EDR and ExactBid Will Now Operate Under One Brand: EDR

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Combining platforms and resources will deliver product breakthroughs and accelerated innovation

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EDR, the pioneering leader in property due diligence technology and data, and ExactBid, a leader in real estate appraisal technology, announced today that they are now operating together under the brand of EDR. ExactBid and EDR were both acquired earlier this year by Silver Lake Partners and Battery Ventures.

“Clients rely on EDR and ExactBid to accelerate innovation and development velocity,” noted EDR CEO Chris Aronson. “Operating under a unified organizational structure and brand is an important step in achieving those vital objectives.”

As the businesses unite, clients will enjoy the best features and capabilities from each platform. The resulting “superset” platform is poised to become the industry’s most advanced technology for data, workflow management and business intelligence.

“The scope of due diligence now encompasses multiple technologies, data types and participants,” according to Albert Lojko, EDR’s Chief Operating Officer. “All players in the real estate ecosystem have been demanding advanced workflow capabilities, data and analytical tools to meet expanding requirements. The integrated EDR and ExactBid platforms will enable us to deliver to that critical standard and help our clients achieve breakthroughs in risk management.”

The ExactBid teams from Chicago, IL; Plymouth, NH; Campbell, CA and San Luis Obispo, CA will continue to support clients worldwide under the EDR banner.

About ExactBid        
ExactBid combines the power of two appraisal management software solutions to streamline complex due diligence processes for both residential and commercial real estate clients. RIMS software focuses on lenders’ due diligence needs, while Narrative1 specializes in time-saving solutions for real estate vendors. Using market-leading software and years of experience in the residential and commercial industry, ExactBid empowers customers to improve their businesses.

About EDR
EDR is a leading provider of information, technology and workflow solutions to the real estate lending and property due diligence industries, including environmental consulting firms, financial institutions, appraisers, and corporations. EDR provides web-based tools that help its clients increase operational efficiencies and better analyze and manage property-related risk. The company’s SaaS-based Collateral360® system is the fastest growing diligence/risk management workflow platform serving real estate lenders. EDR's market-leading database contains over 4.1 billion property records, including the most comprehensive repository of environmental and land use information in the United States. EDR also conducts market research and shares strategic intelligence through a variety of online channels and in-person events. http://www.edrnet.com

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Brett Dehler
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