SAN JOSE, Calif., Oct. 16, 2013 /PRNewswire/ -- Move, Inc.
(NASDAQ: MOVE), the leader in online real estate, today announced
the acquisition of FiveStreet, Inc., which provides a lead
consolidation and response tool for agents, agent-teams and
brokerages. FiveStreet joins Move's expanding platform of
professional solutions, helping REALTORS® connect with consumers
and deliver exceptional customer experiences.
FiveStreet's focus is on the first five minutes after a consumer
contacts a REALTOR®. The company's software consolidates
leads from over 40 lead providers including realtor.com® and other
major real estate sites, and automates the process of rapidly
responding to, assigning and distributing leads. It provides agents
with a single unified dashboard, ensuring leads aren't lost or
overlooked, and provides web and mobile tools for rapid
response. FiveStreet already interfaces with Move's Top
Producer® CRM platform, and integration with Move's TigerLead
system is underway.
"This integration is a natural fit to our suite of professional
products," said Steve Berkowitz, CEO
of Move. "It connects the power of our lead generation solutions
with an elegant system that helps agents, teams and brokers rapidly
qualify and respond to leads, and then transfer key lead
information to our Top Producer® and TigerLead systems for further
follow-up. And, this system works not only with realtor.com®
leads but also leads generated by our competitors. Agents are
freed from the inefficiency of accessing multiple systems and
dashboards to run their business."
"Timeliness and data accuracy are hallmarks of our service to
buyers and sellers. FiveStreet helps our customers similarly
respond in a timely manner, creating an outstanding, seamless
consumer experience," he added.
The growth in online real estate is driving large increases in
lead generation from numerous sources across web and mobile
platforms. Speed in response time is critical to an agent's
success, but often one of the most challenging aspects of the
business. An industry study showed that as many as 75 percent of
online leads are lost, and nearly one in four leads receives an
average response time of eight hours.
"At FiveStreet, we addressed one of the most competitive aspects
of an agent's business – securing that first connection – by
designing a simple, elegant automated tool that not only coaches
the agent, via prompts, through the simple best practices designed
to help secure the connection, but also integrates seamlessly with
the next steps in the process," said Rusty
Klophaus, CEO and co-founder of FiveStreet. "We are
working with Move in harmony toward our shared vision of simply and
effectively facilitating the day-to-day aspects of a high
performing agent's business practice in a systematic way. We're
thrilled to be part of the powerhouse of productivity that Move is
creating with its suite of integrated solutions."
FiveStreet launched in 2012 under the direction of founders
Rusty Klophaus and Sebastian Traeger. Subsequent to the
acquisition, the FiveStreet team will join Move as employees,
continuing to expand the experience and integrate with existing
Move offerings.
About Move, Inc.
Move, Inc. (MOVE), the leader in online real estate,
operates: realtor.com®, the official website of the National
Association of REALTORS®; Move.com, a leading destination for
new homes and rental listings, moving, home and garden, and home
finance; ListHub™, the leading syndicator of real estate
listings; Moving.com™; SeniorHousingNet; SocialBios;
TigerLead®; and TOP PRODUCER® Systems. Move is based in
San Jose, Calif.
Forward-Looking Statements
This press release may contain forward-looking statements,
including information about management's view of Move's future
expectations, plans and prospects, within the safe harbor
provisions under The Private Securities Litigation Reform Act of
1995. These statements involve known and unknown risks,
uncertainties and other factors which may cause the results of
Move, its subsidiaries, divisions and concepts to be materially
different than those expressed or implied in such statements. These
risk factors and others are included from time to time in documents
Move files with the Securities and Exchange Commission, including
but not limited to, its Form 10-Ks, Form 10-Qs and Form 8-Ks. Other
unknown or unpredictable factors also could have material adverse
effects on Move's future results. The forward-looking statements
included in this press release are made only as of the date hereof.
Move cannot guarantee future results, levels of activity,
performance or achievements. Accordingly, you should not place
undue reliance on these forward-looking statements. Finally, Move
expressly disclaims any intent or obligation to update any
forward-looking statements to reflect subsequent events or
circumstances.
SOURCE Move, Inc.