Two proptech giants enter merger agreement

February 17, 2020
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Two tech platforms announce merger to offer agents a solution to growing their practices outside of brokerage affiliation.

IDX and CRE business building solution and proptech firm, Firepoint, along with CRM provider for real estate professionals, Realvolve, have jointly announced they are merging to form one, independently owned technology company with a focus on enabling agents and teams to grow their practices and utilize the new tech for their businesses, regardless of brokerage affiliation.

Both companies have decided naturally to merge, bringing together two powerful proptech platforms that compliment each other when it comes to helping clients on their journey to bettering their own offerings.

With this merger, Realvolve's Dave Crumby, will continue in his role as CEO, and Firepoint's Gabe Cordova, will stay President of the new combined company. In the short-term, the joint company will undergo deep integration of all products that will now be offered under the unified brand. 

The combined team has already started their hiring process to curate the best teams for the kind of high-end work they have in store for the new platform.

Dave Crumby, CEO of Realvolve, said:

“Fundamental shifts are already underway in the industry that will reward only the strongest, entrepreneurial-minded agents, leaving the rest behind. Our goal is to serve those agents with best-in-class technology that helps them drive more efficient growth in their businesses and their teams, no matter where they hang their license.”

Recent acquisitions in the real estate technology industry have turned the agent’s business upside down in some cases, requiring them to make fast decisions just to keep their systems running. The merger of Firepoint and Realvolve aims to give agents and teams the foundational technology that will keep them from ever being in that point of vulnerability again."

Gabe Cordova, President of Firepoint, added:

“Technology has become a cornerstone for today’s best agents and teams. This is why we’re focused on building and evolving a tech stack that agents mold to their practices, integrate seamlessly with other tools, and take the entire stack with them wherever they go.

“We’re really excited to be merging two solid teams that each have a deep understanding of the real estate business and how technology can become a differentiator for top agents. There’s a lot of exciting things on the horizon for us.”

Integration of the two companies’ teams and efforts is already underway. Realvolve and Firepoint are both privately owned companies, and terms of the merger were not disclosed.

February 17, 2020
Victoria has been writing about property portals and marketplace sites for Online Marketplaces for over 3 years. She is also our resident artist and is responsible for all of the infographic content on the site.

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