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Zillow Sells Off Diverse Solutions

Phil Hall
Sep 20, 2016
Five years after purchasing the online real estate marketing Diverse Solutions, Zillow has quietly sold the company to Market Leader

Five years after purchasing the online real estate marketing Diverse Solutions, Zillow has quietly sold the company to Market Leader, a subsidiary of the Bellevue, Wash.-based Constellation Software Inc.

According to a GeekWire report, Zillow sold Market Leader to Constellation Software last year for $23 million; it was purchased by Trulia (now a Zillow subsidiary) for $355 million in 2014. Zillow acquired Diverse Solutions in 2011 for $7.8 million, but the price of the sale was not made public (Zillow did not make any announcement of the transaction on its Web site’s news release page).

Diverse Solutions provides plug-ins for an Internet Data Exchange that enables real estate agents to post MLS listings to their Web sites. In a press statement, Market Leader President and General Manager Scott Smith welcomed the acquisition by claiming the Diverse Solutions product line “fit well with our strong history and track-record for delivering high-producing solutions to help real estate professionals build their businesses.” 

Sep 20, 2016
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