Well it looks like the rumors were true. LPS and Sandicor made it official on Friday and inked a 4 year deal for their Paragon MLS system.
This is a huge win for LPS and a validation for their Paragon MLS system with large MLS providers. I’m also hearing some interesting things about the selection process I’m hoping to share in a later post.
Congrats to Rich Lull and his team!
Zillow to Acquire StreetEasy, New York’s Leading Real Estate Website
“StreetEasy attracts nearly 1.2 million1 monthly unique users, primarily home shoppers in the New York region. This acquisition gives StreetEasy the resources to further invest in product development and grow its audience, while offering Zillow® clear market leadership in the country’s largest and most important real estate market.”
Earlier this year we had heard the Zillow wasn’t planning any acquisitions in 2013, I guessed they changed their minds. With the recent stock run up, who can blame them. No mention of any significant revenue’s from StreetEasy.
And speaking of Zillow stock, they are offering 5 million Class A shares. Looks like 2.5 Million of them are coming from Zillow’s CEO Spencer Rascoff, Rich Barton and Lloyd Frink. Nice payday.
Here’s the special announcement Dave Liniger (RE/MAX Chairman and Co-Founder) sent out today about RE/MAX’s impending IPO.
