Hypoport AG

EANS-News: Hypoport AG establishes a joint venture with on-geo GmbH

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Joint Ventures/Cooperation/Collaboration/New Products

Berlin, (euro adhoc) - 2 October 2009: Hypoport and on-geo have laid the foundations for  their future cooperation, aimed at integrating   the  information  provided  by  on-geo into the Europace platform. The various partners  on  the  Europace  transaction platform will therefore gain simplified access to the  figures  they  need,  for example for real estate valuations.

Hypoport and on-geo intend to cooperate in future  and  have   established  their joint subsidiary 'Hypoport on-geo GmbH' for this purpose. The  cooperation  aims to make geoinformation available to partners on Europace, the B2B  platform  for transacting financing   products.  On-geo  -  a  specialist  provider  of  space- oriented information - will link its LORA real estate software to Europace.

Linking the two systems will allow product providers on Europace to gain  direct and digitalised access to the very latest geodata and property  information  for Germany. This will allow them to calculate loan values for the  respective  real estate both reliably and fully automatically.  Moreover,  the  integration  will reduce both workloads and  potential  errors.  Making  this  additional  service available to the product providers on the platform  represents  a   logical  step towards an all-in-one solution.  According  to  Thilo   Wiegand,  member  of  the management board at Hypoport AG: "In light of  the  growing  complexity  of  the requirements facing the financial services sector, in particular,  systems  that are easy to use and offer comprehensive features  are  gaining  in  importance". Wiegand points out that this is precisely the principle that  has   been  applied to simplifying processes through the cooperation between  the  two  companies  - both technology leaders in their respective market segments.

The sales organisations on Europace will also gain integrated access to LORA  as the next step. This will enable them  to  access   property-related  information, such as excerpts from the land register or cadastral maps, directly and  without creating any additional burden of work for their clients.

Dr. Klaus Wiegel, managing director of on-geo GmbH: "Process optimisation  is  a crucial factor for efficiently structuring the real estate valuations needed  in the lending sector. This is one of the aims of  our  cooperation  with  Hypoport AG."

About on-geo GmbH on-geo GmbH is the leading  full-service  provider for  real  estate  valuation based on its LORA real estate platform. This  platform  supports  all  commonly used processes for valuing real estate, property inspections and  the  provision of research data for real estate valuation purposes. It can,  moreover,  provide efficient  order  management  for  these  processes,  link   decentralised  local processing agents and enable the digital transmission of expert opinions. As  an added service, research  data can  be  accessed  online  via  the  real  estate platform.

To enable it to perform its designated function as a full-service   provider  for real estate valuation, on-geo has entered into various cooperation  agreements, for example with ARGUS Software Inc., and has established joint  ventures,  such as Schufa Real Estate Line or Hypoport on-geo GmbH.

Comprehensive information on the company and its activities can be found on  the website of on-geo GmbH at www.on-geo.de.

Contact On-geo GmbH

Maximiliansplatz 5/IV D-80333 Munich E-Mail: kontakt@on-geo.de

Tel.: +49 (0)89 / 444 580 03 www.on-geo.de

About Hypoport AG Hypoport Group is an internet-based all-round financial services provider  based in Berlin. The Group employs some 450 people. The company  has  been  listed  in the Prime Standard on Deutsche Börse since the end of 2007. Its  business  model consists of  two  reciprocally  beneficial  pillars  -  the  sale  of   financial products (Dr. Klein & Co. AG) and the provision of a   platform  for  transacting financial products via the internet.

Hypoport operates the EUROPACE B2B financial marketplace, which is   the  largest German online platform for transacting financing products.  A  fully  integrated system links more than 40 product   providers  with  several  thousand  financial advisors, thus enabling the  quick  and  direct  agreement  of  contracts.  The platform's highly  automated  processes  generate  considerable  cost  benefits. Nowadays,  EUROPACE  processes  some  400  financing  transactions   every    day. Hypoport AG publishes  the  monthly  house  price  index (HPX)  based  on  real transaction data.

A list of the  banks  and  service  providers  that  use  the   platform  can  be downloaded from www.hypoport.de, as can the Annual Report 2008.

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ots Originaltext: Hypoport AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Michaela Reimann
Group Communications Manager
Tel.: +49 (0) 30 / 4 20 86 1936
E-Mail: michaela.reimann@hypoport.de

Branche: Financial & Business Services
ISIN:      DE0005493365
WKN:        549336
Börsen:  Frankfurt / regulated dealing/prime standard

Weitere Meldungen: Hypoport AG

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