Four multiple-listing-services have formed a consortium to acquire Vienna, Va.,-based digital MLS Remine.
The group of acquiring MLSs includes First Multiple Listing Service in Atlanta, MIAMI REALTORS®, ACTRIS MLS in Austin, Texas, and Heartland MLS in Kansas City. The group Acquired Remine through the venture MLS Technology Holdings LLC.
Remine was founded in 2015 and offers the Docs+ transaction-management platform, Remine Pro, Remine Mobile, Add/Edit for single point of entry, Remine’s SSO dashboard and MLS 2.0®.
According to a press release announcing the transaction, Remine has “reimagined the digital real estate journey by connecting consumers, agents and lenders in one solution.”
The firm’s services cover much of North American real estate, including nearly 60 MLS markets that represent more than 1.2 million real estate professionals.
Calgary-based Ayrshire Group made a continued investment.
“MLSs have taken a backseat to advancing technology that serves our subscribers and consumers for far too long,” said Emily Chenevert, chair for MLS Technology and CEO of the Austin Board of REALTORS® and ACTRIS MLS. “At a time when consolidation is occurring across the industry, this investment ensures Remine remains with a team that’s dedicated to keeping brokers and agents empowered in the real estate transaction for the benefit of the consumers they serve.”
The Remine platform will provide Realtors, brokers and MLS boards with access to MLS and broad public record data in a single view, according to the release, which added that Remine will allow Realtors to see on- and off-market properties in one place, while connecting in real-time with potential buyers or sellers.
MLS Technology’s board of directors also includes Teresa King Kinney, MIAMI REALTORS® CEO; Jeremy Crawford, First Multiple Listing Service president and CEO; Daniel Forsman, Berkshire Hathaway HomeServices | Georgia Properties president and CEO; Kipp Cooper, CEO for the Kansas City Regional Association of REALTORS® and Heartland MLS; and Phil Swift, Ayrshire Group’s executive chairman in Calgary.
Truist Securities served as financial adviser to MLS Technology, and Alston & Bird LLP served as its legal counsel. GCA Advisors served as exclusive financial adviser to Remine, and Cooley LLP served as its legal counsel.