Overview
Advan Research Corporation is a private financial technology company specializing in geolocation data analytics, focusing on providing enhanced decision-making solutions for multiple industries, including financial markets, commercial real estate, and retail. With its headquarters at 11 E 44th Street, Suite 1803, New York, NY 10017, Advan's mission is to transform Big Data into actionable insights through its innovative product offerings, primarily sourced from mobile and credit card transactions. Its data sets are CCPA and GDPR compliant, boasting management of 300 billion monthly data points and geolocation data for over 150 million buildings globally.
Leadership
- Grigoris Reppas, CEO: Grigoris brings a wealth of experience in hedge fund sales and product management, previously serving as the Hedge Fund Sales Manager at MarketAxess. He holds a MSc in Financial Engineering from Kent State University and a Bachelor's in Statistics from Athens University of Economics and Business.
- Yiannis Tsiounis, Ph.D., Executive Chairman: An experienced fintech entrepreneur with a Ph.D. in Cryptography, Yiannis is known for his expertise in data security. A founder of BQuotes, he has also been a speaker at renowned institutions such as MIT and NIST.
Key Offerings
Advan offers an array of products designed to serve its core industries effectively:
- FiT: Analytics for financial markets providing insights on 7,000 companies to aid investment decision-making.
- REI (Real Estate Intelligence): Solutions focusing on tenant lists, demographics, and migration patterns for the commercial real estate sector.
- REveal, SpendView, Patterns+, REPerspectives: Business insights drawn from extensive transaction data and foot traffic analytics, tailored primarily for the retail sector.
Market Presence and Developments
As a leader in integrating innovative solutions into its product suite, Advan recently acquired the Real Estate Intelligence platform from RetailStat, augmenting its capabilities in the real estate domain. The company collaborates with a substantial network, including hedge funds, real estate investors, and retail businesses, leveraging data from over 1,000 brands to enhance market performance forecasts and business strategies.
In 2023, Advan expanded its data suite by incorporating vehicle data analytics, further strengthening its position in geolocation analytics.
Financials and Workforce
Advan Research Corporation reports an estimated annual revenue of $2.8 million, with a revenue per employee valued at $141,400. The company employs approximately 23 staff members in New York, marking a 5% growth in its workforce over the past year.
Competitive Landscape
Advan competes with diverse companies offering geolocation and specialized data solutions:
1. GetVirtualServices.com
- Revenue: $1.2M
- Employees: 10
2. Cerion Nanomaterials
- Revenue: $4.1M
- Employees: 29
3. Digital Element
- Expertise in IP geolocation and intelligence solutions, offering precise location-based services and analytics.
4. DeepData
- Specializes in SaaS solutions for the oil and gas sector, focusing on data-driven operational efficiency and production maximization.
5. OmniTier
- Provides genomic analysis solutions incorporating AI applications for healthcare and biotech industries.
Strategic Initiatives
Advan's strategic focus includes enhancing market analysis capabilities, offering insights that are 60% more accurate than traditional methods. Their institutional-grade geolocation data supports diverse operations, from tenant performance analysis to visualizing location-based foot traffic. This enables users to create instantaneous, reliable reports crucial for developing improved investment strategies and business decisions.
Contact Information
- Address: 11 E 44th St, Suite 1803, New York, NY 10017
- Phone: +1 (646) 880 6656
Advan Research Corporation positions itself as a critical player within the geolocation and analytics industry, continuously evolving its offering to assist clients in the finance, real estate, and retail sectors in optimizing operations and achieving strategic goals.
