The firm, LightBox, is attempting to build out a real estate data and information service akin to the Bloomberg Terminal. And it has been on an acquisitions tear over the last year – in 2019, LightBox acquired four firms, including EDR and ExactBid, at a cost of $200 million.
The latest acquisition is for ClientLook, a company that provides customer management software to commercial real estate brokers. The firm was founded by Real Estate Data Executive Michael Griffin, who worked at CoStar for a decade and then had a stint at Xceligent, the real estate data firm that shut down after copyright lawsuits filed by CoStar. Griffin will be joining LightBox, he said on his LinkedIn account.
Eric Frank, LightBox’s CEO and Founder declined to disclose the acquisition price, though an estimate by Crunchbase pegs ClientLook’s annual revenue at around $1 million. While the acquisition is small when compared to LightBox’s previous acquisitions, the ClientLook’s platform will draw more commercial real estate brokers to LightBox’s platform.
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