EDGE 2015 is starting in

Find out more EDGE 2015
Menu
RP Data acquires Rismark International IP portfolio

RP Data acquires Rismark International IP portfolio

Intellectual property portfolio relates to Automated Valuation Models and indices

Property data firm RP Data has purchased the intellectual property portfolio of long-time partner Rismark International.

The company has acquired a comprehensive intellectual property portfolio relating to Automated Valuation Models (AVM’s) and indices from its strategic partner, Rismark International.

Included in the acquisition of the Rismark assets are a series of domestic and international patents, patent applications and associated methodologies. RP Data chief executive, Graham Mirabito, said RP Data had a successful strategic alliance with Rismark International for the past 8 years as its primary local analytics partner.

"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," he said. “In 2006, Rismark recognised the value in partnering with Australia's leading property data company while RP Data saw great value in the analytical capabilities of Rismark's PhD level statisticians." Rismark International director, Matthew Beach, said the portfolio would be leveraged and enhanced by RP Data. RP Data and Rismark embarked on a strategic partnership in 2006 with the objective of jointly developing and commercialising world-leading analytic products relating to Australian residential property utilising Australia's most timely and comprehensive set of housing data. This collaboration saw the two companies release Australia's first hedonic regression index relating to housing markets in 2007, the RP Data Rismark Home Value Index. In 2012, the two companies, working with the Australian Securities Exchange, commenced the production of the world’s first daily property index, based on an improved hedonic methodology. They also released a co-branded automated valuation model into the Australian housing market which provided a 'best of breed' automated valuations solution to the Australian banking and finance sector. Since the acquisition of RP Data by NYSE-listed CoreLogic, Inc. in 2011, the company "had been advancing the scope and breadth of our analytic capabilities," Mirabito said. “The acquisition of this intellectual property portfolio from Rismark International provides RP Data 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," he said. “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 expanded analytic capabilities domestically and internationally."

EDGE 2015:: For all the latest on EDGE 2015 including the keynote speakers visit the EDGE mini-site now

2015 ARN ICT Industry Awards: Nominations for the 2015 ARN ICT Industry Awards close on June 26. NOMINATE NOW!!!

Follow Us

Join the ARN newsletter!

Error: Please check your email address.

Tags Matthew BeachRP DataRP Data chief executiveGraham MirabitoRismark International director

Upcoming

Slideshows

In Pictures: Robots that cook, clean, sing and dance
Tech Hive

In Pictures: Robots that cook, clean, sing and dance

Cooking, learning language and doing the laundry are a few of the human skills demonstrated by.real humanoid bots featured in the National Geographic movie Robots.

In Pictures: Robots that cook, clean, sing and dance
IN PICTURES: OKI Data Australia partner event (+10 photos)
Business Products

IN PICTURES: OKI Data Australia partner event (+10 photos)

OKI recently hosted its ChannelOne dealer forum for its executive series channel partners to get together and learn about the company's new high-performance ES8400 A3 multifunction series printers. After a welcome and business overview from OKI Data Australia managing director, Dennie Kawahara, delegates were given a comprehensive overview of the new product, as well as an update on the latest marketing initiatives and software solutions, before being treated to live demos and a product showcase. Partners were also given a preview of OKI’s upcoming A3 digital LED white toner printer. With more than 60 delegates attending from all over the country, the day concluded with dinner at Casa Ristorante Italiano in Sydney and several delegates also participated in a friendly game of golf the following morning.

IN PICTURES: OKI Data Australia partner event (+10 photos)

iasset.com is a channel management ecosystem that automates all major aspects of the entire sales, marketing and service process, including data tracking, integrated learning, knowledge management and product lifecycle management.

Show Comments