By: Staff Reporter
RP Data has today acquired ValEx Group and the valuation management software division of Sandstone Technology in a bid to create a single technology hub for the mortgage finance and property valuation industries.
“These acquisitions will increase RP Data’s valuation transaction services volume from 100,000 per annum to more than 1 million per annum, creating a rich source of data to assist clients and valuers in quality, compliance and risk analysis,” RP Data’s chief executive officer Graham Mirabito said.
RP Data, which already owns valuation management platform ValuersLink, aims to integrate the two new acquisitions into a new Enterprise Risk Solutions (ERS) division led by ValEx’s current chief executive officer Andrew Robertson.
Mr Robertson said it was exciting to join RP Data in offering a comprehensive range of valuation management and risk solutions from a single technology hub.
“Our business philosophy has always been client focused, with a strong emphasis on customer service, and we look forward to establishing the same values in the new RP Data ERS division,” Mr Robertson said.
“We will work closely with each client to tailor the valuation management and risk solution that best meets their business requirements. Importantly, no client will have to change the service they currently receive – but all clients will have the option to take on any additional services that add value to their business.”
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