Hometrack has acquired geographic information systems software provider SIA Limited.
Hometrack chief operating officer David Catt says: “This acquisition is a perfect fit for Hometrack with real product synergies which are of mutual benefit to both sets of clients. The system comprises a sophisticated mapping model which is capable of graphically highlighting a wide range of market analysis including house prices, local area demand profiling and private sector rents.”
He adds: “There is an increasing need for decision makers within the housing and property related sectors to be equipped with the best market intelligence to remain competitive. SIA Limited’s new generation of data-enriched and GIS-enabled products will ensure our clients can view detailed property and land information through the most effective interface.”
SIA director Nasser Elaheebocus says: ‘The partnership will ensure that clients benefit from increased investment and that our products will remain at the very forefront of innovation.’
SIA Limited will operate as a stand alone subsidiary.