Source: MIL-OSI Submissions
[SYDNEY, NSW, 28 October 2020] Leading property data and analytics company CoreLogic has today announced its backing of emerging technology businesses in real estate through Taronga Ventures’ RealTechX program.
CoreLogic Executive and Head of Product, Tim Jenner, says the partnership hits a sweet spot for the business at just the right time.
Mr Jenner said “The world’s moving fast from a tech and innovation perspective but it’s a flight to quality and start-ups have really taken a hit through COVID as investments are reined in.”
“We have an ambitious acceleration strategy and have taken the view that we need to work not only with the best companies in the world to accelerate our growth, but also support the next generation of innovators and game changers for this sector. RealTechX enables us to do both.”
CoreLogic’s partnership with RealTechX allows CoreLogic to support and actively engage in helping prop tech start-ups succeed with an added benefit of developing better connectedness with some of its key commercial customers.
Taronga Ventures’ Managing Partner, Avi Naidu, said “We are delighted to announce that CoreLogic has joined the RealTechX network. Our vision for this platform is to bring together market leaders across the real estate sector to advance the state of technology and innovation across Asia. CoreLogic is undoubtedly a market leader in real estate data, which we see as an essential element for the development and operation of superior assets into the future.”
RealTechX Program Director, Julian Kezelman, added “Our RealTechX companies are set to benefit significantly from this CoreLogic partnership due to the unique data and insights generated by their innovative technologies. We are confident that CoreLogic and our participants will identify novel opportunities for bringing together their individual capabilities and data assets for the betterment of the sector.”
From grassroots partnerships with universities such as Queensland University of Technology, to strategic partnerships with global players like reinsurance powerhouse Munich Re, CoreLogic has a rich history developing partner synergies that deliver ongoing mutual benefit to partners and customers alike.
CoreLogic will be joining real estate corporates such as Dexus, CBRE, ISPT and PGIM Real Estate in the RealTechX partner network.
CoreLogic Australia is a wholly owned subsidiary of CoreLogic (NYSE: CLGX), the largest property data and analytics company in the world. With Australia’s most comprehensive property databases, the company’s combined data offering is derived from public, contributory and proprietary sources spanning more than three decades of collection, providing detailed coverage of property information such as tenancy, location, hazard risk and related performance data. CoreLogic is the leading provider of property data, analytics and related services to consumers, investors, real estate, mortgage, finance, banking, insurance, developers, wealth management and government. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and geo spatial services. CoreLogic RP Data helps identify and manage growth opportunities, improve performance and mitigate risk.
RealTechX is an innovation platform that supports better adoption of emerging technologies by real estate and built environment corporates. RealTechX is backed by real estate and built environment focused investment house Taronga Ventures.
In 2020, RealTechX supported 12 emerging technology businesses to engage with 5 corporate partners including Dexus, ISPT, Lendlease, Australian Unity and PGIM Real Estate. In addition to CoreLogic in 2021, CBRE has joined the partnership network with other corporate partners expected to be announced shortly.