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Inside Real Estate Acquires BrokerSumo

BrokerSumo LogoWAV Group would like to congratulate Inside Real Estate and BrokerSumo. Inside Real Estate acquired BrokerSumo in an all cash transaction today. Both real estate technology firms are clients of both WAV Group and RE Technology. WAV Group is highly impressed by the quality of the Inside Real Estate core product, kvCORE. Inside Real Estate acquired Kunversion last year and has expanded the platform beyond team to a full broker suite.

The kvCORE platform includes agent and broker lead generation websites, smart CRM, transaction management, an application marketplace, and integrations into many of the most popular applications in the industry. For the most part, the combination of kvCORE plus Transaction Management integration goes a long way toward a true lead to close solution. But the one thing was missing was Accounting and Commission management. With the acquisition of BrokerSumo, they have completed the suite.

BrokerSumo developed a product that allows smaller brokers and teams to manage commissions and integrate with Quickbooks. Brokers and teams can purchase the application for hundreds of dollars for a lighter system than the resources required for a Profit Power or Lone Wolf solution. I think that the largest BrokerSumo broker has about 1500 agents.

In terms of total addressable market – we think that BrokerSumo is poised for outstanding growth in 2018 with the support of the well capitalized Inside Real Estate team. BrokerSumo founder Jeremy Shoenig and a small team Continue reading