TORONTO, ONTARIO--(Marketwired - Dec. 18, 2013) -
/NOT FOR DISTRIBUTION TO U.S. WIRE SERVICES OR FOR DISSEMINATION IN THE U.S./
Radar Capital is pleased to announce that it has completed an investment in Real Matters Inc., one of North America's fastest growing technology companies and leading provider of information and insights into residential and commercial properties to both the mortgage and property & casualty (P&C) insurance industries.
Real Matters' core solution, Solidifi, is a next-generation appraisal management services provider that serves 45 of the top 100 lenders in the U.S. Solidifi's key enabler is the company's proprietary cloud-based network platform, redihive™, and partnerships with more than 26,000 independent appraisers. This state-of-the-art analytical platform identifies the right appraiser for each assignment upfront, building efficiency and cost effectiveness into the appraisal process while ensuring the delivery of high-quality reports and superior performance for lender clients.
"Real Matters is a strong and growing Canadian company," said Mark Lerohl, President of Radar Capital. "With this financing, Real Matters is well positioned for significant growth in North America."
The investment in Real Matters marks the initial investment by Radar Capital's new private capital fund, Radar Capital Fund I Limited Partnership.
About Radar Capital Inc.
Radar Capital is a new private capital firm that focuses on investing in Canadian pre-IPO companies. Radar Capital meets the needs of companies in search of a partner that can effectively bring them to a successful liquidity event. Radar Capital works in partnership with Urbana Corporation, a TSX listed Company.
About Real Matters Inc.
Serving the North American mortgage industry through its Solidifi offering and the property and casualty (P&C) insurance industry through its iv3 CUS business, Real Matters creates powerful insights into residential and commercial properties. Leveraging its cloud-based technology platform, redihive™, the organization provides its customers with subject matter expertise garnered through partnerships with more than 26,000 field agents, comprised of Solidifi independent appraisers as well as iv3 insurance inspectors. Established in 2004, Real Matters' Canadian head office is located in Markham, Ontario and its U.S. head office in Buffalo, NY. Additional information about Real Matters is available at www.realmatters.com.