U.S.-based, CoreLogic, has announced that it would buy Australian real estate information company, RP Data for $191 million or about AU$1.65 per share in addition to a 5 cents per share dividend.

Data aggregator CoreLogic manages information on various topics including criminal cases, payday lending, mortgage applications and tax records; offering its data and services for government and businesses. It already has a 40 percent stake in Brisbane-based RP Data, which specializes in property data for the Australian and New Zealand market and serves more than 10,000 clients.

RP Data Chairman Ian Fraser said, “RP Data is a company with great intellectual property, excellent products and services. It has an outstanding management team which has grown the business on customer-led principles and innovation. The independent directors recommend that our shareholders vote in favor of the CoreLogic proposal.”

CoreLogic initially began under First American Corp. until it was recently launched as a separate entity in the New York stock exchange. It currently has more than 10,000 employees and earns $2 billion per year.

"The Asia-Pacific region represents an attractive long-term growth opportunity for CoreLogic and we believe the RP Data acquisition is an integral part of that growth strategy," said CoreLogic president and chief executive Anand Nallathambi in a statement.

The takeover deal will be finalized by the second quarter of 2011.