Multifamily service management platform SightPlan has announced its acquisition of InfoTycoon, a digital due diligence provider.
SightPlan intends to use InfoTycoon’s existing due diligance platform and innovations to extend its existing service platform. According to SightPlan, this will allow the platform to provide a combined solution that covers the entire property life cycle.
“We’ve always admired InfoTycoon’s innovation in the due diligence space,” says Terry Danner, SightPlan’s CEO. “Their product offering combined with SightPlan’s extensive platform and customer base help solidify our ongoing commitment to deliver the industry’s most advanced and extensive service platform. Having been an operator for more than 30 years, myself, and the team at SightPlan are continuing full throttle to meet the industry’s growing challenges. Through our combined resources, we can deliver even greater value to our customers.”
InfoTycoon was the winner of the National Multifamily Housing Council’s LaunchPad Startup competition, with services including digital due diligence for unit inspections, exterior inspections, and lease file audits. The company’s technology has been used in over half of the NMHC Top 50 companies, and assisted in sales transactions for an estimated $200 billion in multifamily real estate.
“SightPlan is always working on the cutting edge, and they’re really blazing the future path for on-site operations in multifamily. That’s where we want to be,” says Maanav Mahindru, COO of InfoTycoon, who will join SightPlan as executive vice president. “We share their vision, and we’re excited to add our due diligence expertise to expand their deep knowledge of multifamily operations.”
