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Voxtur Analytics (TSXV:VXTR) to acquire Appraisers Now Ltd
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  • Voxtur Analytics (VXTR) is set to acquire Appraisers Now Ltd., an automated appraisal workflow management system provider
  • The Anow platform is the only digitized appraisal platform in North America that syncs appraisers with lenders
  • The acquisition broadens Voxtur's product suite to manage and automate end-to-end appraisal processing
  • It also provides stable recurring revenue streams from clients across the globe
  • Voxtur is a real estate technology company that offers targeted data analytics
  • Voxtur Analytics (VXTR) is trading flat at C$0.92 per share

Voxtur Analytics (VXTR) is set to acquire Appraisers Now Ltd., an automated appraisal workflow management system provider.

The Anow platform is the only digitized appraisal platform in North America that syncs appraisers with lenders.

Order tracking, job assignment, collaboration, scheduling tools and mobile apps allow appraisers and administrative staff to save time, assign appraisals more easily and deliver exceptional service to clients from any web-enabled device.

The acquisition broadens Voxtur's product suite to manage end-to-end appraisal processing with streamlined big data, machine learning and process automation functionality.

It also provides stable recurring revenue streams derived from a diverse customer base across the world.

Terms of the acquisition were not disclosed.

"Bringing Anow into the Voxtur family is just another example of how the necessary uberization of professional services across the lending life cycle is empowering professionals to do their jobs better, faster and cheaper," said Gary Yeoman, Voxtur's Chairman and CEO.

"Anow fits right in line with the Voxtur portfolio of solutions for the real estate value chain. This digital innovation merger with Anow will seamlessly connect the dots resulting in a more efficient appraisal process," said Jim Albertelli, Voxtur's President.

"We are excited about joining forces with the Voxtur brand. The Anow technology streamlines the appraisal process and has broad applicability to the workflow technology across all the Voxtur business segments," said Marty Haldan, President of Appraisers Now.

Haldan will continue to lead the Anow team and will join the Voxtur Board of Directors following the closing of the acquisition.

Voxtur is a real estate technology company that offers targeted data analytics to simplify tax solutions, property valuation and settlement services throughout the lending lifecycle.

Voxtur Analytics (VXTR) is trading flat at C$0.92 per share as of 2:42 pm ET.

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