CBRE Group Acquires Forum Analytics

cbre_logoCBRE Group, Inc. (NYSE:CBG) acquired Forum Analytics, LLC, a Chicago, IL-based provider of modeling and mapping solutions that assists retailers and other firms in planning their location strategies on a local, regional and national basis.

The amount of the deal was not disclosed.

Founded by Paul Sill in 2001, Forum provides SIMMS Online, a web-based mapping platform that visually represents modeling and analytic exercises, Optimizer, a proprietary market optimization algorithm for estimating total unit growth potential, and Cannibalytics, a proprietary modeling algorithm for estimating sales transfer between existing retail units.
The firm, which employs a staff of more than 20 statisticians, analysts and programmers, serves retailers and restaurants, such as Ace Hardware, Sephora, Verizon Wireless, Domino’s Pizza, Genuine Parts, Carl’s Jr., and many others.

CBRE Group is a Los Angeles-based commercial real estate services and investment firm with approximately 70,000 employees (excluding affiliates), serving real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. It offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting.

FinSMEs

26/11/2015

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