Radix completed the acquisition of redIQ for $20m.

Radix, a small passenger service system provider, completed the acquisition of redIQ, a provider of advanced software solutions, for $20m. “Integrating redIQ’s underwriting and analytics data with the Radix platform will provide complete asset life cycle insights for all stakeholders. From investment to disposition, our clients will have the data to inform business decisions at every level and every stage of investment. Particularly as the industry faces ever increasing costs to operate and softening market fundamentals, accurate asset valuation and a clear picture of the investment ecosystem will be essential. This acquisition is a fundamental step in Radix's mission to create the most comprehensive real estate intelligence platform,” Blerim Zeqiri, Radix CEO and Founder.