Deal expands growing suite of CRE tools for brokers
Moody’s Corporation has acquired commercial real estate (CRE) technology company Catylist to expand its range of data and analytical products to the broker market.
Michigan-based Catylist offers a platform that provides CRE brokers with a comprehensive suite of data, analytical tools, and verified listing information. The acquisition combines Moody’s existing CRE capabilities with Catylist’s proprietary tools to boost the Moody’s Analytics platform, enhancing the scope of its property-level data.
“Catylist offers deep insights into CRE markets through its impressive scope and coverage, intuitive user interface, and innovative research services for brokers,” said Stephen Tulenko, president of Moody’s Analytics. “The acquisition of Catylist complements Moody’s analytical capabilities and augments our growing suite of CRE tools that integrate rich and relevant data with powerful analytics. We look forward to continuing to invest and enhance our CRE capabilities to help our customers make better decisions.”
The acquisition was funded with cash on hand and is not expected to have a material effect on Moody’s 2020 financial results, according to the company.
“Moody’s is widely recognized for excellence in data and analytics, and their evolving commercial real estate capabilities have made them a trusted name in the industry,” said Ronald Marten, president and CEO of Catylist. “We’re excited to continue growing our business and to serving the evolving needs of the sector as part of a dynamic company like Moody’s.”