Zillow Inc. has announced the acquisition of Vancouver, B.C.-based Retsly, a software company that normalizes real estate data from multiple listing services so developers can build data-driven products for the real estate industry. The company also provides MLSs with the tools to manage software applications in their market and ensure their content is being used appropriately. Zillow is not disclosing the financial terms of the acquisition. Retsly, which was founded in 2013, will continue to operate from Vancouver.
The acquisition of Retsly is an extension of Zillow's efforts to provide innovative productivity tools to help brokers, agents, franchisors and MLSs be more productive and successful, and is an extension of the widely-adopted Zillow Tech Connect program. Zillow Tech Connect, launched in November 2013, enables leading technology companies to directly integrate with Zillow to help brokers and agents deliver better, smarter services to buyers and sellers.
"Retsly's platform will spur tremendous innovation in the real estate space, enabling developers to build software that works across MLS boundaries and without the overhead of dealing with local data formats," said Spencer Rascoff, Zillow CEO. "Retsly's team and cutting-edge technology is a great fit with Zillow and aligns with our goal to offer great value and services to our industry partners. We're thrilled to welcome Retsly to Zillow."
"We are committed to providing the software development community with tools that make it easier to build amazing technology products and applications for real estate professionals," said Joshua Lopour, co-founder of Retsly. "With Zillow, we look forward to accelerating the growth of a vibrant software community within the industry."