The two PropTech companies announced this today. The goal of the collaboration is to create the ultimate next-generation valuation platform in Europe. The new company, KATE-XQ, will combine a highly configurable and connectible workflow processing platform and unique financial modelling platform into one platform that supports the full range of real estate advisory services.
KATE-XQ will operate from four offices in the Netherlands (Utrecht), Germany (Frankfurt) and Finland (Helsinki). The geographical spread is an excellent starting point to cover Europe with its services. Through the partnering up of the two companies, a team of over 30 developers are going to be working on KATE-XQ.
The Finnish company Exquance Software was established in 2012 by Markus Asikainen and Ivan Nokhrin. Both have years of experience in asset management, portfolio management and valuations. The calculation models that they have developed are being used in seven different countries across Europe. Their models are focused on owners, banks, and advisors. Ivan Nokhrin: “We always wanted to build the ultimate solution for commercial real estate. With the data structure and flexible workflow of KATE, our ambitions become reality”.
The Utrecht-based IT-company KATE Innovations has, over the past few years, become a prevalent software provider in the Dutch real estate sector. Through the data driven work process that KATE’s valuation platform offers, real estate advisors can structure their data and manage their valuation processes in the most efficient way possible. The structured flexibility that the platform offers is unique in the market.
Erik Schlooz, managing director of KATE Innovations: “We have been looking for a while already for a partner that offers certified calculation models in a digital environment that is both flexible and transparent. Exquance offers the best solution that we have seen so far. By integrating artificial intelligence and the calculation models of Exquance in KATE’s platform, we are able to offer the European market the ultimate valuation platform”.
The two companies were first introduced to each other through the network of Holland ConTech & PropTech. Wouter Truffino, CEO: “The coming time, the PropTech market will experience consolidation. It is wonderful to see that through our network, parties with the same DNA get to partner up and chase their ambitions”.
About Exquance Software:
Since 2012 Exquance Software is automating real estate portfolio management, property valuation and reporting, developing its calculation engine and platform that helps investment management and valuation companies make smarter decisions, improve asset valuation accuracy and speed, save time and figure out new business models in the real estate industry with transparent and collaborative financial modelling software. The company is headquartered in Helsinki with an office also in Frankfurt.
About KATE Innovations:
KATE Innovations is a company which develops IT solutions for the (commercial) real estate sector. These IT solutions allow real estate companies to reach an eminent increase in efficiency in their valuation process. Besides that, KATE is busy creating an ecosystem in which advisors, banks, and owners can work together and exchange data. For more information: www.kateinnovations.com
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