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SpatialNews Press Release
Teramedia Wins NLIS License
Teramedia Limited has signed a licence issued by the Local Government
Information House (LGIH) to provide National Land Information Service
(NLIS) channel services. The licence gives Teramedia the right to deliver
government data to property professionals for a minimum of seven years.
Teramedia expect to launch their NLIS branded services in the Spring of
2001.
Teramedia’s existing service, Territorium, was launched in May of this year. It
provides a technology backbone joining together estate agents and
conveyancers so they can work more effectively with each other and their
clients. The NLIS licence now allows Teramedia to provide a complete
solution to conveyancing professionals. In addition to providing a working
environment, Teramedia will be one of only a small number of companies who
will collectively enable on-line access to government data sources such as
Local Land Charges from Local Authorities and search information from Her
Majesty’s Land Registry. Territorium will also allow for the inclusion of both
surveyors and lenders, so they can benefit from the information NLIS
provides, especially in support of re-mortgaging and Seller’s Information
Packs.
Steven Foster, Teramedia’s CEO, said “I am delighted that we have been
able to conclude the negotiation process to secure an NLIS licence. This
award is the culmination of many years of hard work, by the staff of
Teramedia, our investors, our consortium partners and the NLIS Team. We
can now go forward with confidence and build a system that will deliver cost
effective electronic conveyancing services to property professionals
nationwide.”
NLIS is seen by many in government as one of the lead initiatives in Tony
Blair’s Modernising Government agenda. NLIS will soon provide access to the
land and property databases held within hundreds of government bodies, so
they can be ‘searched’ electronically. This will quickly lead to faster, smoother
and more certain property conveyancing for both the property professional
and a more enjoyable experience for the house buying public.
To visit the Territorium site go to: www.territorium.co.uk
The Teramedia Consortium brings together a world class team to deliver
NLIS. The Consortium has experience of working with Government and
within the private sector to deliver high quality solutions. All the Teramedia
Consortium members have direct experience of working on projects which
share technology and business processes with NLIS:
KPMG is one of the world’s leading consultancy providers. It was
commissioned to write the 1996 NLIS feasibility study and KPMG Canada
was involved in the establishment of Teranet;
Intergraph is one of the world’s leading GIS technology developers.
Intergraph provided technology solutions for the NLIS pilot in Bristol;
Teranet was formed specifically to deliver electronic land registry services
and a series of value-added e-commerce products to the legal, financial and
real estate sectors in the Province of Ontario, Canada;
Compaq is a major supplier of Government IT systems and is the HM Land
Registry supplier for infrastructure services. Compaq also has extensive
experience in implementing large systems in other industry sectors, such as
finance and telecommunications.
Oracle is the world’s largest information management and software company.
Oracle powers 10 out of 10 of the largest e-commerce sites and 9 out of 10 of
the largest e-business sites. Oracle is increasingly recognised as the
technology and advice provider for companies wishing to become established
in e-business as 70% of all e-commerce sites run on Oracle technology;
Cisco Systems is the leading global provider of internet working solutions for
corporate Intranets and the global Internet. Its solutions are the internet
working foundation of thousands of companies, universities, utilities, and
government agencies world-wide.
In addition to its core partners, Teramedia has developed relationships with a
number of other affiliates, which have roles to play in the end-to-end solution
of NLIS.
For further information, interviews, photographs or a bromide of the TM logo
please contact:
Jilly Oxlade
Teramedia Ltd
Tel: 01793 492476
Fax: 0870 7410426
E-mail: marketing@teramedia.co.uk
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