- CEO
- Ernest Durbin
- Sector
- Industrials
- Industry
- Specialty Business Services
- Address
- 3115 Melrose Drive Carlsbad CA United States of America 92010
- IPO Date
- Sep 9, 2009
- Business
- Clarocity Corporation (CLRYF) designs and develops real estate valuation and report products, including software for residential housing appraisal research in metropolitan areas throughout the United States; a suite of realtor-powered valuation products; and alternative valuation and appraisal fulfillment services through its Clarocity Valuation Services subsidiary. The company's core offerings encompass proprietary platform technologies such as MarketValue Pro (MVP), BPOMerge, BPOLite, BPOPro, and the MVPro product suite, which provide detailed, accurate valuations via a national network of real estate agents and licensed appraisers across all 50 U.S. states. These solutions support asset valuation, loan funding, portfolio securitization, and enhanced efficiency for realtors and appraisers using database technologies and automated valuation techniques.
Founded as Zaio Corporation and renamed Clarocity Corporation in October 2016, the company is a Canada-based software publisher headquartered in Carlsbad, California, with operational capabilities primarily in the United States. It operates in the information technology sector, specifically application software for real estate services, targeting lenders, realtors, appraisers, and financial institutions in the residential housing market.
In 2019, iLOOKABOUT Corp. (ILA) acquired Clarocity's operating assets, including Clarocity Inc., Valuation Vision Inc., and Clarocity Valuation Services LLC, following a non-binding term sheet and letter agreement, integrating them to expand U.S. revenue diversification; this transaction marked a significant strategic shift from independent operations to asset divestiture amid prior financial challenges, including a 2019 receivership process involving debenture defaults. The company reported first quarter results in 2025, reflecting ongoing activities as a reporting issuer in British Columbia post-restructuring. No major partnerships, funding rounds, new product launches, or expansions have been announced in the last 1-2 years.