Providence Equity Partners to acquire Hometrack
The acquisition aims to back Hometrack’s growth by supporting investment in new technology, products and customer service.
Providence Equity Partners has agreed to buy Hometrack, a provider of digital valuation and property risk data and analytics for the residential real estate sector in the UK and Netherlands.
The acquisition aims to back Hometrack’s growth by supporting investment in new technology, products and customer service.
Robert Sudo, senior managing director at Providence, said: “Hometrack is a market leader in automated residential property valuations, built on market-leading technology, deep customer relationships and a critical role within the mortgage ecosystem.
“As lenders continue to digitise their operations and deliver faster, more seamless mortgage journeys for customers, we believe Hometrack is well positioned for long-term growth.
“We look forward to partnering with the team as they continue to innovate and strengthen the business.”
Charlie Bryant, CEO of Hometrack, said: “This marks an exciting new chapter for Hometrack.
“Our team has built a market-leading platform by helping lenders and other property market participants make faster, smarter and more informed decisions while improving the experience for their customers.
“Providence shares our long-term vision for the business, and we look forward to working together to continue investing in our technology, our people and the customers we serve.”
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