Real estate data firm Real Capital Analytics has acquired the Swedish real estate technology firm Datscha in one of the largest European PropTech transactions of 2019.
“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”, Says Robert M. White, Jr., CEO and Founder of Real Capital Analytics.
Datscha will continue to operate under its own brand and Jacob Philipson, Chairman and former CEO at Datscha, will continue as an adviser to Real Capital Analytics.
“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”, says Jacob Philipson, Chairman Datscha.
“We founded Datscha 20 years ago and it has been a very exciting journey. Now it is time for a new chapter and the merger with RCA opens up a whole new range of opportunities on a global scene. We have always admired RCA and are confident that it will be a good new home for Datscha, its employees and customers”, states Urban Edenström, founder of Datscha and founder & CEO of Stronghold Invest AB.