Online real estate transaction management solution Reesio has been acquired by Move, Inc. in a (ahem) move that gives real estate professionals better access to buying and selling tools. Terms of the deal were not disclosed, but Reesio’s entire team of four will be joining Move’s product development team.
A spring 2013 graduate of the 500 Startups accelerator, Reesio defines itself as a combination of Slack meets Salesforce. It claims it consolidates all the technologies that a residential real estate broker and/or agent in the United States would need, such as a customer relationship management system, transaction management, marketing, and more.
The company raised $1.38 million in seed funding, mostly from 500 Startups and Microventures.
In a blog post, Reesio chief executive and cofounder Mark Thomas wrote that the company has been about becoming the “go-to platform for all real estate professionals. Our vision was to be in every brokerage and office, servicing not only great real estate professionals … but all parties of a real estate transaction, like home buyers and sellers, title and escrow officers and others.”
Move, Inc is a subsidiary of News Corp, which is run by media mogul Rupert Murdoch, and is the operator of real estate giant Realtor.com. Likely by being a part of this entity, Thomas and his team will be able to tap into a larger audience and not have to worry about trying to sell their way into individual offices and brokerages. “Move is the only organization tied into nearly every MLS in the country,” wrote Thomas.