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RP Data to focus on expansion in FY11

RP Data to focus on expansion in FY11

Property database supplier (ASX:RPX) will concentrate on integrating the newly-acquired ValEx group and growing penetration for its portfolio of services in FY11.

In a note to investors, CEO Graham Mirabito said the company planned to increase transaction volumes in valuation and risk analytics, and grow ARPU with the launch of the new RP Data platform.

RP Data will also emphasise expansion into New Zealand, and be on the lookout for opportunities to expand into business segments related to its core assets, he added.

RP Data's profit grew 38.5% to $7.7 million in FY10, while its revenue increased 17.8% to $57.8 million.

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Tags RP DataGuidanceASX:RPXGraham Mirabito

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