RealtyTrac Secures Capital Investment from Renovo Capital

""RealtyTrac"":http://www.realtytrac.com said Monday that it has obtained ""a substantial capital investment"" from ""Renovo Capital LLC"":http://www.renovocapital.com through the private equity firm's Renwood Opportunities Fund.

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According to RealtyTrac, Renovo's investment provides the capital necessary to fund growth and foster expansion into untapped areas of the market.

Moving forward, California-based RealtyTrac says it will focus on expanding its data collection capabilities and footprint, while improving the user experience of its foreclosure marketplace website and developing new products to enhance the company's value proposition for individuals, investors, and real estate professionals.

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RealtyTrac also announced changes at the top of its management team. Brandon Moore has been hired to take over as CEO, and co-founder James J. Saccacio will move into an executive advisor role. Saccacio will remain a member of the RealtyTrac board.

Moore has led the expansion of several online ventures and has specific expertise in subscription-based marketing. He was most recently the SVP and general manager of One Technologies, where he was instrumental in growing the company's annual revenue over a four-year span.

Commenting on the investment transaction with Renovo, Saccacio said, ""I am excited to move forward with this venture as it will empower RealtyTrac to better serve its customers, providing them with a wider data reach, more robust foreclosure search and real estate research capabilities, and an enhanced user experience.""

With the capital infusion, Saccacio says RealtyTrac's leadership can expand on its core competencies of collecting, analyzing, and democratizing the availability of U.S. foreclosure data.

""We have identified just the right investor to partner with, and the timing of this investment is well synched with our plans for maintaining RealtyTrac's reputation as a go-to company that exceeds the needs of its customer base and addresses the exciting challenges the dynamic real estate market presents,"" Saccacio said.