Elm Street Technology, a provider of technology solutions for the real estate industry, announced this week that it acquired Consolidated Knowledge, a technology platform provider to the residential real estate and multi-family industries.
According to Elm Street Technology, the acquisition is the “next step” in the company’s ongoing efforts to consolidate the real estate industry’s “leading technology and marketing service providers.”
Over the last several months, Elm Street acquired Listingbook, a MLS data powered CRM platform, and RLS2000, a provider of IDX websites and social media marketing services.
According to Elm Street, the acquisitions are part of a series of strategic moves designed to “create a portfolio of marketing and technology products and services that, when integrated, offer a single technology solution providing lead generation to client retention services for agents, teams, brokers and others.”
Of its latest acquisition, Prem Luthra, president and CEO of Elm Street, said that the company fits in nicely with that Elm Street is trying to acocomplish.
“The products that Consolidated Knowledge has developed have enabled the company to assemble a respectable portfolio of customers, including SRE Matrix in a short period of time,” Luthra said. “We’re excited about adding their customers, team and technologies to our rapidly growing enterprise.”
Randall Kaplan, the chairman of Elm Street, said that through the combination of Consolidated Knowledge’s “engineering talent” and Elm Street’s sales and marketing capabilities, the company now plans to rapidly expand its offerings.
“Our team is excited to join the portfolio of EST’s companies and I’m personally looking forward to joining such an experienced and well respected leadership team,” Lucas Haldeman, founder and CEO of Consolidated Knowledge, said.
“The current vendor landscape in the real estate industry is way too fragmented, causing extra work and unnecessary time investments from real estate professionals,” Haldeman added. “Elm Street is devoted to developing or acquiring all products and services under one roof that today’s real state professional needs to grow their business.
Financial terms of the deal were not disclosed.