OnTheMarket invests in Glanty Ltd

OnTheMarket has invested for a 20 percent share in Glanty Ltd, the parent company and developer of automated lettings portal, Teclet. 

OnTheMarket has also agreed an option to acquire the remaining 80 percent of Glanty.

Their intention is to offer Teclet and, potentially, further technology solutions, to its agent shareholders and customers – the next step in achieving OnTheMarket’s mission to deliver a market leading, agent backed alternative to Rightmove and Zoopla.

OTM’s £797,00 investment in Glanty gives it a 20% share and further options.

The Glanty team all previously worked in the property agency sector and/or have experience of defining and delivering software solutions.

Glanty recognized the need for a platform to support customer journeys and Teclet launched in 2016. Since then, it has gained small, medium and large estate agency groups as customers.

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