Argentina's Navent Group Ltd. expands in Peru

September 14, 2019
Share this Post: 

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

The Argentine company Navent Group Ltd. signed an agreement to acquire 100% of the assets of the digital classified portals Urbania and Aptitus, of the publishing company El Comercio S.A. (El Comercio Group), from Peru. This transaction will take place in the coming weeks and will not include those classified in the print media of El Comercio Group.

The Urbania and Aptitus portals had a sustained growth during the last years in the digital sector. In the case of Urbania, the El Comercio Group also managed to consolidate it in Peru as an absolute leader in its category, also standing out for the ExpoUrbania Real Estate Fair organization.

Navent owns the Adondevivir and Bumeran brands in Peru and is the leading online classifieds company for properties and jobs in Latin America, with a presence in Argentina, Brazil, Mexico, Peru, Chile, Ecuador, Panama and Venezuela. The company's goal is to help people achieve two important desires: find a job and a home.

"What has been achieved in these years with classified portals is an example of the ability of El Comercio Group to create brands and new digital businesses, driven through the multiplatforms of its media," said the General Manager of Business Unit Digital, Mariano Nejamkis. He added: "The group will continue to focus on the development of new products and services in the digital field."

The CEO of Navent Group Ltd., Nicolás Tejerina, added: "This operation represents one of the most important in the company's history and reflects Navent's sustained growth and leadership in the region." Then, he added: "Born as a technology company, Navent permanently seeks to improve its service to users and advertisers and through this acquisition we continue to bet on the development of these categories in Peru."

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

Join us November 12-15 for the Property Portal Watch Conference Madrid 2019.

Blue Banner 899 Euros Madrid Ppw 2019

September 14, 2019

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Zillow Housing Data
Zillow Rolls Out AI-Assisted Home Tours Nationwide

Home shoppers across the U.S. can now tour homes virtually using Zillow's free, AI-generated floor-plan tool. Zillow's AI-generated floor plan is...

Read More
Scout24 Boardroom
Scout24 Revenues Grow 15% in Q2 as User Subscriptions Grow to Nearly 300,000

Scout24, Germany's dominant portal, has released its half-year results, with strong performance across the board. Highlights include: Revenue growth of...

Read More
Shutterstock 1356000662
REA Group Smashes A$1 Billion Revenue Barrier as it Capitalizes on 'Buoyant Listings Environment' in FY22

The Australian real estate portal operator REA Group has released its report for the 2022 Australian financial year. Highlights from...

Read More
Shutterstock 502750987
Opendoor Gets Fined $62m, Partners up with Zillow

Opendoor—an iBuying specialist based in the US—has been fined by $62 million by the FTC for misleading customers and posted...

Read More

Editor's Pick