Front Door/Scripts Network deploys Terabitz tool in multi-year deal

by THE WAV GROUP on August 3, 2008

Terabitz ( http://terabitz.com), a technology company that helps real estate brokerages engage online homebuyers and sellers with innovative technologies, today announced that it has entered into a technology and content agreement with FrontDoor.com (http://frontdoor.com), the real estate site powered by HGTV.

FrontDoor.com features over three million real estate listings, video features from HGTV experts and a comprehensive suite of tools, guides and content. The deal with FrontDoor.com centers on two Terabitz components: A beta version of the company’s iPhone home search application and Neighborhood Explorer, which delivers rich local data in an elegant map interface.

FrontDoor’s new iPhone application, which can be accessed at http://m.frontdoor.com, enables users to search for homes based on several criteria.

The Terabitz Neighborhood Explorer allows FrontDoor’s iPhone users to view a wide array of services and amenities around any given home listing. Schools, places of worship, restaurants, banks, ATM machines, coffee houses, grocery stores and much more can be displayed with one click.

“FrontDoor delivers an experience that is richer and more compelling than that found on any other site in the real estate category, and we’re proud to be part of it,” said Terabitz CEO Ashfaq Munshi. “We believe online real estate is much more than just home search — it’s about finding a place to live, and FrontDoor gets that.” “FrontDoor exists to give people deep home-related content when and how they want it, and the Terabitz Neighborhood Explorer and iPhone application fit the bill,” said Vikki Neil, vice president of real estate for Scripps Networks, FrontDoor.com’s parent company. “Our users with iPhones can now take the FrontDoor experience with them wherever they go, and every listing on the site is now placed in a context of comprehensive neighborhood information.”

Terabitz has quickly emerged as a leading real estate technology provider since its launch last year. The company’s technology has been adopted by leading real estate brokerages around the country, including Intero Real Estate Services (CA), Metro Brokers (CO), Russ Lyon Sotheby’s International Realty (AZ), Century 21 Bowman (TX), Real Estate One (MI), Century 21 Abrams, Hutchinson and Associates (NJ), Tomlinson Real Estate (ID), RE/MAX Commonwealth (NC) and Century 21 Money World (NV). “This relationship means our content and tools and will reach millions of new users, and that’s a great thing for Terabitz,” concluded Terabitz’ Munshi. “But the real winners here are the consumers seeking places to live and the real estate agents and brokers who have partnered with FrontDoor to make those aspirations a reality.”

About Terabitz Terabitz is a Silicon Valley-based technology company. The venture-backed firm is led by a group of technology veterans with decades of executive level experience at Oracle, SGI, Applied Materials and other leading companies. For more information, please visit http://www.terabitz.com.

About FrontDoor FrontDoor.com ( http://www.frontdoor.com) is an online real estate listing service powered by HGTV, the No.1 source for home-related media content. The site currently offers more than 3 million listings of homes for sale and partners with other leaders in the home shelter category including Realogy Corporation, Prudential Real Estate and Leading Real Estate Companies of the World(TM). In addition to providing users with the latest real estate listings, FrontDoor houses expert HGTV advice and videos along with original Web series and a comprehensive library of engaging, interactive tools, guides and information. SOURCE Terabitz

 

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