Predict your next investment

INTERNET | Internet Software & Services / Real Estate
poweredbypie.co.uk

See what CB Insights has to offer

Founded Year

2006

Stage

Acquired | Acquired

Valuation

$0000 

About poweredbypie

poweredbypie is a U.K. cloud-based real estate due diligence platform.On September 22nd, 2020, poweredbypie was acquired by Dye & Durham at a valuation of $39.45M.

poweredbypie Headquarter Location

Imperium, Imperial Way Reading

Berkshire, England,

United Kingdom

Latest poweredbypie News

Dye & Durham buying U.K. company Property Information Exchange for $52.9M

Sep 24, 2020

Dye & Durham buying U.K. company Property Information Exchange for $52.9M Property Information Exchange offers cloud-based real estate due diligence products in the United Kingdom September 23, 2020   Property Information Exchange offers cloud-based real estate due diligence products in the United Kingdom. Dye & Durham said the company is a direct competitor and it plans to integrate and streamline the offerings of the two business. In connection with the deal, Dye & Durham said Sept. 22 it will raise $50 million in a private placement of shares that will be used to help pay for the acquisition. Advertisment The company completed its initial public offering and began trading on the Toronto Stock Exchange on July 17. It raised $172.5 million in the offering and over-allotment option. The acquisition was announced as Dye & Durham reported a loss of $3.8 million or 18 cents per share in its fourth quarter compared with a year-earlier profit of $1.7 million or eight cents per share.. Revenue for the quarter ended June 30 slipped to $14.2 million compared with $15.1 million a year ago. Dye & Durham says it cut $4.1 million in costs compared with its third quarter through permanent and temporary measures in response to the COVID-19 pandemic.

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.