InfoTrack is preparing for a first-half 2017 listing on the Australian Securities Exchange, as revealed by Street Talk on Tuesday.
The conveyancing and legal services technology group deferred its float plans in May, but was expected to get back in front of potential listed equity investors next year, pending market conditions.
While there are no immediate plans for a non-deal roadshow, advisers Lazard Australia and Goldman Sachs are expected to revisit the market in terms of investor education in the first quarter of 2017 given the slowdown in volume of property transactions.
Sources said InfoTrack continued to grow at 20 per cent-plus per annum and would target a $1 billion plus enterprise value.
InfoTrack owns a software as a service platform that provides intelligent search and automated workflow for more than 6000 professionals in the banking, finance, legal and government sectors.
It is an Australian born company with a 16-year history, and in investor meetings earlier this year said it had the largest information product offering in Australia.
The company is run by John Ahern and chief financial officer Tony Ghiazza, while Stephen Wood is chairman of the InfoTrack group of companies.
As revealed by this column, InfoTrack, which has some high-profile private equity backers, put a proposal to SAI earlier this year to buy its mortgage processing business, which handles about 55 per cent of all settlements for Australia's big banks.
But that proposal was understood to be highly conditional and then pushed off the table by SAI when Baring submitted a $1.1 billion recommended offer in September
