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Move Inc. acquires Reesio transaction management

SAN JOSE, Calif. – Oct. 1, 2015 – Move, Inc., a subsidiary of News Corp and operator of, announced today it has acquired Reesio, a San Francisco-based document and transaction management platform that allows real estate professionals to simplify the process by bringing the entire transaction online. Transaction terms weren’t disclosed.
Reesio allows brokers and agents to collaborate and communicate online with their buyers and sellers, as well as mortgage professionals, title and escrow companies, inspectors and other service providers who are part of a real estate transaction. Each participant will be able to share, edit, sign and store transaction documents – such as offer letters, inspection reports, and loan information – in one place, Move says.
In making the announcement, Move said the acquisition would allow it to integrate Reesio’s transaction management software with another Move product, Top Producer CRM.
“This acquisition reinforces our commitment to empower people by making all things real estate simple, efficient and enjoyable,” says Move CEO Ryan O’Hara. “Reesio is a perfect fit for Move.”
“The acquisition marks the latest move in a race between Move and Zillow Group … to serve up end-to-end software that can help agents [oversee] a transaction, from cold lead to close,” wrote Teke Wiggin in Inman News. Zillow’s purchase of dotloop earlier this year, he suggests, was a “conspicuously similar acquisition.”
© 2015 Florida Realtors®
Source: Florida Realtors Feed

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