"ResiShares meaningfully strengthens ATTOM's competitive moat and further differentiates us in a dynamic market, said Rob Barber, CEO of ATTOM. This acquisition brings proven, institutional-grade analytics and forecasting into our platform, expanding the depth and sophistication of the insights we deliver to all of our clients nationwide. As we continue to invest aggressively in data, analytics and AI, this acquisition reinforces our long-term competitive advantage and our position as the most comprehensive source of property intelligence across markets."
"ResiShares developed its analytics platform to support investment and operational decision-making particularly 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 operations. 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 firms, insurers, technology companies, government agencies and other data-driven organizations."
ATTOM acquired key assets of ResiShares, including its analytics platform, proprietary technology, forecasting models and analytics tools. The acquired technology will be integrated into ATTOM's national property database that covers most U.S. properties and into new enterprise-level analytics products. Tools based on the technology will be offered to financial services firms, insurers, technology companies, government agencies and other data-driven organizations. ResiShares' platform provides price and rent forecasting, neighborhood-level performance analysis and modeling to identify market trends and risk, with emphasis on investment and operational decision-making in the single-family rental sector. Financial terms were not disclosed.
Read at www.housingwire.com
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