SAN JOSE, Calif., Oct. 1, 2015 /PRNewswire/ -- Move, Inc., a
subsidiary of News Corp [NASDAQ: NWS], [NASDAQ: NWSA]; [ASX: NWS],
[ASX: NWSLV] and operator of realtor.com®, a leading online
destination for real estate services, announced today it has
acquired Reesio, a San
Francisco-based document and transaction management platform
that allows real estate professionals to simplify the process for
home buyers and sellers by bringing the entire transaction online.
Terms of the transaction were not disclosed.
Reesio provides brokers and agents with a platform to
collaborate and communicate with home buyers and sellers, mortgage
professionals, title and escrow companies, inspectors and other
service providers, making the transaction process transparent and
speeding communication to relevant parties. Reesio's secure online
platform allows collaborators to share, edit, sign and store
transaction documents such as offer letters, inspection reports,
and loan information in one place, and helps brokers and agents to
reduce transaction errors and risk by allowing workflow templates
to guide the steps and requirements for closing.
As part of Move's commitment to provide the most stringent data
protection in the industry and uphold the highest standards for
information and document security, Move has changed Reesio's terms
of service to align with its belief in the privacy of brokers' and
agents' transaction information.
"Reesio is a perfect fit for Move, allowing us to provide
industry partners, brokers and agents an end-to-end software
solution for managing their business through all phases of the real
estate transaction and simplifying what can be a lengthy and
complicated process for home buyers and sellers," said Move CEO
Ryan O'Hara. "Reesio was built by
real estate professionals for real estate professionals. Partners
wanted the benefit of Top Producer CRM integrated with transaction
management software. This acquisition reinforces our commitment to
empower people by making all things real estate simple, efficient
and enjoyable."
The acquisition strengthens Move's suite of professional
software and responds to brokers and agents request for an
end-to-end solution to help them increase productivity and manage
their business. It offers an attractive user interface and solid
platform from which to build an innovative digital workplace in a
way that meets the needs of today's home buyers and sellers. Move
is now positioned to soon offer a complete and seamless experience
for brokers and agents with the integration of Reesio into Move's
suite of professional software products.
Reesio's four founding partners, who bring a combination of real
estate brokerage and technology experience, will join Move.
"We are excited to be joining Move and realtor.com®," said
Mark Thomas, co-founder and CEO of
Reesio. "This transaction provides us with the resources necessary
to continue to build on the platform we've created. Move's deep
commitment to the professional software side of the business and
the real estate industry, generally, aligns with our vision of
creating an all-in-one technology platform for brokers and agents.
By joining forces, we can ensure that real estate professionals
have the tools they need to connect with consumers through every
stage of the transaction process. We think our offering is a better
alternative for the industry, brokers and agents than our
competitors."
About Move, Inc. and realtor.com®
Move, Inc., operates the realtor.com® website and
mobile experiences, which provide buyers, sellers and renters of
homes with the information, tools and professional expertise they
need to discover and create their perfect home. News Corp [NASDAQ:
NWS], [NASDAQ: NWSA]; [ASX: NWS], [ASX: NWSLV] acquired Move in
November 2014, and
realtor.com® quickly established itself as the fastest
growing online real estate service provider in the first half of
2015 as measured by comScore.
As the official website of the National Association of
REALTORS®, consumers know they can look to
realtor.com® for the most comprehensive and accurate
information anytime, anywhere. With relationships with more
than 800 multiple listing services (MLS), realtor.com®
has more than 3 million for-sale listings, which account for more
than 97 percent of all MLS-listed for-sale properties. More
than 90 percent of the listings are updated every 15 minutes.
Move's network of websites provides consumers a wealth of
innovative tools, including Doorsteps®, Moving.com™,
SeniorHousingNetSM and others. Move supports real
estate professionals by providing many services to grow their
businesses in an increasing digital, on-demand world, including
ListHub™, the nation's leading listing syndicator and centralized
intelligence platform for the real estate industry;
TigerLead®; Top Producer® Systems;
FiveStreetSM and Reesio as well as many free
services.
Forward-Looking Statements
This document contains certain "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995. These statements are based on management's views and
assumptions regarding future events and business performance as of
the time the statements are made. Actual results may differ
materially from these expectations due to changes in global
economic, business, competitive market and regulatory and other
factors. More detailed information about these and other factors
that could affect future results is contained in News Corp's
filings with the Securities and Exchange Commission. The
"forward-looking statements" included in this document are made
only as of the date of this document and we do not have any
obligation to publicly update any "forward-looking statements" to
reflect subsequent events or circumstances, except as required by
law.
Media Contact: Christie
Farrell, Christie.farrell@move.com, (408) 558-7115.
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visit:http://www.prnewswire.com/news-releases/realtorcom-operator-move-inc-acquires-reesio-allowing-real-estate-professionals-to-simplify-home-buying-and-selling-process-300152314.html
SOURCE Move, Inc.