Logistics and industrial real estate investment manager Elion has enhanced its proprietary technology platform with the addition of White Peak Techβs team.
Elion said it has taken control of White Peak, a team of technology professionals focused on analytics, data engineering, machine learning and software development.
White Peak focuses on consolidating, processing and analysing data, building predictive models, and building software to automate processes, Elion said, adding that the absorption of White Peak enhances the Elion Intelligence (EI) platform.
Elion began developing the EI platform in 2018 with the goal of providing Elion and its capital partners access to proprietary technology and data.
Shlomo Khoudari, managing partner at Elion, said: βThere is no longer a separation between real estate investment and technology. In todayβs digital world, a fully integrated data analytics and technology platform is necessary to facilitate smarter, more efficient growth and help source unique investment opportunities.
βWe are excited to provide access to data in a differentiated, meaningful way to our capital partners and team.β
Khoudari said the transaction will enable Elion to grow more efficiently to serve its investor base, and βfurther accelerate its foothold in the marketplace as a technology-enabled investment managerβ.
David Vaisberg, the founder of White Peak, said: βReal estate is not historically known for being data-driven or technologically empowered, but Elionβs forward-thinking vision was completely aligned with the goals of White Peak.
βWe are excited to be joining forces and to help deliver this vision to our, now shared, stakeholders.β
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