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

ASF UNVEILS TRAFFIC PLANS FOR THE SPIT

A SECOND bridge over the Nerang River is the centrepiece of the ASF Consortium's plan to improve traffic flow ...

BHP AND VALE EDGE CLOSER TO $47.5 BILLION SAMARCO DAM DISASTER SETTLEMENT

BHP Billiton (ASX: BHP) and Brazilian mining company Vale have entered into a preliminary agreement with Brazilian fe...

BLK SPORT FOUNDER TYRON BRANT REMAINS CEO UNDER NEW OWNERS

BLK Sport has been purchased from receivers McGrathNicol by a private consortium composed of a TimorLeste-based oi...

CARSALES CEO RETIRES AS NEW COMPETITOR COX FINALISES MERGER

CARSALES will have a new CEO as it takes on a fresh challenger to its crown as the dominant online car sales portal i...

Related News

CARSALES CEO RETIRES AS NEW COMPETITOR COX FINALISES MERGER

CARSALES will have a new CEO as it takes on a fresh challenger to its crown as the dominant online car sales portal i...

BUSINESS CONFIDENCE AT A SIX-YEAR HIGH

SMALL and medium businesses have entered 2017 with their confidence at a six-year high, building on strong gains m...

CONSUMERS PESSIMISTIC ENTERING 2017

CONSUMER confidence remains at its weakest point since April 2016, according to the latest Westpac Melbourne Institut...

RISE OF STARTUP SUPPORT PROGRAMS NOT AS ROSY AT IT SEEMS

ENTREPRENEURIAL cultivation companies in Australia are appearing quickly, but questions have been raised about whe...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter