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by CareyBot

Radar Logic Inc., a data and analytics company that created a home-price index used for derivatives trading, is acquiring residential real estate appraisal firm Miller Samuel Inc., according to an announcement today. Terms of the transaction were not disclosed. In April, the companies formed Radar Logic Research LLC to publish real estate research and offer consulting services. "The acquisition will strengthen both companies' insight into the residential real estate market while opening new lines of business, including monthly commentary and analysis of the metropolitan statistical areas for which Radar Logic publishes data," according to the announcement. Jonathan Miller, co-founder and current president/CEO of Miller Samuel, will serve as executive vice president of Radar Logic Inc. whil...