Second Century Ventures (SCV), the strategic investment arm of the National Association of Realtors (NAR), announced this week that it had sold ePropertyData to Xceligent for an undisclosed amount. With 240,000 members and growing, ePropertyData provides commercial real estate information in markets across the country and powers NAR's current national public commercial real estate search platform, which already contains more than 200,000 active lease and sales listings. Xceligent will leverage ePropertyData's commercial information exchange solution to help expand its existing coverage of fully researched commercial real estate information into the largest U.S. markets.
Doug Curry, CEO of Xceligent, said "We are pleased SCV chose Xceligent as the home for this great asset as we continue to build a strong national alternative for commercial real estate information. Combining these two extraordinary teams creates a strong foundation for the expansion of our product development team and allows us to deliver best of breed technology and information to the industry."
Allen Benson, Founder and CIO of ePropertyData, said, "Our development capabilities are the perfect match to Xceligent's research capabilities and industry presence."
For more news and information visit Blumberg Capital Partners.
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