R-LABS Announces Strategic Investment from New Partner Teranet
We are excited to announce a strategic investment from our new partner Teranet to expand our industry innovation platform in real estate. Teranet is Canada’s leader in modernizing statutory registry platforms and delivering insightful data intelligence and commercial solutions. In partnering, R-LABS and Teranet will launch new companies, expand the R-LABS platform capabilities in delivering innovation in the real estate industry and open new business model opportunities for Teranet.
Working in the R-LABS Open Innovation Program, Teranet’s well-established capabilities across data and analytics, digitized workflow solutions, and managed services will help create new technology enabled businesses that can help solve key challenges in housing and commercial real estate.
“I’ve had the opportunity to deliver industry innovation with Teranet in the past as the Founder of RealNet Canada,” said George Carras, Founder and CEO of R-LABS. “We are very excited to work again with the Teranet team in taking R-LABS industry innovation to the next level and help Canada be a global leader in real estate innovation”.
Together, R-LABS and Teranet are supporting the development of Canada as a centre for innovative real estate technology companies and entrepreneurs that focus on purpose-driven solutions. This partnership creates exciting opportunities for R-LABS, real estate industry stakeholders, and corporations across other industries that can help solve problems in real estate through open innovation and purpose-driven company building.