CompStak hires former head of $200M data analytics firm

Chris Aronson was CEO of EDR, which Daily Mail parent sold to Silver Lake

TRD New York /
Apr.April 04, 2019 08:30 AM
CompStak CEO Michael Mandel and Chris Aronson (Credit: iStock)

CompStak CEO Michael Mandel and Chris Aronson (Credit: iStock)

CompStak, the real estate analytics firm known for its leasing and investment-sales comps, has hired the former head of a $200 million data firm, as it seeks to double its footprint in the commercial real estate data industry.

Chris Aronson, who until recently was CEO of EDR, will oversee CompStak’s enterprise offering and expand the team as chief commercial officer, CompStak CEO Michael Mandel told The Real Deal. EDR was owned by Daily Mail General Trust until 2018, when the parent company of the tabloid powerhouse sold the firm to Lightbox, a joint venture of Silver Lake and Battery Ventures, for $205 million. The sale was part of a broader effort by DMGT to divest its real estate technology holdings.

CompStak was founded in 2011 and has raised $21 million from investors. It now has about 75 employees in the U.S., roughly doubling its headcount over the past quarter, Mandel said. In October the firm launched an analytics platform that allows users to compare its crowdsourced leasing and property information in real time.

When asked why he chose to join a firm markedly smaller than EDR, Aronson said that he had two other chief executive offers at larger organizations, but
felt CompStak “was the best fit for me and where i can make the best impact.” He hopes to double CompStak’s revenue over the next 12 months.

“He’s a proven company builder,” Mandel added. “It’s part of a bigger picture for us.”

CompStak is pushing into an increasingly crowded commercial real estate data space traditionally dominated by CoStar Group. That space was shaken up last year when Moody’s Analytics announced it would launch a portal called the Reis Network, to offer tools provided by multiple data companies, including CompStak.

Mandel said the company also hired a new vice president of product, Jeren Chang, who previously worked at NBC Universal in optimization products.


Related Articles

arrow_forward_ios
Clockwise from top left: 162 West 13th Street, 325 Avenue Y in Brooklyn, 1281 Viele Avenue in the Bronx (Credit: Google Maps)

Here’s what the $10M-$30M NYC investment sales market looked like last week

Eric Gordon

Eric Gordon on the evolution of the residential data game — and how to stay competitive in the new world

Big Tech locations in NYC

MAP: Here’s a look at all the Big Tech locations in NYC

Clockwise from left: 2 East 55th Street, 25-25 Borden Avenue and 91 Ludlow Street (Credit: Google Maps)

Here’s what the $10M-$30M investment sales market looked like last week

Airbnb CEO Brian Chesky and Jersey City Mayor Steve Fulop (Credit: Twitter, iStock, Airbnb)

Stakes are high as Jersey City residents vote on Airbnb

Data Book 2020 Promo

Coming soon: The Real Deal’s 2020 Data Book

1890 Lexington Avenue and 22 St. Marks Place (Credit: Google Maps)

Here’s what last week’s $10M-$30M investment sales market looked like

Warburg’s Clelia Peters (Credit: Getty Images, iStock)

Warburg’s Clelia Peters joins board of VC-backed brokerage

arrow_forward_ios