Apex Group, a global financial services provider, has announced its agreement to acquire Retransform, from The Annet Group.
Retransform is a global real estate service provider offering Proptech, Technology Solutions and Business Managed Services to commercial, retail, residential and corporate real estate customers, ranging from individual owner / operators to some of the world’s largest real estate asset and fund managers. Retransform’s tech-enabled solutions improve operational efficiencies for clients, benefitting people, planet and prosperity.
Retransform is also a partner to many leading real estate software companies in addition to being Microsoft, Oracle and Salesforce experts. Their solutions are currently used by over 300 clients, supporting more than 2 billion sq. ft. of real estate delivered through a team of over 650 experts in offices across North America, Europe, the Middle East, India & Australia.
The addition of Retransform will allow Apex Group to act as a single-source provider of services across the entire life cycle of real estate investment funds, for both existing and new clients and will help drive positive environmental change in the real estate industry.
Apex Group and Annet are also establishing a Joint Venture to develop software in the areas of Data Analytics, Valuation, and Digital Twins for real estate, leveraging Retransform’s existing 4SeeTM Analytics, ValereTM and SecureTM software platforms. Retransform’s pioneering platform SecureTM offers innovative tools for the collection and analysis of environmental factors across built assets to help support the real estate sector in reducing energy usage and achieving a sustainable transition to Net Zero across property portfolios.
Peter Hughes (pictured), Founder and CEO of Apex Group commented: “We continue to build Apex Group’s technological capabilities through strategic acquisitions, innovation and partnerships with market leading providers. We are pleased to announce our agreement to acquire Retransform, a clear leader in the development and implementation of solutions for the Real Estate industry which will enable us to remain at the forefront of the technology evolution within our industry. By bringing Retransform’s technologies and capabilities into the Group we will be able to better serve the needs of our Real Estate clients, by delivering a technology-enabled single-source solution, in a way which no one else can.”
Rohan Bulchandani, Founder of Retransform and The Annet Group, said: “Retransform has been fortunate to serve the real estate industry for almost 25 years. We’re thrilled to be joining Apex Group, which shares our values and will fuel our growth. Apex Group’s single-source solution aligns with our focus on efficiency while improving client productivity. We’re excited to bring our platforms and services to Apex Group’s clients, while our pre-existing, multinational clients will soon have the added benefit of receiving local support across 38 countries where Apex has offices.”
Terms of the agreement are undisclosed. Walker Farr & Gallagher LLP acted as legal advisors to Apex Group and Aurus Legal and Marriott Harrison LLP acted as legal advisers to Retransform/Annet.
