BELLEVUE, WASH./ APRIL 23, 2019 (STL.News)
The Constellation Real Estate Group (CREG), a leading provider of scalable SaaS products in the real estate industry, announced today that it has entered into a definitive agreement to acquire TORCHx from Web.com.
Built with more than 20 years of industry experience, TORCHx offers cloud-based marketing solutions to the real estate industry, providing IDX websites, CRM, marketing software, and lead generation services.
The acquisition of TORCHx will further expand CREG’s presence in an otherwise fragmented real estate technology market, providing sales and marketing solutions, back office software, and mortgage loan origination and servicing solutions for over half of a million real estate agents, brokerages, MLSs, and banks across the U.S. and Canada.
“As real estate agents and brokers explore the right partners for their technology solutions, we are pleased to offer powerful front office and back office solutions through the Constellation Real Estate Group’s support, expertise, and technology,” said Scott Smith, President of Constellation Real Estate Group. “TORCHx has strong product offerings and a solid customer base. We look forward to working with the TORCHx customers in delivering great service and products to help them increase their productivity.”
Acquiring TORCHx aligns with CREG’s strategy of investing in vertical market solutions that benefit the real estate professionals that use them.
“The Constellation Real Estate Group’s deep knowledge of the real estate industry and demonstrated commitment to their vertical software brands make them an ideal partner for TORCHx,” said Sharon Rowlands, CEO and President of Web.com. “TORCHx has an exciting future ahead – joining Constellation will present a powerful opportunity to leverage decades of expertise to benefit TORCHx customers.”
Following the recent acquisition of Mortgage Builder earlier this month, TORCHx marks Constellation Real Estate Group’s second new portfolio business in 2019.
The Constellation Real Estate Group
The Constellation Real Estate Group, which operates as a part of the Perseus Operating Group and is a division of Constellation Software Inc., acquires and invests in real estate software brands that are committed to providing long-term solutions and partnerships with franchises, brokers, agents, MLSs, and banks. CREG provides a suite of market-leading technology solutions designed specifically for the real estate industry through its brands, which include: Market Leader, Constellation Web Solutions, Sharper Agent, Zurple, Z57, Diverse Solutions, Birdview, ReloSpec, Real Estate Digital, Baynet World, Inc., Mortgage Builder, and now TORCHx. Over 500,000 real estate agents, teams, and brokerages across North America rely on CREG’s products and services to power, manage, and grow their businesses.
For more information, visit: https://www.constellationreg.com
TORCHx is a best-in-class solution that combines the most important real estate tools essential to the day-to-day activities for real estate agents, teams and brokerages with a focus on lead nurturing and brand identity. The system includes a front-end website that features Multiple Listing Service (MLS) data integration, responsive design, market statistics and more. Real estate professionals can also utilize the integrated customer relationship management complete with lead tracking, email marketing, drip campaigns, automated search updates and other utilities. The team at TORCHx handles the real estate professional’s online marketing, including search engine marketing and lead generation. The TORCHx platform is used by some of the highest producing real estate professionals in the United States.
For more information about TORCHx, visit http://torchx.com
Since 1997 Web.com has been the marketing partner for businesses wanting to connect with more customers and grow. We listen, then apply our expertise to deliver solutions that owners need to market and manage their businesses, from building brands online to reaching more customers or growing relationships with existing customers. For some, this means a fast, reliable, attractive website; for others, it means customized marketing plans that deliver local leads; and for others, it means customer-scheduling or customer-relationship marketing (CRM) tools that help businesses run more efficiently. Owners from big to small can focus on running the companies they know while we handle the marketing they need. To learn how this global company collaborates with customers and employees to achieve their potential, explore http://www.web.com or follow on Twitter at @webdotcom or on Facebook at facebook.com/web.com.