NEW YORK--(BUSINESS WIRE)--Advan Research Corporation, the leader in foot traffic and transaction data analytics in the financial, real estate and retail industries, announced today the acquisition of Real Estate Intelligence (“REI”) from RetailStat, a retailer health data and analytics company.
REI is the mobile device location data powered analytics component of RetailStat, comprising a Retail Real Estate custom graphical user interface and associated data feeds. The acquisition follows Advan’s prior acquisition of SafeGraph’s Patterns business, which included location data analytics.
With this acquisition Advan is continuing its expansion in the alternative data analytics industry, focusing on its expertise of accurate, detailed and broad data generation. The divestiture allows RetailStat to concentrate on its core expertise of retailer financial health, grocery analytics, and point of interest data. RetailStat and Advan will continue to partner with RetailStat credit scores and grocery rankings available through the REI platform.
“We are excited by the addition of REI to our portfolio of analytics powered businesses. The REI platform in particular is a uniquely powerful tool offering true insights into the performance of any retail establishment. Trade areas, void analysis, site selection, traffic ranking, demographic and psychographic customer views, along with other location visitation metrics, help drive actionable insights for real estate and retail participants,” said Grigorios Reppas, Advan’s CEO.
“Our goal with this transaction was to choose the best cellphone location analytics company to drive REI so that our customers can continue to receive the same quality of service. RetailStat is now in a position to fully direct its resources to continue to excel in the financial and credit ratings, custom retail and grocery analytics, and point of interest verticals,” said Sondra Scott, RetailStat’s CEO.
About Advan
Advan provides hedge funds, real estate investors, retailers and businesses with insights into foot traffic, sales data, and consumer behavior that enable customers to make better business and investment decisions. Its institutional-grade analytics allow fast and actionable insights into customer behavior and corporate activity. For the last nine years, Advan has been processing billions of foot traffic observations and credit & debit card transactions from tens of millions of consumers on 150 million locations and 8,000 companies across 300 sectors worldwide. For more information, visit www.advanresearch.com.
About RetailStat
RetailStat has been a trusted provider of reliable data, insights, and analytics for over 30 years. Serving a diverse range of industries, its comprehensive suite of products and trusted brands enables businesses to customize data, reports, workflows, and analyses to support financial and location-based decision-making. Renowned for its commitment to data accuracy and innovation, RetailStat empowers clients to make informed decisions in an ever-evolving marketplace. For more information, visit www.retailstat.com.
