertise to significantly extend the scalability of our businesses in terms of delivery and geographic regions."

This investment follows the recent announcement of Teranet's acquisition of The Property Registry in Manitoba, highlighting Teranet's commitment to expand its registry expertise to different jurisdictions.

An international leader in electronic registration, Teranet has provided land registration and writ services on behalf of the Government of Ontario for the past two decades. Ontario was the first jurisdiction in the world to provide electronic registration of land-related documents, which enhances security, improves the accuracy and integrity of the land registry database and improves the efficiency for all stakeholders. In 2010, the Province of Ontario renewed its long-standing business partnership with Teranet by extending its exclusive licenses for an additional 50 years.

About Teranet

Founded in 1991, Teranet owns and operates 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. Teranet also owns and operates The Property Registry in Manitoba, providing advanced land and personal property security registration and search services. Teranet's comprehensive suite of related data products have fundamentally increased the real estate industry's ability to provide efficient and secure services to the public. Teranet has built a well-established customer base and strong brand confidence, providing electronic services to over 81,000 end users including lawyers, paralegals, real estate brokers and agents, search houses, title insurers, financial institutions, governments, police services, utilities, surveyors, credit unions, investigators and appraisers. Teranet is managed by Borealis Infrastructure, a leader in direct infrastructure investing with well over a decade of investment experience. With offices in Toronto, London, New York and Sydney, Borealis is the infrastructure investment arm of OMERS, one of Canada's largest pension funds with net assets of more than $65 billion and an AAA credit rating. As at December 31, 2013, Borealis manages net assets of approximately $11.6 billion on behalf of OMERS through investments in a diversified portfolio of large-scale infrastructure assets exhibiting stability and strong cash flows, in sectors including energy, transportation and social infrastructure. For more information about Teranet, visit www.teranet.ca.

About Foster Moore

Foster Moore specializes in implementing electronic registry solutions. Since the launch of the first electronic company search in 1995 our company has built over 30 different types of registers. Foster Moore developed and supports all statutory registries for the New Zealand Ministry of Business, Innovation and Employment, including the Companies Office platform launched in June 2010. Based on the know-how and learning accrued from over 20 years' experience in registry design and development, Foster Moore has developed a dedicated registry solution, Catalyst The Registry Manager™. With configurable registry templates to provide different levels of functionality and meet the specific needs of individual jurisdictions. Foster Moore are currently running projects in NZ, Australia, South Pacific, Asia, South Africa and Canada. Since 2009 Foster Moore has been developing its activities and opportunities in the global registry marketplace. Delivering projects from a range of satellite offices that are established to support specific customers and projects. For more information about Foster Moore, visit www.fostermoore.com.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
"I think DevOps is now a rambunctious teenager – it’s starting to get a mind of its own, wanting to get its own things but it still needs some adult supervision," explained Thomas Hooker, VP of marketing at CollabNet, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We are still a relatively small software house and we are focusing on certain industries like FinTech, med tech, energy and utilities. We help our customers with their digital transformation," noted Piotr Stawinski, Founder and CEO of EARP Integration, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We've been engaging with a lot of customers including Panasonic, we've been involved with Cisco and now we're working with the U.S. government - the Department of Homeland Security," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"DivvyCloud as a company set out to help customers automate solutions to the most common cloud problems," noted Jeremy Snyder, VP of Business Development at DivvyCloud, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We're here to tell the world about our cloud-scale infrastructure that we have at Juniper combined with the world-class security that we put into the cloud," explained Lisa Guess, VP of Systems Engineering at Juniper Networks, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Your homes and cars can be automated and self-serviced. Why can't your storage? From simply asking questions to analyze and troubleshoot your infrastructure, to provisioning storage with snapshots, recovery and replication, your wildest sci-fi dream has come true. In his session at @DevOpsSummit at 20th Cloud Expo, Dan Florea, Director of Product Management at Tintri, provided a ChatOps demo where you can talk to your storage and manage it from anywhere, through Slack and similar services with...
"At the keynote this morning we spoke about the value proposition of Nutanix, of having a DevOps culture and a mindset, and the business outcomes of achieving agility and scale, which everybody here is trying to accomplish," noted Mark Lavi, DevOps Solution Architect at Nutanix, in this SYS-CON.tv interview at @DevOpsSummit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We were founded in 2003 and the way we were founded was about good backup and good disaster recovery for our clients, and for the last 20 years we've been pretty consistent with that," noted Marc Malafronte, Territory Manager at StorageCraft, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We are an IT services solution provider and we sell software to support those solutions. Our focus and key areas are around security, enterprise monitoring, and continuous delivery optimization," noted John Balsavage, President of A&I Solutions, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We provide IoT solutions. We provide the most compatible solutions for many applications. Our solutions are industry agnostic and also protocol agnostic," explained Richard Han, Head of Sales and Marketing and Engineering at Systena America, in this SYS-CON.tv interview at @ThingsExpo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We want to show that our solution is far less expensive with a much better total cost of ownership so we announced several key features. One is called geo-distributed erasure coding, another is support for KVM and we introduced a new capability called Multi-Part," explained Tim Desai, Senior Product Marketing Manager at Hitachi Data Systems, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
There is a huge demand for responsive, real-time mobile and web experiences, but current architectural patterns do not easily accommodate applications that respond to events in real time. Common solutions using message queues or HTTP long-polling quickly lead to resiliency, scalability and development velocity challenges. In his session at 21st Cloud Expo, Ryland Degnan, a Senior Software Engineer on the Netflix Edge Platform team, will discuss how by leveraging a reactive stream-based protocol,...
SYS-CON Events announced today that Calligo, an innovative cloud service provider offering mid-sized companies the highest levels of data privacy and security, has been named "Bronze Sponsor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Calligo offers unparalleled application performance guarantees, commercial flexibility and a personalised support service from its globally located cloud plat...
DevOps at Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to w...
Internet of @ThingsExpo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devic...