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EANS-News: Hypoport AG establishes a joint venture with on-geo GmbH
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Corporate news transmitted by euro adhoc. The issuer/originator is solely
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Berlin, (euro adhoc) - 2 October 2009: Hypoport and on-geo have laid the
foundations for their
future cooperation, aimed at integrating the information provided by on-geo
into the Europace platform. The various partners on the Europace transaction
platform will therefore gain simplified access to the figures they need, for
example for real estate valuations.
Hypoport and on-geo intend to cooperate in future and have established their
joint subsidiary 'Hypoport on-geo GmbH' for this purpose. The cooperation aims
to make geoinformation available to partners on Europace, the B2B platform for
transacting financing products. On-geo - a specialist provider of space-
oriented information - will link its LORA real estate software to Europace.
Linking the two systems will allow product providers on Europace to gain direct
and digitalised access to the very latest geodata and property information for
Germany. This will allow them to calculate loan values for the respective real
estate both reliably and fully automatically. Moreover, the integration will
reduce both workloads and potential errors. Making this additional service
available to the product providers on the platform represents a logical step
towards an all-in-one solution. According to Thilo Wiegand, member of the
management board at Hypoport AG: "In light of the growing complexity of the
requirements facing the financial services sector, in particular, systems that
are easy to use and offer comprehensive features are gaining in importance".
Wiegand points out that this is precisely the principle that has been applied
to simplifying processes through the cooperation between the two companies -
both technology leaders in their respective market segments.
The sales organisations on Europace will also gain integrated access to LORA as
the next step. This will enable them to access property-related information,
such as excerpts from the land register or cadastral maps, directly and without
creating any additional burden of work for their clients.
Dr. Klaus Wiegel, managing director of on-geo GmbH: "Process optimisation is a
crucial factor for efficiently structuring the real estate valuations needed in
the lending sector. This is one of the aims of our cooperation with Hypoport
AG."
About on-geo GmbH
on-geo GmbH is the leading full-service provider for real estate valuation
based on its LORA real estate platform. This platform supports all commonly
used processes for valuing real estate, property inspections and the provision
of research data for real estate valuation purposes. It can, moreover, provide
efficient order management for these processes, link decentralised local
processing agents and enable the digital transmission of expert opinions. As an
added service, research data can be accessed online via the real estate
platform.
To enable it to perform its designated function as a full-service provider for
real estate valuation, on-geo has entered into various cooperation agreements,
for example with ARGUS Software Inc., and has established joint ventures, such
as Schufa Real Estate Line or Hypoport on-geo GmbH.
Comprehensive information on the company and its activities can be found on the
website of on-geo GmbH at www.on-geo.de.
Contact
On-geo GmbH
Maximiliansplatz 5/IV
D-80333 Munich
E-Mail: [email protected]
Tel.: +49 (0)89 / 444 580 03
www.on-geo.de
About Hypoport AG
Hypoport Group is an internet-based all-round financial services provider based
in Berlin. The Group employs some 450 people. The company has been listed in
the Prime Standard on Deutsche Börse since the end of 2007. Its business model
consists of two reciprocally beneficial pillars - the sale of financial
products (Dr. Klein & Co. AG) and the provision of a platform for transacting
financial products via the internet.
Hypoport operates the EUROPACE B2B financial marketplace, which is the largest
German online platform for transacting financing products. A fully integrated
system links more than 40 product providers with several thousand financial
advisors, thus enabling the quick and direct agreement of contracts. The
platform's highly automated processes generate considerable cost benefits.
Nowadays, EUROPACE processes some 400 financing transactions every day.
Hypoport AG publishes the monthly house price index (HPX) based on real
transaction data.
A list of the banks and service providers that use the platform can be
downloaded from www.hypoport.de, as can the Annual Report 2008.
Further inquiry note:
Michaela Reimann
Group Communications Manager
Tel.: +49 (0) 30 / 4 20 86 1936
E-Mail: [email protected]
Ende der Mitteilung euro adhoc
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issuer: Hypoport AG
Klosterstraße 71
D-10179 Berlin
phone: +49(0)30 42086-0
FAX: +49(0)30 42086-1999
mail: [email protected]
WWW: http://www.hypoport.de
sector: Financial & Business Services
ISIN: DE0005493365
indexes:
stockmarkets: regulated dealing/prime standard: Frankfurt
language: English
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