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Insight Data Solutions Acquires Thomson Reuters’ VM Online
MELBOURNE - 30 November 2018 - Insight Data Solutions (IDS), a leading provider of proprietary property data and analytics has expanded its government services with the acquisition of Thomson Reuters’ VM Online.
A powerful and robust tool used by governments for mass valuation of property markets, VM Online is the primary provider of valuation technology to municipalities throughout Victoria.
IDS CEO, Louie Psaroulis, said: “The acquisition of VM Online is an important step in our strategy to be the property data, valuation and analytics technology provider of choice for governments in Australia and New Zealand.
“We welcome Victoria’s Valuer General and its councils as our clients and users, and look forward to working with them and their valuation service providers to bring new levels of accuracy and efficiency to the mass valuation process.”
Thomson Reuters VM Online team will transition to IDS as part of the acquisition, providing subject matter expertise, credibility and relationships to IDS as it enters the Australian property valuation space.
Tony Kinnear, Managing Director, Thomson Reuters, Asia and Emerging Markets, said: “Thomson Reuters’ team of experienced experts are moving to IDS, meaning customers will continue the same level of high quality service with no disruption.”
“IDS is committed to continue enhancing the VM Online platform to further streamline the valuation process which will benefit customers in the future,” he said.
IDS Government Services specialise in data management, integration, price modelling and risk mitigation for the Government sector. Its key staff have several decades of experience delivering property services and IT solutions to both the Government and Financial sectors.
IDS founders Louie Psaroulis, Mike Thanos and Chris Spanos have decades of experience delivering valuation, data and decisioning solutions to the financial services industry. Following the acquisition, Andrew Noseda will join the leadership team of IDS Government Services. Andrew is a Fellow of the Australian Property Institute (FAPI), Associate of the Royal Institution of Chartered Surveyors (MRICS), Certified Practising Valuer (CPV), Associate Member – Member – The International Property Tax Institute.
About Insight Data Solutions
Insight Data Solutions is a leading provider of proprietary property data and analytics to the financial services and fintech industry. IDS’s Automated Valuation Model (“AVM”) and suite of indices have been built from the ground up for Australia’s data landscape, electronically valuing every Australian residential property in real-time for consumers and institutions. IDS empowers its customers to streamline lending processes to acquire and retain customers. For more information, visit www.ids.io.
About Thomson Reuters
Thomson Reuters is the world’s leading source of news and information for professional markets. Our customers rely on us to deliver the intelligence, technology and expertise they need to find trusted answers. The business has operated in more than 100 countries for more than 100 years. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges. For more information, visit www.thomsonreuters.com.
With decades of experience serving governments around the world, Thomson Reuters provides solutions for property administration, tax valuation, billing and collection. VM Online is a leading tool to accurately and fairly obtain property values.
VM Online for large-scale property valuation
VM Online is a powerful, robust tool for mass valuation of diverse property markets. Combine multiple sources of property data from any corporate system into a single, securely hosted platform which can seamlessly update in real time.
When using VM Online, you can be sure that compliance with ever-changing regulations and standards are met. Produce reports in a consistent, specified format endorsed by regulators, reducing the complexity of audits and the likelihood of rejection.
Powerful modeling and analytical capabilities, supported by mobile and mapping technology, ensure fair and accurate valuations are always produced. VM Online allows you to retain control over your data and modeling, helping encourage a competitive landscape for supply contracts.
VM Online has been designed by local valuation professionals and is backed by the experience of Thomson Reuters, one of the largest Government software solution providers around the globe.
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