Black Knight Strengths, Domain Expertise, and Key Differentiators
Black Knight, is a provider of integrated software, data and analytics solutions that facilitate and automate many of the business processes across the homeownership life cycle. Black Knight is committed to being a premier business partner that clients rely on to achieve their strategic goals, realize greater success and better serve their customers by delivering best-in-class software, services and insights with a relentless commitment to excellence, innovation, integrity and leadership.
Black Knight Recent Developments
In September 2021, Black Knight launched LoanCatcher, an innovative, easy-to-use loan origination system (LOS) designed specifically for the needs of mortgage brokers. Entirely cloud-based, LoanCatcher gives brokers affordable access to the same level of technology leveraged by the nation's largest and most successful lenders. Any internet-connected device can access the browser-based system, so that brokers can focus on their business and borrowers. Built on the foundation of the NexSpring LOS acquired by Black Knight in March, the LoanCatcher LOS features significant enhancements, including integrations with systems and solutions across Black Knight's powerful origination ecosystem.
Black Knight Mergers and Acquisitions (M&A) Activities
In September 2023, Intercontinental Exchange, Inc. (NYSE: ICE), a provider of data, technology, and market infrastructure, and Black Knight, Inc. (NYSE: BKI), a software, data and analytics company that serves the housing finance continuum, including real estate data, mortgage lending and servicing, as well as the secondary markets, today announced that ICE has completed its acquisition of Black Knight.
In July 2021, Black Knight, software, data and analytics provider to the mortgage and consumer loan, real estate and capital markets verticals, completed its acquisition of Top of Mind Networks (Top of Mind). Top of Mind is the creator of Surefire, a mortgage industry-specific customer relationship management (CRM) and marketing automation system.
Earlier this year, In March 2021, the analytics behemoth acquired a cloud-based loan origination system from NexSpring Financial in an effort to expand its broker product offerings.
In August 2020, Black Knight acquired DocVerify to boost its e-notarization abilities as part of its goal of “digitizing the entirety of the real estate and mortgage continuum.” At the time of the acquisition, Black Knight said it planned to eventually offer a 100% digital closing. In July 2020, the company acquired Optimal Blue just weeks after it reported it was up for sale for $1.8 billion and combined Optimal Blue’s PPE capabilities into its offerings and analytics engine.
Black Knight Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Black Knight applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Black Knight and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Optimal Blue, Black Knight’s Expedite Close, Black Knight Rapid Analytics Platform (RAP) customers.
Black Knight Overview
601 Riverside Avenue
Jacksonville, FL, 32204, United States
1 904-854-5100
https://www.blackknightinc.com/
Ownership: - NYSE: ICE
Number of Employees: 5700
Functional Markets: Analytics and BI, Content Management, CRM, ERP Financial, ERP Services and Operations, TRM,
Key Verticals: Banking and Financial Services, Real Estate, Federal Government,
Black Knight Key Enterprise and Cloud Applications
Optimal Blue, Black Knight’s Expedite Close, Black Knight Rapid Analytics Platform (RAP)
Black Knight Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Black Knight Revenue Breakdown By Type, $M:
Black Knight Enterprise Applications Revenues By Functional Markets, $M:
Black Knight Enterprise Applications Revenues By Verticals, $M:
Black Knight Revenues By Region, $M
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Black Knight Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Black Knight Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Black Knight Customers
No. of Black Knight Customers: x
No. of Black Knight Enterprise Applications Customers: x
No. of Black Knight Cloud Customers: x
No. of Black Knight Cloud Subscribers: x
Customers rely on Black Knight’s innovative solutions including high-performance origination, servicing and default technologies, and powerful data and analytics solutions that leverage Black Knight’s vast public records, MLS and mortgage-performance data assets. Through innovative capabilities such as artificial intelligence, a mobile servicing app, a powerful virtual analytics lab, game-changing eClosing solution, actionable analytics for all client organizational levels and more, Black Knight is successfully helping customers drive financial growth, retain more clients, improve efficiency and reduce risk.
Black Knight Market Opportunities, M&A and Geo Expansions
Black Knight's Optimal Blue PPE has been enhanced to add support for construction-only and construction-to-permanent loans. The Optimal Blue PPE’s broad-reaching functionality helps lenders access hundreds of investors and thousands of products for any mortgage financing scenario. Through this new capability, lenders can now also process construction loans directly within the solution, contributing to deeper efficiency and automation, as well as more seamless flow of data.
In 2019, Black Knight, develpoed The Actionable Intelligence Platform (AIP) to consolidate the company’s wide breadth of industry data with proprietary analytics into one unified delivery framework. The AIP delivers strategic, proactive and actionable analytics to the right people across an organization to help executives, managers and employees know the right actions to take at the right time. AIP also supports data analysts by providing faster insights that can be leveraged for lead generation, retention and other use cases.
Black Knight Risks and Challenges
Black Knight's clients are in a relatively consolidated industry and, as a result, a small number of Black Knight's clients have accounted for a significant portion of thier revenues. Black Knight expects that a limited number of their clients will continue to represent a significant portion of Black Knight's revenues for the foreseeable future. The significant portion of Black Knight's revenues that a limited number of Black Knight's clients currently represent may increase in the future. During the year ended December 31, 2020, Black Knight's five largest clients accounted for approximately 30% of their consolidated revenues.
Black Knight Ecosystem, Partners, Resellers and SI
Black Knight uses the Apigee API Management Platform from Google Cloud to conquer an ecosystem of partners, developers, and customers.Black Knight has more than 150 client-facing applications. Almost half of them now are built with APIs that are externally facing, and many of these apps use APIs that integrated with other Black Knight applications. Add to that the huge number of applications out there that come from clients and third-party vendors.
Black Knight Cloud Infrastructure Insights
Subscribe to read more about:
- Black Knight Public Cloud and Infrastructure (IaaS)
- Black Knight Platform (PaaS)
- Black Knight Application Delivery
- Black Knight Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
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