Zillow acquires Retsly
It was announced recently that Zillow, a website that provides real estate information to a variety of interested parties, including buyers, sellers, renters, agents and more, has acquired Retsly, a platform that helps developers to create real estate software.
Retsly's function is to make it easier for developers and data providers to collaborate, according to the company's web site. Tech Crunch explains that Retsly takes data from multiple listing services to help developers more easily access it. This ease of access will allow developers to more easily create applications for the real estate industry.
"Retsly's platform will spur tremendous innovation in the real estate space, enabling developers to build software that works across MLS boundaries and without the overhead of dealing with local data formats," said Zillow CEO Spencer Rascoff in a press release. "Retsly's team and cutting-edge technology is a great fit with Zillow and aligns with our goal to offer great value and services to our industry partners. We're thrilled to welcome Retsly to Zillow."
Retsly's co-founder went on to say that the company was committed to helping software developers get the tools they need to create real estate applications. Retsly is based in Vancouver, British Columbia. The terms of the deal were not disclosed. It is the eighth acquisition for Zillow, which also acquired StreetEasy, Mortech and HotPads, among others.
For Zillow, this acquisition seems to fit with a strategy of buying companies with other technologies that help Zillow expand its services and provide more value to customers. A well planned merger or acquisition can be beneficial for each company involved. An M&A advisor can work with your company to plan a successful acquisition strategy.