Leading NZ Registry company forms international partnership
Leading New Zealand Registry company forms international partnership
Significant milestone drives Foster Moore’s growth
Foster Moore International Ltd, a
New Zealand based specialist Registry Company, has today
announced a strategic partnership with Teranet – a Toronto
based international leader in electronic land
Joel Foster, founder and Chief Executive of Foster Moore International Ltd (FMIL) said the acquisition brings a strategic investor with mutual growth objectives, strong operating capabilities in the online government, corporate and other statutory registry sectors that will complement FMIL’s Catalyst Registry Product, which is among the best Commercial Off-the Shelf (COTS) registry solutions in the world.
“We are excited about the opportunities this strategic investment partnership with Teranet will bring and we all look forward to building our future together towards becoming the leading corporate registry supplier globally. With this relationship we can both leverage our experience and expertise to significantly extend the scalability of our businesses in terms of breadth of solutions and geographic regions,” said Joel Foster.
Teranet owns and operates and The Property Registry in Manitoba as well as 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.
“We are excited to work with an
organization like Foster Moore, who has clearly demonstrated
their expertise in the registry space. 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.” said
Lawrence Franco, President of Value Added Commercial
Solutions at Teranet.
FMIL has major government contracts in New Zealand, North America, and South East Asia. It will continue to operate as an independent company with no anticipated impacts to FMIL or Teranet customers.
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. FMIL’s Catalyst Registry Product ensures fast and cost-effective deployment, significant operational efficiencies, and a superior user experience.