10 July 2023
Announces Retransform acquisition and JV with The Annet Group
Apex Group Ltd. (“Apex Group” or “The Group”), a global financial services provider, announces its agreement to acquire Retransform, from The Annet Group (“Annet”).
Retransform is a global real estate service provider offering Proptech, Technology Solutions and Business Managed Services to commercial, retail, residential and corporate real estate customers, ranging from individual owner / operators to some of the world’s largest real estate asset and fund managers. Retransform’s tech-enabled solutions improve operational efficiencies for clients, benefitting people, planet and prosperity.
Retransform is also a partner to many leading real estate software companies in addition to being Microsoft, Oracle and Salesforce experts. Their solutions are currently used by over 300 clients, supporting more than 2 billion sq. ft. of real estate delivered through a team of over 650 experts in offices across North America, Europe, the Middle East, India & Australia.
The addition of Retransform will allow Apex Group to act as a single-source provider of services across the entire life cycle of real estate investment funds, for both existing and new clients and will help drive positive environmental change in the real estate industry.
Apex Group and Annet are also establishing a Joint Venture to develop software in the areas of Data Analytics, Valuation, and Digital Twins for real estate, leveraging Retransform’s existing 4See™ Analytics, Valere™ and Secure™ software platforms. Retransform’s pioneering platform Secure™ offers innovative tools for the collection and analysis of environmental factors across built assets to help support the real estate sector in reducing energy usage and achieving a sustainable transition to Net Zero across property portfolios.
Peter Hughes, Founder and CEO of Apex Group comments: “We continue to build Apex Group’s technological capabilities through strategic acquisitions, innovation and partnerships with market leading providers. We are pleased to announce our agreement to acquire Retransform, a clear leader in the development and implementation of solutions for the Real Estate industry which will enable us to remain at the forefront of the technology evolution within our industry. By bringing Retransform’s technologies and capabilities into the Group we will be able to better serve the needs of our Real Estate clients, by delivering a technology-enabled single-source solution, in a way which no one else can.”
Rohan Bulchandani, Founder of Retransform and The Annet Group, says: "Retransform has been fortunate to serve the real estate industry for almost 25 years. We're thrilled to be joining the Apex Group, who shares our values and will fuel our growth. Apex Group's single-source solution aligns with our focus on efficiency while improving client productivity. We're excited to bring our platforms and services to Apex’s clients, while our pre-existing, multinational clients will soon have the added benefit of receiving local language support across 38 countries where Apex has offices.”
About Apex Group
Apex Group Ltd., established in Bermuda in 2003, is a global financial services provider. With over 94 offices worldwide and 12,000+ employees in 38 countries, Apex Group delivers an expansive range of services to asset managers, financial institutions, private clients and family offices. The Group has continually improved and evolved its capabilities to offer a single-source solution through establishing the broadest range of services in the industry; including fund services, digital onboarding and bank accounts, depositary, custody, super ManCo and fund raising services, corporate services including HR and Payroll and a pioneering ESG Ratings and Advisory solution. Apex Group’s purpose is to be more than just a financial services provider and is committed to driving positive change to address three core areas; the Environment and Climate Change, Women’s Empowerment and Economic Independence, Education and Social Mobility.
Retransform, founded in 1998, is a global real estate service provider offering Proptech, Technology Solutions and Business Managed Services to commercial, retail, residential and corporate real estate customers. Retransform are experts in developing and implementing state-of-the-art technology, tailored to their client’s business requirements. Through their platforms and services, Retransform strives to create efficiencies and improve productivity, creating more time for humans to do what they do best. With offices across North America, Europe, the Middle East, India & Australia, Retransform serves > 300 customers, supporting > 2 billion sq. ft. of real estate across the globe.
Apex Group: Antonia Powell, Head of Media Relations | firstname.lastname@example.org | +44 (0)77 8990 2279
Retransform: Lynn Peters, Vice President Global Operations | email@example.com | +1 (214) 358 4330 ext. 109| +1 (972) 824 2683