Teranet
- Company typePrivate
- Founded1991
- HeadquartersToronto, Canada
- Headcount501–1,000
- GTM typeB2B
- OfferingSoftware
Teranet firmographics
Firmographics- Name
- Teranet
- Legal name
- Teranet Inc.
- Website
- https://www.teranet.ca/
- Company type
- Private
- Founded year
- 1991
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Ownership category
- akta.pro rank
Teranet industry classification
Industry- Product category
- Land Registry Software
- NAICS
- Web Search Portals, Libraries, Archives, and Other Information Services (519)
- SIC
- Real Estate Agents & Managers (For Others) (6531)
- akta.pro primary industry
- Land Administration & Cadastral Services (Public Land Records, Parcel Management) (BPAIANAH)
Keywords
Where Teranet is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Teranet business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales
Revenue model
- Government Registry Contracts: Long-term government concessions to operate provincial land and commercial registries in Ontario and Manitoba, with the Ontario agreement extended to 2067
- Transaction Fees: Processing fees for land registry transactions, property searches, and document filings through electronic platforms
- Subscription Services: Recurring subscriptions for professional platforms including Teraview, OnLand, GeoWarehouse, PurView, and other data platforms serving legal, financial, and real estate professionals
- Data & Analytics Products: Revenue from property valuation tools (AVM), House Price Index data, property monitoring services, and custom data solutions for financial institutions and government
- Cloud Infrastructure Services: Cost savings from cloud migration ($5.6M CAD capital expenditure savings in 2023) enabling more efficient technology delivery
- Strategic Investment Returns: Returns from strategic investments in legal technology companies like GoVeyance, expanding Teranet's service ecosystem
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise and professional subscription tiers for registry access platforms |
| Usage-based | Pay-as-you-go | AVM and valuation tools for lenders and mortgage professionals |
| Transaction based/ take rate | Pay-as-you-go | Transaction-based fees for property searches and document filings |
Go-to-market motion3 records
Distribution channels9 records
Marketing channels8 records
Teranet product offering
Product offeringCore offering
Teranet develops, operates, and licenses electronic land registration systems and property data platforms for Canadian governments, legal professionals, financial institutions, and real estate practitioners. Its core offerings include Ontario's and Manitoba's land and personal property registries (under long-term government concessions), electronic registration platforms (Teraview, OnLand, Teranet eXpress), geospatial/parcel data products, automated valuation models (AVM, ValueProtect AVM), property monitoring and analytics tools, and a digital conveyancing platform (GoVeyance).
Product overview
Teranet operates a multi-platform portfolio serving Canada's land registry, real estate, financial services, legal, and government sectors. The core offering centers on electronic land registration systems (Teraview®, OnLand®, Teranet eXpress®) for Ontario and Manitoba, supported by geospatial platforms (Teranet Xchange®, Title Data, Ontario Parcel). Financial solutions include valuation tools (AVM, ValueProtect AVM™, LendView™), the Teranet-National Bank House Price Index™, and DataConnect for data integration. Legal solutions encompass the Teranet Undertakings Solution for mortgage discharge automation and the GoVeyance digital conveyancing platform (via partnership with ReadyWhen Tech Inc.). Data & Analytics offerings include TeraIntelligence™, Data Science Lab, and Property Monitoring. The portfolio is delivered through cloud infrastructure (Microsoft Azure) with AI/ML capabilities for process automation and predictive analytics.
Differentiator
Problem solved
Functional benefit
Brands
- Teraview: Online platform for land registry searches and property research in Ontario.
- OnLand
- GeoWarehouse
- PurView
- LendView
- REALM
- Teranet-National Bank House Price Index
- GoVeyance
- Teranet Undertakings
- Teranet Xchange
- ValueProtect AVM
- TeraIntelligence
- Foster Moore
Quantifiable outcome
- CAD 5.6 million capital expenditure savings achieved in 2023 through cloud migration
- +5 more outcomes
Companies that use Teranet
Customer profileNamed customers7 records
Segments6 records
Ideal customer profiles5 records
Teranet technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability8 records
Feature12 records
Teranet partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core, minor and flagship.
- GoVeyance (GoVeyance Leadership)coreTeranet's partnership with GoVeyance includes AI implementation plans for automating document intake and drafting. GoVeyance's CTO Gavin Heer discussed technology strategy including AI plans, with the partnership aiming to expand workflows from British Columbia into Ontario and eventually nationwide, leveraging Teranet's registry data and infrastructure.
- ServiceOntariocoreTeranet operates Ontario's Electronic Land Registration System under long-term concession with ServiceOntario, the delivery arm of the Ministry of Public and Business Service Delivery and Procurement. The partnership expanded Digital Certification technology enabling near real-time automated verification and certification of land registration documents, representing a significant modernization milestone for Ontario's land registry.
- Ministry of Public and Business Service Delivery and Procurement (MPBSDP)coreThe Ministry sets business rules and policy for Ontario's land registration system. Teranet developed Digital Certification technology in collaboration with the Ministry, enabling automated document verification and certification. This government partnership is fundamental to Teranet's core registry operations.
- GoVeyance (ReadyWhen Tech Inc.)coreTeranet made a strategic investment in ReadyWhen Tech Inc., the BC-based company behind GoVeyance, marking Teranet's return to the conveyancing space in Ontario. The platform is recognized in BC for user experience and affordability. The partnership expands Teranet's legal suite of solutions to include practice management tools, aiming to modernize operations for legal professionals and deliver cost efficiencies to homebuyers.
- TRADER CorporationminorTRADER Corporation acquired Collateral Management Solutions (CMS) from Teranet to expand its fintech portfolio alongside Dealertrack Canada. The acquisition enhances lien registration processes and fraud prevention for Canadian lenders. CMS employees transitioned to Dealertrack Canada with no expected service disruption.
- Microsoft AzurecoreTeranet completed a three-year full migration of on-premises systems to Microsoft Azure and Azure Red Hat OpenShift, achieving CAD 5.6 million in capital expenditure savings in 2023. The cloud migration reduced change fail rate to less than 0.5% and increased customer confidence. Teranet continues its cloud-native journey using AI, serverless computing, and machine learning.
- Foster MooreflagshipAcquired by OMERS Infrastructure in 2014, Foster Moore provides commercial registry software solutions to governments internationally, offering operational cost reductions, enhanced security, and process improvements. This extends Teranet's registry solutions globally beyond its Canadian base.
- National Bank of CanadacoreTeranet co-developed the House Price Index with National Bank of Canada, which tracks Canadian residential property values. This partnership positions the index as a leading market indicator used by financial institutions, media, and policy makers. The index declined 0.4% in January, highlighting regional variations across Canada.
Scale indicators13 records
Recent moves6 records
Expansion highlights6 records
Teranet competitors and assessment
Company assessmentBroad incumbents
- Black Knight: A major mortgage technology and real estate data provider in North America; comparable to Teranet in serving lenders with property data, valuations, and workflow software adjacent to the loan origination life cycle.
- HM Land Registry: The UK government-operated land registry that pioneered digital land registration; while it is a public-sector body rather than a commercial operator, it represents the closest functional analogue to Teranet's Ontario/Manitoba ELRS franchise and benchmarks registry modernization outcomes globally.
- Stewart Information Services: A U.S. title insurance and real estate information services company; comparable to Teranet in combining title/registry-grade data with financial services and real estate workflow products, though primarily through insurance rather than a concession model.
- CoreLogic: A large U.S. property data and analytics provider offering AVMs, parcel data, and valuation workflows comparable to Teranet's GeoWarehouse, AVM, ValueProtect AVM and Property Monitoring suites; a broader platform player but the closest U.S. equivalent for the property-intelligence monetization strategy.
- LexisNexis: A global legal, regulatory, and information services provider; overlaps with Teranet in serving legal and financial professionals with subscription-based data and analytics built on authoritative records.
- Wolters Kluwer: A global information, legal, and regulatory services group with property, tax, and compliance data products; comparable to Teranet's broader information-services layer (TeraIntelligence, Data Science Lab) serving professionals in legal and finance.
- First American Financial: U.S. title insurance and real estate data provider; offers data and analytics products built on its title records that compete for the same lender, broker, and capital-markets customers as Teranet's PurView, LendView and DataConnect.
Direct peers
- Dye & Durham: Dye & Durham is the most direct competitor in Canadian legal-tech and registry-data; its 2020 acquisition of Do Process (formerly a Teranet subsidiary) directly targets the same legal, lender, and registry workflow layer that Teranet serves via PurView, LendView, and OnLand.
Regional players
- Toitū Te Whenua / Land Information New Zealand: New Zealand's land information agency, which combines cadastral, title, and property data services; comparable to Teranet's combined registry + geospatial + data-analytics footprint, but in a different geography.
- Registers of Scotland: The Scottish land registry — a public-sector peer operating an electronic land registration system analogous to Ontario's ELRS; serves as a useful functional comparator for registry operations, but operates in a different jurisdiction than Teranet.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Teranet social profiles
Digital presenceTeranet compliance and trust
Trust signalCompliance2 records
Teranet financial estimates
Financial estimateRevenue estimate
Valuation estimate
Teranet leadership team
Management profileNumber of profiles
Profiles12 records
Teranet subsidiaries and ownership
Company hierarchySubsidiaries2 records
Teranet funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Teranet M&A and investment
M&A and investmentM&A3 records
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Teranet
What does Teranet do?
Teranet develops, operates, and licenses electronic land registration systems and property data platforms for Canadian governments, legal professionals, financial institutions, and real estate practitioners. Its core offerings include Ontario's and Manitoba's land and personal property registries (under long-term government concessions), electronic registration platforms (Teraview, OnLand, Teranet eXpress), geospatial/parcel data products, automated valuation models (AVM, ValueProtect AVM), property monitoring and analytics tools, and a digital conveyancing platform (GoVeyance).
Is Teranet a public or private company?
Teranet is a private company. It is classified as corporate owned and is currently operating.
When was Teranet founded?
Teranet was founded in 1991. It employs 501 to 1,000 people.
Where is Teranet based?
Teranet is headquartered in Toronto, Canada, in the North America region.
How does Teranet make money?
Six revenue lines are on record. Government Registry Contracts are the primary driver. The others are transaction Fees, subscription Services, data & Analytics Products, cloud Infrastructure Services and strategic Investment Returns.
Who are Teranet's main competitors?
Broad incumbents on record are Black Knight, HM Land Registry, Stewart Information Services, CoreLogic, LexisNexis, Wolters Kluwer and First American Financial. Dye & Durham is listed as a direct peer. Regional players are Toitū Te Whenua / Land Information New Zealand and Registers of Scotland.
Does Teranet have an API?
No public API is recorded for Teranet.
What industry is Teranet in?
Teranet's product category is Land Registry Software. Its primary akta.pro industry code is BPAIANAH, Land Administration & Cadastral Services (Public Land Records, Parcel Management). Its NAICS code is 519 and its SIC code is 6531.