LEVERTON was bought out by MRI Software

LEVERTON, an AI-backed data company, has been bought out by real estate software provider, MRI Software, to boost its proposition

LEVERTON, which has offices in London as well as New York and Delhi, has been acquired by global software firm MRI Software, which is based in Cleveland, Ohio.

Founded in 2012, LEVERTON specialises in using machine learning to create searchable structured data sets that aims to provide a picture of a business’ real estate assets.

Patrick Ghilani, MRI’s Chief Executive Officer, commented: “The acquisition of LEVERTON brings a true innovator and global PropTech leader into the MRI family, with expertise in the application of AI to real estate data collection, management, and analytics.”

Abhinav Somani, LEVERTON’s Chief Executive Officer added: “Demand for data intelligence has surged within the real estate sector and joining a PropTech category founder with a market-leading end-to-end offering gives us the scalability we need to extend our global reach.

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