Voxtur Analytics Corporation has signed a non-binding letter of intent to acquire real estate data solutions firm Benutech, Inc.
A major driver of the transaction is Benutech’s repository of real-time property data, which is one of the largest in the United States. Through this robust system, Benutech enables access to real property data from multiple public and private data sources.
“This acquisition is strategically aligned with the Voxtur model of providing user-friendly SaaS tools designed to give real estate finance companies better control of their data,” said Gary Yeoman, chief executive officer of Voxtur. “Benutech’s strong performance, as evidenced by historical recurring revenue, demonstrates the confidence that clients have in the transformative Benutech platform.”
Read more: Accenture on the Canadian fintech segment’s prospects
Serving the lending and property tax sectors in the United States and in Canada, Voxtur will benefit from Benutech’s workflow streamlining applications, Title Toolbox and ReboGateway.
“Benutech’s data repository would further expand the depth and breadth of Voxtur’s data store, making it one of the most comprehensive real property data stores in the market and the only validated, customizable repository built on an end-to-end, secure AI-optimized platform,” said Jim Albertelli, president of Voxtur.