Radar Logic Launches as Data Biz

Radar Logic Inc., New York, has announced its launch as a technology-driven analytic and data business (whose first products relate to residential real estate) that has merged with Ventana Systems Inc., Harvard, Mass.Radar Logic said the two companies have developed proprietary mathematical tools and algorithms that extract statistical information from public source data relating to residential real estate transactions. This information will be used to maintain indices representing daily cash market-equivalent prices for various categories of real estate in different metropolitan statistical areas, Radar Logic said. "Radar Logic will provide a basis for financial and business tools that will be far more accurate and timely than previously available," said Michael Feder, chief executive officer of Radar Logic. "Our indices will contribute to the further evolution of an orderly and liquid marketplace for real-estate-based derivatives." The companies can be found online at http://www.radarlogic.com and http://www.ventanasystems.com.