LexisNexis Enterprise Solutions and Coadjute join forces to facilitate the digital transformation of the real estate market

Coadjute, the blockchain network for the real estate market that transforms the ease and speed of buying a home, has partnered with LexisNexis Enterprise Solutions, a leading provider of a flexible technology platform that optimizes service delivery legal, as its national roll-out continues.

The landmark strategic alliance is an important development for the Coadjute network – which launched in July last year – as it seeks to improve the home buying experience across the UK.

With both organizations committed to improving the outcomes and efficiency of the home buying process, the opportunity to unify the best of process automation and optimization with the underlying highway of blockchain has the real potential to transform the way home buying and selling is delivered.

Together, they can help address long-standing challenges in real-time communication and secure data sharing among multiple stakeholders.

LexisNexis Enterprise Solutions and Coadjute unveiled the new strategic alliance today at the Bold Legal Group Summer Conference in Regents Park, London, during a keynote entitled “Embracing Digitalisation: The Risks and Opportunities Presented by new technologies “.

Simon Farthing, Sales and Marketing Director, LexisNexis Enterprise Solutions, said:

“As a leading technology provider to the real estate industry, innovation is essential to staying at the forefront of the legal industry. We are therefore delighted to have established an exciting strategic alliance with Coadjute.

“Together, we will strive to accelerate the digitization of the real estate market to ensure a smoother transaction process through interactive online engagement, fewer staggered touchpoints and greater efficiency in the property transfer process.

“The days of a partially digitized real estate transaction process are numbered, and we look forward to partnering with Coadjute and leveraging our combined depth of experience and capability to transform the way transfer services are delivered.”

A connection to the Coadjute Network will enable LexisNexis Enterprise Solutions to offer customers the ability to participate in next-generation, multiparty digital workflows that span multiple systems and enterprises, leveraging a true digital marketplace.

Dan Salmons, CEO of Coadjute, said:

“We couldn’t be more thrilled to partner with LexisNexis. They have always been at the forefront of digital transformation by helping conveyancing companies digitize and transform their internal operations to optimize the service they provide to consumers.

“The potential for this relationship is enormous, and not just for LexisNexis clients, but also for the broader impact it will have on the digitalization of the real estate market.”

Cécile Papin, Partner Lead, Conveyancing, Coadjute, said:

“This new development brings together LexisNexis technology and our innovative network so that users of the LexisNexis platform can benefit from a wide range of new connected capabilities.

The announcement of this strategic alliance follows last year’s £6m funding round for Coadjute, led by Praetura Ventures and backed by several US and European VCs. This investment paved the way for the organization to grow its sales and marketing activities and operations team, integrating mortgage brokers and lenders into the network and introducing new services such as the digital identity movement, mortgage funds and title deeds.