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tmGroup, a major provider of property data and technology solutions, has announced the acquisition of Veya, a title deed analysis and early warning platform.
This strategic acquisition comes after the business recently announced the launch of its new brand strategy, identity, and website.
Veya provides title deed analysis technology that helps legal professionals, estate agents, and mortgage brokers better understand property complexities earlier in the transaction process.
By modelling Land Registry title documents, Veya assigns a complexity score to each property, offering an early warning system to conveyancers, introducers, and consumers. This improves transparency, aims to reduce fall-throughs and delays, informs decision-making and enhances risk management across residential property transactions.
The acquisition of Veya aligns with tmGroup’s strategy to be the leading technology and platform provider for the conveyancing industry, adding real value to property professionals by reducing fall-through rates, accelerating transaction speed, and enhancing risk management processes.
As well as being fully integrated into tmGroup’s technology stack, Veya will be available as a white-labelled solution for key partners and integrated into Verify365.
Thomas Maerz, CEO of tmGroup, commented: “The acquisition of Veya is a natural step forward for tmGroup as we continue to expand our data and technology-driven solutions for the property industry. Veya’s innovative title deed analysis enhances our existing offerings and aligns perfectly with our mission to streamline workflows, reduce risk, and improve transparency in conveyancing. We are excited to welcome Veya to tmGroup and look forward to investing in its future development. Our focus is to empower our clients with the tools they need to reduce fall-throughs, speed up transactions, and deliver real value and revenue growth for them.”
John McAuley, CEO of Veya, which will continue to operate as a standalone platform within the tmGroup house of brands, added: “Since launching Veya in 2019, our focus has been on bringing greater visibility to title deed complexities and supporting legal professionals with early risk identification to reduce fall-throughs, speed up case progressions, and win more instructions for legal professionals. Joining tmGroup enables us to accelerate our growth and enhance our offering, ensuring even more professionals benefit from Veya’s insights. We are thrilled about this next chapter and the opportunities it brings for our clients and the wider property industry.”
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