Buildout Acquires ProspectNow

ProspectNow is the only AI-powered real estate property ownership research and outreach solution that allows you to interact directly with actual property owners at scale, based on the notion that superior data and insights accelerate any business.

Fremont, CA: Buildout, the leading commercial real estate (CRE) dealmaking platform used by more than one-third of brokers, acquired ProspectNow, a top AI-powered real estate property and owner intelligence provider. Buildout will integrate ProspectNow into its offerings as part of this acquisition.

Kirk Ziehm, CEO of Buildout, remarked, "The ProspectNow team has established an amazing, machine-learning enabled property and owner intelligence operation." "By integrating our businesses, we're taking a huge step toward accomplishing our common goal of helping CRE professionals to be more productive and profitable by linking all stakeholders to a platform that drives CRE prospecting and dealmaking." With over 155 million properties and 18 million businesses in its database, ProspectNow allows users to locate contact information for any property owner and view properties that are expected to sell or refinance in the next 12 months.

Steve Wayne, CEO and founder of ProspectNow, stated, "Our objective has always been to pipe the finest quality data and insight straight into the prospecting and dealmaking solutions brokers utilise." "We're thrilled to be working with the Buildout team, who share our commitment to helping CRE professionals be more productive and successful."

Riverside Managing Partner Loren Schlachet remarked, "Not only are their markets and solutions complimentary, but the ProspectNow and Buildout teams share a vision and passion for developing a world-class, full-lifecycle CRE broker deal-acceleration platform."

In July 2020, the Riverside Company invested in Buildout. Riverside is a global private equity firm that focuses on the middle market's smaller companies.

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