Online real estate company Move has acquired Threewide, operator of online real estate listing syndication service ListHub and provider of market intelligence solutions for brokers, real estate franchises and websites. Move is spending $13 million in cash for the company.
ListHub products and services include syndication of 2.4 million property listings from 270+ multiple listing services and 38,000 brokers to more than 70 real estate marketing web sites, as well as data management services and reporting analysis used to monitor online listing performance.
Here’s how Move CEO Steve Berkowitz pitches the buy:
Through our combined strengths, we’ll successfully aggregate and connect vast amounts of data from a variety of sources, ensure the data remains accurate and fresh, and standardize the market reports real estate professionals rely on to guide their online marketing efforts and demonstrate value to clients.
With this acquisition, Threewide, founded in 1999, becomes a wholly-owned subsidiary of Move Sales, a subsidiary of Move. ListHub will join Move’s other B2B brand solutions used by real estate professionals to market client listings and their brands to buyers and sellers.
ListHub products, services and the management team will remain with the ListHub brand, now backed by Move.
Move, Inc. (Nasdaq: MOVE) is the leader in online real estate with 12.7 million(1) monthly visitors to its online network of websites. Move, Inc. operates: Move.com, a leading destination for information on new homes and rental listings, moving, home and garden and home finance; REALTOR.com(R) the official website of the National Association of REALTORS(R); Moving.com; SeniorHousingNet; and TOP PRODUCER Systems. Move, Inc. is based in Campbell, California.
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