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IPO Watch: Real Matters, At Least In Canada

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Network management services provider Real Matters Inc. has filed preliminary prospectus for initial public offering in Canada. The filing is done with Ontario Securities Commission. According to Bloomberg, the Canadian real estate data firm is planning to raise around C$125 million or $96 million.

Real Matters, a cloud based real estate tech platform, claim that it serves almost sixty percent of the premium mortgage lenders in the U.S. and North America. It helps clients in optimizing management of regulated real-estate processes.

The Markham, Canada- based company was first established in 2004 as Solidifi Inc. and later transformed into Real Matters in 2010. It has around 880 employees.

On March 7, Real Matters has announced the appointment of CFO Alistair Blackburn as COO and promotion of Bill Herman as CFO. Earlier in February, the company appointed Lisa Melchior as a Director.

by RTT Staff Writer

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