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Advan Research Corporation acquires competitor book of business

3rd April 2023

New York, U.S. based Advan Research Corporation (, a leader in location and traffic data analytics, has succesfully acquired a peer competitor's client base and portfolio. The transaction, agreed in December 2022, cements Advan's position as a leader in the property related location data analytics field.

Advan provides location, geofence, real estate, financial and related data-as-a-service solutions to a wide range of industries from institutional and real estate investors (such as hedge funds and REITS), to data providers, insurance companies, corporates and retailers. The data is delivered via Advan’s uniquely developed cloud software platform or via data-feed or API. Whilst its core customer base is in the United States, Advan’s data spans almost every country in the world, covering thousands of location and roads worldwide.

Advan captures data including cellphone, vehicle, location demographic, CMBS locations, and company financial information, both in structured and unstructured form. They then clean, aggregate and analyze the data crossed with curated Points of Interest to provide highly valuable insight and benchmarks. These insights and reports are used by institutional and real estate investors to aid key investment decisions.

Lerner Associates was pleased to act as the exclusive buy-side M&A advisor to Advan working closely with Chairman Yiannis Tsiounnis and CEO Grigorios Reppas.


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