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