Media bosses invest in property data, artificial intelligence business
Summary
ACM executive chairman Antony Catalano has confirmed a significant investment in market-leading property data and AI business Propic as it continues its aggressive growth phase. The investment, by Mr Catalano and Alex Waislitz, continues the pairs strategy to build a multi-faceted but integrated media and property business. In addition to owning ACM, publisher of this website and Australias leading regional news media company, the business partners also hold equity in realestateview.com.au. "We look forward to working with Jeff and the team to not only help build the Propic business but leverage their tools for the broader group," Mr Catalano said. Mr Grey said the investment would allow Propic to significantly scale up its operations and prove Australia could lead in the AI tech space.