Radix completes acquisition of redIQ to enhance multifamily market research and underwriting

Aug 26, 2024•12 months ago

Acquiring Company

Radix

Acquired Company

redIQ

Scottsdale

New YorkReal EstateFinancial ServicesSoftware

Description

Radix, a pioneer in multifamily market research, performance, and data analytics, has announced the acquisition of redIQ, the leading multifamily industry provider of comprehensive underwriting software and insights for investors, acquisition teams, brokers, and lenders. This strategic acquisition aims to enhance Radix's platform by integrating redIQ’s underwriting and analytics data to provide complete asset life cycle insights for all stakeholders, creating the most comprehensive market data resource available to investors, owners, operators, acquisitions teams, and renters.

Company Information

Company

Radix

Location

Scottsdale, Arizona, United States

About

Radix is on a mission to change how the industry makes decisions by equipping teams with real-time data and visualization tools which produce reliable and insightful market trends. Radix has created a shared data ecosystem as the foundation for a software solution that helps multifamily users drive top-line revenue growth. With 7 million+ active units on the Radix platform, our ecosystem is one of the largest in the industry, which will allow us to build the best predictive and prescriptive platforms to further help our clients make better, faster decisions in times of rapid change.

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M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed