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LightBox Acquires Digital Map Products, Real Capital Markets

May 13, 2019
Commercial Real Estate, Location Intelligence
By: Jason Holte

RCM and DMP join LightBox, a new operating company formed to forever change the way decision-making happens in real estate.

We are excited to announce that we have joined LightBox in their mission to empower decision makers through every step of the real estate workflow!

LightBox Acquires Digital Map Products

From The Press Release

LightBox was formed in 2018 when technology investment firms Silver Lake and Battery Ventures acquired EDR, the leading provider of environmental due diligence information. The EDR, Collateral360 and RIMS platforms are workflow software solutions for due diligence, appraisals, and compliance. With RCM and DMP, LightBox adds important marketplace and location intelligence capabilities to its integrated set of solutions.

“We are very excited to add the new capabilities and talented teams from RCM and DMP to LightBox. We believe with the right intelligence, workflow software, industry data and analytics, the real estate decision-making process can be exponentially improved,” said Eric Frank, Chief Executive Officer of LightBox. “We’re partnering with our clients to connect key segments of the ecosystem – banks, brokers, environmental firms, land developers, builders, appraisers, buyers and more – to the right real estate technology, tools, information and to each other.”

“We know from our long history of collaboration with EDR, a respected LightBox brand, that joining LightBox is a terrific opportunity to take DMP to the next level for clients and employees,” commented Jim Skurzynski, founder and CEO of DMP. “As part of LightBox, DMP’s cloud-based location intelligence solutions like LandVision™ and our SpatialStream® web service/API will play even more important roles in the real estate marketplace and beyond.”

LightBox CEO Eric Frank concluded, “Through significant organic investment and acquisitions, we’re combining respected brands, innovative technologies, and meaningful industry data to serve a blue-chip real estate client base. We’ll continue to evaluate future opportunities that will help us expand our ability to deliver much-needed transparency, efficiency, and insights for our clients.”

About LightBox

LightBox is a leading provider of due diligence, risk management, location intelligence, marketing and workflow solutions that enable decision making for 50,000 CRE brokers, 1,100 banks and lenders, 2,000 appraisal firms, and 5,000 environmental consulting and engineering firms, with more than $470 million in services awarded and almost 28 years serving the CRE lending industry. By combining proven brands with new core business capabilities, the company is creating new solutions to facilitate transparency, efficiency, and insight for real estate. Established in 2018 and backed by Silver Lake and Battery Ventures, the company’s brands now include EDR, RIMS, Collateral 360, Real Capital Markets and Digital Map Products.

Want To Learn More?

We look forward to sharing more details about this exciting new venture in the days to come. If you have any questions, please contact Tim Tyrell-Smith at ttyrell-smith@digmap.com. To read the full press release, please click here.

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