MoxiWorks, the leading real estate technology platform, today announced it has acquired Imprev, the best-in-class provider of real estate marketing automation services. Financial terms of the transaction were not disclosed.
This follows the recent addition of Vector Capital as a significant financial investor.
Imprev's marketing service fully automates the creation of digital, social media, and print property marketing materials throughout the lifecycle of a brokerage's listings, ensuring optimum marketing practices and brand consistency across the brokerage. Imprev and MoxiWorks already share a deep integration and will now operate as one entity.
York Baur, CEO of MoxiWorks, said, "This unique partnership is highly strategic and benefits Imprev and MoxiWorks' employees, and most importantly, our collective customers. It is in the truest sense, a win-win for everyone."
This acquisition furthers MoxiWorks' mission to become the premier open platform for the entire real estate industry. Customers of both companies should expect to enjoy all current services without disruption.
"Imprev has always put brokers and agents first. Our focus on customers has been the key to Imprev's success and was an absolute requirement when selecting the team to take Imprev into the future. In MoxiWorks we found the same entrepreneurial and customer centric DNA as Imprev and we look forward to seeing our technology continue to scale with the full support of MoxiWorks and Vector Capital," said Renwick Congdon, founder and CEO of Imprev.
Robert Amen, Managing Director of Vector Capital, said, "We are pleased to support MoxiWorks' acquisition of Imprev as it continues its relentless focus on its customers, client satisfaction, and deep, cross-industry relationships. Imprev enhances MoxiWorks' technology and product offering and furthers the company's ongoing mission to make real estate technology more automated."
Adding Imprev's marketing automation to MoxiWorks' sphere-based CRM, MoxiEngage, leading CMA interactive presentation product, MoxiPresent, recruiting system, marketing suite, websites, intranet, and the renowned MoxiCloud open platform, will continue efforts to help brokers, agents, and teams increase productivity, lower costs, and better manage the home buying and selling processes.
Baur added, "We are thrilled to welcome each and every member of the Imprev team to MoxiWorks (as Moxians!) and are excited to start 2020 with all engines roaring. We are looking forward to seeing all that we can accomplish together."