Fidelity National Information Systems acquires DPN

Real Estate Weekly, May 28, 2003

Fidelity National Information Solutions, Inc. announced the acquisition of DPN, Inc., a leading provider of broker back office and accounting systems to the real estate industry.

DPN provides a robust suite of broker back office management, integrated accounting applications, transaction management, marketing, publishing and automated real estate listing download capabilities. DPN's integrated business management and accounting capabilities also include general ledger, accounts payable, accounts receivable, sales contract processing and commission processing. Optional modules include fixed asset management, inventory control, payroll, human resources, relocation and property management systems. DPN systems are used by over 30 of the top 100 real estate brokerage firms nationwide, with 65 real estate companies employing more than 40,000 real estate agents. "We are excited to align ourselves with an industry leading back office technology provider like DPN, said Patrick F. Stone, chief executive officer. "The business, technology and integration synergies between DPN and ENIS are exciting."

FNIS will rapidly move to integrate DPN's technology and products with the FNIS Real Estate Suite of products. This will include the integration of FNIS AgentOffice, BrokerOffice and FNIS Internet Marketing Suite with DPN's back office management and accounting platform. This integration will reduce costs, eliminate re-keying, lower complexity and improve financial management for real estate brokers and agents.

"The DPN acquisition will accelerate FNIS' ability to provide a unified end-to-end technology, business and financial management platform for real estate brokers and agents," said Dwayne Walker, president and chief operating officer. "DPN's products and customer base will allow FNIS to expand market share and facilitate the release of new products and services, including full outsourcing services for real estate companies."

"DPN will continue our long standing commitment to customer support and software integration while providing new and exciting products and services to our clients," said Dan Lowell, president of DPN. "Joining FNIS will allow DPN to develop an ASP model to meet the needs of the smaller brokers with back office solutions that are currently enjoyed by our top brokers."