Move, Inc., operator of realtor.com, 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."