Leading independent property data and analytics provider CoreLogic International has acquired Brisbane-based prop-tech firm AiRE, as part of its expansion across real estate technology solutions.
Building upon its impressive software development pedigree, AiRE specialises in AI driven lead identification and nurture solutions for the real estate industry. With more than 4,000 real estate agents in Australia and New Zealand using the company’s digital lead generation and nurturing ‘assistant’ RiTA and related services, AiRE’s exponential growth is testament to the impact the solutions are having within the real estate segment.
Together with the industry’s most comprehensive research platform, RP Data, RiTA will be a complementary solution in CoreLogic’s growing suite of offerings to the real estate industry which include its new lead generation tools and digital proposal solutions.
In announcing the news, CoreLogic International Chief Executive Officer, Lisa Claes said RiTA’s value to the real estate industry has resonated strongly as evidenced by the impressive traction gained in a very short time.
“The acquisition of AiRE aligns with CoreLogic’s vision of helping our real estate partners identify and leverage actionable leads while at the same time streamlining business performance through data, technology and the advanced capabilities of machine learning and AI,” Ms Claes said.
“Agents will appreciate the intrinsic value of their CRM data but may have struggled to fully commercialise and maximise its full potential. Timeliness is paramount for agents to maintain contact with clients and this solution will ensure they remain front of mind.
“Along with the clear benefits to CoreLogic and its clients, AiRE will now be powered by the most extensive property data universe across Australia and New Zealand, delivering a unique suite of property and market insights for consumers, and property level triggers and events, to continually improve the model’s AI performance,” Ms Claes said.
CoreLogic’s products are underpinned by its unrivalled property insights, combining data offerings derived from public, contributory and proprietary sources, which span more than 40 years of collection and covers almost 100% of the Australian and New Zealand residential property markets.
CoreLogic’s acquisition of AiRE completed on 19 November 2021.
Source: CoreLogic Press Release