RP DATA ACQUIRES FOR ANALYTICS

Written on the 4 August 2014

RP DATA ACQUIRES FOR ANALYTICS RP DATA has enhanced its offering and acquired two new services from its strategic partner.

RP Data chief executive officer Graham Mirabito says the company has acquired a comprehensive intellectual property portfolio relating to Automated Valuation Models (AVMs) and Indices from Rismark International.

This includes domestic and international patents, patents applications and associated methodologies.

“RP Data has had a successful strategic alliance with Rismark International for the past eight years as our primary local analytics partner,” says Mirabito.

“During this period, Rismark has compiled valuable intellectual property in connection with the residential property asset class which is recognised in Australia, New Zealand and the United States.”

Mirabito says the partnership has benefitted both companies – Rismark teaming up with a leading property data company, and RP Data profiting from Rismark’s PhD level statisticians.

The acquisition will assist RP Data’s goal of sharpening the company from an analytical standpoint.

“It provides us with the opportunity to consolidate our analytic capabilities and solutions and complements the recent appointment of Dr Stewart Wright as the head of RP Data’s analytics team,” says Mirabito.

“RP Data will continue to publish a summary of the hedonic indices on the first working day of each month and will, over time, continue to overlay additional cutting-edge methodologies across our data, leveraging both our expanding analytic capabilities domestically and internationally.”

RP Data and Rismark International have been in partnership since 2006.

Other notable developments incorporating both companies have included the release of Australia’s first hedonic regression index relating to housing markets in 2007, the RP Data Rismark Home Value Index, and the world’s first daily property index in 2012.



Latest News

THE COMPANY THAT DECIDED IT WAS GOING TO GIVE A CRAP THANKS TO CROWD FUNDING

SIMON Griffiths is using toilet paper to save the world.

In 2012, on the back of an IndieGoGo crowdfunding campaig...

TECHNOLOGYONE OUTSTRIPS PROFIT EXPECTATIONS AS R&D SKYROCKETS

TECHNOLOGYONE (ASX: TNE) has surpassed market expectations to achieve a half-year profit after tax of $8.1 million, u...

CLASS ACTION FILED AGAINST SURFSTITCH AFTER ANOTHER EARNINGS WIPEOUT

AS ONLINE retailer SurfStitch (ASX: SRF) battles for survival following another negative earnings forecast, a $100 mi...

SURFSTITCH DOWNGRADES EARNINGS AS SHARES PLUNGE 25 PER CENT IN A DAY

TROUBLED online sports clothing retailer SurfStitch is considering selling off more of its assets and will close i...

Related News

THE COMPANY THAT DECIDED IT WAS GOING TO GIVE A CRAP THANKS TO CROWD FUNDING

SIMON Griffiths is using toilet paper to save the world.

In 2012, on the back of an IndieGoGo crowdfunding campaig...

SURFSTITCH DOWNGRADES EARNINGS AS SHARES PLUNGE 25 PER CENT IN A DAY

TROUBLED online sports clothing retailer SurfStitch is considering selling off more of its assets and will close i...

AUSCANN RESUMES TRADE AFTER $12 MILLION CAPITAL RAISING

IT'S BEEN a big few days for medical cannabis manufacturer AusCann (ASX: AC8), as the company emerged from a trad...

APN AND oOh!media MERGER CALLED OFF, CEO 'AMAZED' AT ACCC'S DECISION

THE PROPOSED $1.6 billion merger between Australia's two largest advertising groups, APN (ASX: APO) and oOh!me...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter