Friday, June 05, 2015
News this week: dmg information Asia Pacific announced its venture into the Chinese property information market by investing in Funcent, a data and workflow solutions provider to real estate valuation companies and commercial banks. No financial details were disclosed.
Funcent provides a data workflow and price enquiry platform through its Cloud Appraisal System. According to dmg information, the company will increase its shareholding in Funcent over the next few years to expand its business in China, focusing particularly in the commercial real estate market in Beijing and Shanghai.
Stephen Stout, CEO of dmg information Asia Pacific said, “With our knowledge of the property markets in other countries and the similarity of the Funcent products to those provided by other dmg information companies, we believe we can bring considerable value to the business.”