ChoicePoint ( CPS), a provider of identification and credential verification services, announced Monday, the acquisition of Insuratec, a provider of lien holder and mortgagee notification services to the property and casualty insurance industry, for an undisclosed amount.

Insuratec, on behalf of insurance clients, notifies automobile finance companies and mortgage lenders of material changes to insurance policies.

Through the acquisition of Insuratec, ChoicePoint has expanded its financial institution reporting system service created earlier this year with the acquisition of Elios.

The transaction is not expected to have a material impact on ChoicePoint's financial results, the company said.
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