M&A Deal Summary

Constellation Software Acquires Market Leader

On September 3, 2015, Constellation Software acquired internet software and services company Market Leader from Zillow Group for 23M USD

Acquisition Highlights
  • This is Constellation Software’s 3rd transaction in the Internet Software and Services sector.
  • This is Constellation Software’s 2nd largest (disclosed) transaction.
  • This is Constellation Software’s 32nd transaction in the United States.
  • This is Constellation Software’s 2nd transaction in Washington.

M&A Deal Summary
Date 2015-09-03
Target Market Leader
Sector Internet Software and Services
Buyer(s) Constellation Software
Sellers(s) Zillow Group
Deal Type Divestiture
Deal Value 23M USD

Target

Market Leader

Kirkland, Washington, United States
Market Leader, founded in 1999, provides online technology and marketing solutions for real estate professionals across the United States and Canada. The company serves more than 135,000 real estate agents, brokerages and franchisors, offering complete end-to-end solutions that enable them to grow and manage their businesses.

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Buyer(S) 1

Buyer

Constellation Software

Toronto, Ontario, Canada
Category Company
Founded 1995
Sector Software
Employees19,000
Revenue 8.4B USD (2023)
DESCRIPTION

Constellation acquires, manages and builds vertical market software businesses that provide mission-critical software solutions to address the specific needs of its customers in those industries. Constellation Software was founded in 1995 and is based in Toronto, Ontario.

DEAL STATS #
Overall 44 of 48
Sector (Internet Software and Services) 3 of 3
Type (Divestiture) 8 of 9
State (Washington) 2 of 3
Country (United States) 32 of 34
Year (2015) 2 of 2
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-10 InterAct911

Winston-Salem, North Carolina, United States

InterAct911 Corp. providing streamlined, automated dispatch and mapping software solutions for public safety agencies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-04 Dealer Information Systems

Bellingham, Washington, United States

Dealer Information Systems Corp. is a provider of business system software to agricultural, construction and material handling dealers and distributors in North America. Headquartered in Bellingham, Washington with customers across the United States and Canada.

Buy -

Seller(S) 1

SELLER

Zillow Group

Seattle, Washington, United States
Category Company
Founded 2004
Sector Internet Software and Services
Employees6,682
Revenue 1.9B USD (2023)
DESCRIPTION

Zillow Group operates real estate and home-related information marketplaces on mobile and the Web, with a portfolio of brands and products to help people find information about homes and connect with local professionals. The Zillow Group portfolio of consumer brands includes real estate and rental marketplaces Zillow, Trulia, StreetEasy and HotPads. In addition, Zillow Group provides advertising services to real estate agents and rental and mortgage professionals, helping to create business opportunities and connect to consumers. Zillow also owns and operates brands that offer technology solutions to real estate, rental and mortgage professionals, including DotLoop, Mortech, Diverse Solutions and Retsly. Zillow Group was founded in 2004 and is based in Seattle, Washington.

DEAL STATS #
Overall 2 of 2
Sector (Internet Software and Services) 2 of 2
Type (Divestiture) 2 of 2
State (Washington) 2 of 2
Country (United States) 2 of 2
Year (2015) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-22 DotLoop

Cincinnati, Ohio, United States

DotLoop is a company that simplifies real estate transactions by enabling brokerages, real estate agents, and their clients to share, edit, sign and store documents digitally.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-03 Naked Apartments

New York, New York, United States

Naked Apartments, Inc. is an online portal real estate and home-related information marketplaces.

Buy $13M
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