PAVONIS GROUP FORMS REALNEX, AN INTEGRATED RE TECHNOLOGY SOLUTIONS CO, ANNOUNCES THREE MAJOR ACQUISITIONS TO SEED PLATFORM
Global CRE Services Pro Jeffrey Finn To Lead New Group
Houston, TX - May 14, 2014 -- Pavonis Group, a partnership of some of the real estate industry’s top technology and professional services leaders, has announced the launch of RealNex, a new software and solutions company. RealNex is designed to connect and transform the global real estate market by aggregating and integrating a portfolio of services, including robust data and transaction management solutions, all through one common Software as a Service ("SaaS") business model.
RealNex will be led by Jeffrey Finn, a Pavonis Group partner who was formerly the CEO of NAI Global.
“Through the merger and acquisition of leading edge real estate technology service providers as well as the development of our own solutions, RealNex is creating a fully integrated and cost-effective ecosystem that delivers a variety of critical real estate programs bundled into one,” said Mark Kingston, chairman of RealNex and managing partner of Pavonis Group.
As part of this launch, RealNex announced the acquisition of three leading commercial real estate technology organizations, each with its own unique service offering, including:
Property Line, a property listing system that markets properties, promotes commercial brokerage companies, provides hosted listing systems and offers powerful marketing tools to the commercial broker.
REI Wise, a leading real estate analysis software company that offers a premier “Propose to Close™” solution that streamlines the process of proposal creation, financial investment and comparative lease analysis to the development of flyers, brochures, electronic publications, property websites and secure deal rooms.
Real Estate Assistant (REA), a leading project, property and client tracking customer relationship management (CRM) system developed by commercial real estate professionals for commercial real estate professionals.
In addition to these three new offerings, RealNex will also offer PIX – Pavonis Immersion Xperience – an advanced 3D simulation solution and a suite of additional services and leading-edge tools that have strategic relationships with the Pavonis Group. They include: The News Funnel, which provides customized news feeds for real estate professionals and company/association websites; ProHatch, a strategic property crowd funding solution; and Storyvine, which allows users to design and publish professional quality user-generated video into their marketing mix.
“By collectively harnessing resources from top commercial real estate technology service providers across the industry, RealNex is creating a singular dynamic solution that will help users manage their businesses more efficiently,” said Mr. Finn. “By taking advantage of the natural synergies that exist among this initial portfolio as well as continuing our ongoing campaign to acquire and develop other market leading technologies, RealNex will be a game changer for the commercial real estate profession. But most importantly, instead of raising prices to deliver all of these value-added services, RealNex will reduce user cost by bundling them into one economical software platform.”
RealNex represents the fourth component of Pavonis Group’s core operations which currently includes Pavonis Capital Partners, a planned series of real estate and technology funds; Pavonis Strategic Advisors, a C-suite level business, real estate and technology consulting practice; and PIX (Pavonis Immersion Xperience), a 3D rendering and virtualization business.
About The Pavonis Group
The Pavonis Group was formed to transform the commercial real estate industry by leveraging the partners' extensive collective expertise and experience in the global real estate, capital markets and technology industries to deliver solutions that will improve the efficiency and transparency of the industry. Headquartered in Houston, TX, Pavonis Group includes 11 partners who are based around the world. The partners are a Who’s Who of industry leaders, including former executives from Argus Software, IBM, BMC, ING Global Real Estate, Credit Suisse, NAI Global and the former head of the real estate program at Indiana University.
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