Alex Simani is the co-founder of TitleCapture. He explains how TitleCapture's initial customer retained the service even after being bought by industry giant First American.
Opinion
Alex Simani Says TitleCapture Is Worth $60M-$80M to a Strategic Buyer
“We were actually doing the math. I'm not going to name any names, but we realized that for one of our partners, a buyout would be in the range of 60 to eighty million. You know, that would be fair value to them. Actually, that would be a discount, you know, so…”
Disclosure
TitleCapture Explored Raising Capital to Buy a Distressed Insurance Underwriter
“We've actually discussed Finding a distressed insurance underwriter that we could buy, you know, that we would need an investor. Obviously we would need, you could take outside money by that distressed underwriter and use our technology, right. To position it,…”
Disclosure
TitleCapture Launched by Selling First Client a $1,000 Monthly Lifetime Deal
“And we do the homework and we propose to them, Hey, you don't have to pay us hundreds of thousands of dollars, just pay us a thousand dollars a month, you know, going forward and we'll cap it lifetime deal and we'll build it, but we're going to own it. And the…”
Assertion Not checkable as stated
TitleCapture Has Signed 1,500 Agencies Out of a 13,000 Total Market
“We have signed up of 1500 title agencies thus far. The market in total is 13,000.”
Assertion Not checkable as stated
TitleCapture Has 1,000 Active Paying Accounts After Factoring in Churn
“We've signed up 1500. And when you take out the churn companies I don't know, we're about around the thousand active.”
Assertion Not checkable as stated
TitleCapture Revenue Grew Just 6% in 2022
“One year ago, we were six percent less, because I remember the growth in 20, 22 was six percent.”