Figurine has acquired significant assets from ResiSharesincluding its analytics platform and proprietary technology – a move aimed at expanding ATTOM’s data analytics capabilities in the real estate sector.
The acquisition brings ResiShares’ forecasting models and analytics tools to ATTOM’s national data platform, covering most U.S. properties.
Financial terms of the deal were not disclosed.
“ResiShares meaningfully strengthens ATTOM’s competitive position and further differentiates us in a dynamic market,” said Rob KapperCEO of ATTOM. “This acquisition brings proven, institutional-grade analytics and forecasting to our platform, increasing the depth and sophistication of the insights we deliver to all of our clients across the country.
“As we continue to aggressively invest in data, analytics and AI, this acquisition strengthens our long-term competitive advantage and our position as the most comprehensive source of real estate information across all markets.”
ResiShares has developed its analytics platform to support investment and operational decision making, especially in the single-family rental sector.
The company was founded by Michael Greene, Alex Villacorta, Dan Glaser and Michael Cook, who have backgrounds in data science, quantitative research and real estate activities.
ATTOM said it plans to integrate the acquired technology into new enterprise-level analytics products. Tools will be made available to a range of users, including financial services providers, insurers, technology companies, government agencies and other data-driven organizations.
ResiShares’ platform includes price and rent forecasting, neighborhood-level performance analytics and modeling designed to identify market trends and risks.
Combined with ATTOM’s nationwide real estate database, the company says the technology will enable customers to apply more advanced analytics to their own business use cases.
“This is a natural next chapter for the technology and capabilities we’ve built,” said Michael Greene, CEO and co-founder of ResiShares. “By combining our analytics platform with ATTOM’s data at scale, we’re excited to see these tools reach a much broader audience and deliver value across a wide range of use cases.”
ATTOM said the acquisition will support faster product development and expand the use of artificial intelligence to deliver data insights across multiple industries.
Related
#ATTOM #acquires #ResiShares #expand #data #analytics