APEX Analytics (formerly Voxtur Analytics) could pursue opportunistic acquisitions following a restructuring that culminated with a strategic investment from Hale Capital Partners, CEO Ryan Marshall said.

With headquarters in London, Ontario, and Tampa, Florida, the proptech company just emerged from Canada’s CCAA restructuring process. The organization, Voxtur Analytics, was an amalgamation of several companies including ILookAbout and Boxer Analytics, Marshall said. Hale was the successful stalking horse bidder for the business, he said, characterizing the process as a combination of a distressed sale and a search for the right strategic partner.

Going forward, the company, rebranded as APEX Analytics, will take a measured approach to M&A with opportunistic acquisitions to enhance its data product and expand its distribution channels, he said. “One of the biggest mistakes in the past was acquiring for growth without real alignment. Future deals will be tuck-ins, not rollups,” Marshall said.

Nevertheless, targets could be as large as the company, he said. The company now has USD 12m to USD 13m in revenue, he said. It is profitable and has between 60 and 70 employees.

APEX would be interested in acquiring data technology around valuing real estate, not service-enabled platforms. On the distribution side, it could acquire strategic partners or simply partner with them, he said.

Targets can be in the US, Canada, or outside North America. APEX has partners in Australia, Ireland, and Europe, he noted.

Hale Capital previously announced the purchase of Voxtur’s senior secured indebtedness from Bank of Montreal in September 2025, which set the stage for its eventual acquisition of APEX, announced on 13 March.

APEX provides property valuation, appraisal, and tax assessment solutions, serving lenders, investors, government agencies, and servicers. The company’s platform combines data analytics, artificial intelligence, and machine learning to deliver property valuation and appraisal workflow solutions, property tax analytics, and asset intelligence for secondary markets.

“It’s a company with a unique position at the intersection of valuation data and workflow automation,” Marshall said. The modernization of the appraisal and valuation process is driving demand along with data-driven decision-making, adoption of digital workflows for assessors and the mortgage industry.

The company has contracts with two-thirds of US counties for its sketching software and workflow management software, he said. The products are used any time a property is reassessed, Marshall said. Another of APEX’s business units does imagery and other functions for assessors. The products can be used for both residential and commercial properties.

Sketching competitors include Cama Companies, he said, adding, “We are unique in that we have multiple products. No one else does.”