RP Data successfully completes acquisition of Western Australian based "Home Open" and Victorian based "Localwise"

RP Data Ltd Media Announcement - 3rd January 2007

RP Data Ltd (“RP Data”, the “Company” ASX: RPX) has completed the acquisitions of two privately owned property information services providers, WA based Home Open (Real Soft Pty Ltd) and Victorian based Localwise Pty Ltd.

The two acquisitions will provide additional customers, data and intellectual property. They represent strategic “bolt-on” acquisitions for RP Data in the core real estate agent segment and position RP Data as the leading provider to real estate agents in both states.

Overview of the acquired businesses:

Home Open – was founded in 1996, and is a private owned property information services provider based in Perth. The business has core strengths through its innovative sms, newsletter and contact management functionality in addition to a core base of historic data back to 1996.

Localwise – was founded in 1996, and is a private owned property information services provider based in Melbourne. The business has a significant customer base in Victoria, a deployed software system, and comprehensive property data including listing records, zoning data and building permits.

Graham Mirabito – RP Data's CEO stated “These acquisitions are in line with our stated strategic direction to expand our penetration in all regions and are a great fit for RP Data given the customer base, core historic data assets, and software all of which will be assets contributing to the wider RP Data product portfolios, in particular attribute data for our new Valuation Services Portfolio. We also see a number of benefits to be provided for Home Open and Localwise subscribers who will now be able to access additional data services and in particular access additional products such as RP Mobile, RP’s one touch Predictive CMA, instant valuations with RP Automated Valuation Models and Property Indices with RP Market Pulse.”