Housing industry advisors and data providers Hanley Wood|Meyers Research have acquired Bird.i, a Scotland-based company that combines satellite imagery and artificial intelligence (AI) technology to provide land and building insights.
Bird.i’s imagery processing technology shows how things are changing on the ground, allowing for timely, informed decision-making throughout the building process. The Bird.i data platform will be available for Hanley Wood | Meyers Research customers this month. Additionally, Bird.i will be integrated in Metrostudy and Zonda — the respective data products of Hanley Wood and Meyers Research — later this year.
“By merging Bird.i’s satellite imagery and the insights derived from it with our rich data on Zonda and Metrostudy, we will be powering the future of the housing industry,” said Jeff Meyers, CEO of Costa Mesa, California-based Hanley Wood|Meyers Research. “We’ll be able to create incredible efficiencies and deliver new solutions for our customers that are even faster and easier than ever before.”
Satellite imagery is a major catalyst for the development of advanced capabilities that make it possible for builders, developers, contractors and more to accurately and securely obtain real-time data on land and construction changes, the firm said.
MidOcean Partners, a middle market private equity firm focused on the business services and consumer sectors, is the controlling shareholder of Hanley Wood|Meyers Research.
