Datappraise to Advance CRE Appraisal Software Offerings with Capital Investment by Valbridge
- Oct 03, 2014
Datappraise has just received perhaps the most significant endorsement a young company can get: a capital investment. Valbridge Property Advisors Inc., Datappraise’s largest corporate subscriber, recently demonstrated its faith in the three-year-old company–a provider of advanced database and report production software for commercial real estate appraisers–with a monetary infusion.
When it comes to creating premier-quality appraisal reports and advancing productivity, Valbridge ranks among the top three commercial real estate appraisal and advisory services firms in the country. Valbridge’s monetary show of support is designed to take Datappraise’s software suite to new heights because, as Jeffrey Roper, chief operating officer & general manager of Datappraise noted in a prepared statement, “When you’re in the software business, you’re never done!”
Datappraise will utilize Valbridge’s investment to provide clients with enriched software offerings featuring enhanced usability, higher functionality and greater reliability.
Valbridge’s tangible endorsement is timely, as Datappraise is witnessing “incredible demand” for its software,” Richard Armalavage, president & CEO of Valbridge, told Commercial Property Executive.
He cites two drivers. “First, appraisers and brokers need a really good system to manage and maintain their own comparables data; and second, to maximize productivity and consistency, appraisal professionals need to be able to automate more of the reporting process and produce more standardized reports,” Armalavage added. “These benefits are sorely needed throughout the industry. Datappraise is leading on both fronts, and investing in their platform benefits our professionals and clients at Valbridge as well as all other market participants throughout the industry.”