Swedish site analyst Datscha has been acquired by property data provider Real Capital Analytics.
Datscha provides users with access to data for registered commercial properties in the UK, Sweden and Finland. The service includes information on rental levels, property holdings and the possibility to simulate market values.
RCA offers investment transaction data in over 140 countries and will provide a route for Datscha to expand into new markets.
Datscha will continue to operate under its own brand, which has over 1,000 corporates, and Jacob Philipson, chairman and former CEO at Datscha, will continue as an advisor to RCA. Both parties to this transaction have agreed not to disclose any financial details.
Philipson said: “RCA is the perfect owner. Combining Datscha’s tech approach with RCA’s global presence and data assets will enable something that no one has done in the market before.”
Robert White, CEO and founder of Real Capital Analytics, said: “Like RCA, Datscha established itself based on the integrity of its data and the high satisfaction levels of its clients. Both companies have a history of innovation and the combined technical and analytical talents will be a powerful force.”
Datscha will use its technological skills to help RCA link complex public and private datasets, with hopes to lead to increased market transparency.