First American Buys Stake in Net Firm

First American Financial Corp. said Tuesday that it has acquired a minority interest in a Philadelphia Internet provider of business-to-business automotive data fulfillment services.

Financial terms with Vintek Inc. were not disclosed.

First American, which operates the nation’s largest title insurer, did say in a press release that it also acquired options that allow for the purchase of a majority interest of Vintek’s equity over the next few years.

The Santa Ana company said Vintek provides Internet-based services involving the identification, titling and valuation of motor vehicles. The services are for automotive electronic retailers, finance companies, state motor vehicle agencies and other auto industry related companies.

Specifically, the services provide automotive e-commerce companies with the ability to complete the purchase of a vehicle sold on the Internet.