PriceHubble buys Dataloft in the UK
PriceHubble has bought Dataloft to grow in the UK market. This is PriceHubble's fifth acquisition and is intended to build on its successes in Europe and Asia. The UK real estate industry is showing a stabilisation trend at the time of the merger.
PriceHubble has acquired the British company Dataloft. According to a media release, the aim of the merger is further growth in the UK, where PriceHubble was launched in autumn 2022. The acquisition comes at a time when the UK real estate and banking industries are showing signs of stabilising, the release said.
It is PriceHubble’s fifth acquisition, according to the company. The Zurich-based specialist in real estate valuation, consulting and analytics creates artificial intelligence-based valuation and visualisation solutions for real estate data. Based on Big Data Analytics technology, huge amounts of data can be analysed. Thus, information on property location and noise pollution is also included in the valuation. PriceHubble is aimed at UK banks, asset managers, estate agents, mortgage brokers, IFAs and fintechs.
Dataloft is a residential property market information company and will continue to operate as a separate legal entity, leveraging its “well-established brand and client relationships”, it said. Managing director Sandra Jones will remain, according to the statement. As part of the acquisition, Dataloft will gain access to PriceHubble’s innovative market and data technology and pan-European data resources. full integration into the PriceHubble group is expected to take place in 2024.