Divestiture • Internet Software and Services

Market Leader Acquires FastStart Real Estate Services

On September 21, 2011, Market Leader acquired internet software and services company FastStart Real Estate Services from LendingTree

Acquisition Context
  • This is Market Leader’s 2nd transaction in the Internet Software and Services sector.
  • This is Market Leader’s 2nd transaction in the United States.

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M&A Deal Summary

Date September 21, 2011
Target FastStart Real Estate Services
Sector Internet Software and Services
Buyer(s) Market Leader
Sellers(s) LendingTree
Deal Type Divestiture

Target Company

FastStart Real Estate Services

United States
RealEstate.com is one of the most recognized addresses in the online real estate category, with consistent organic traffic and significant potential for further growth. The acquisition includes the RealEstate.com website, as well as a national network of more than 250 participating brokerage companies and hundreds of other real estate domains that Market Leader expects to put to work for its real estate professional customers.
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Buyer Overview 1

Buyer

Market Leader

Kirkland, Washington, United States

Category Company
Founded 1999
Sector Internet Software and Services
Employees270
DESCRIPTION

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.


Deal Context for Buyer #
Overall 2 of 2
Sector: Internet Software and Services 2 of 2
Type: Divestiture 1 of 1
Country: United States 2 of 2
Year: 2011 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-27 ActiveRain

Seattle, Washington, United States

ActiveRain Corp. is a provder of a social networking, blogging, and training platform for the real estate industry

Buy -

Seller Profile 1

SELLER

LendingTree

Charlotte, North Carolina, United States

Category Company
Founded 1996
Sector Financial Services
Employees860
Revenue 900M USD (2024)
DESCRIPTION

LendingTree is an online lending exchange that facilitates matching borrowers and lenders. It provides access to mortgages and refinance loans, home equity loans/lines of credit, auto loans, personal loans, credit cards, as well as access to student loans and commercial lending products. LendingTree was founded in 1996 and is based in Charlotte, North Carolina.


Deal Context for Seller #
Overall 1 of 2
Sector: Internet Software and Services 1 of 1
Type: Divestiture 1 of 2
Country: United States 1 of 2
Year: 2011 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-16 First Residential Mortgage Network

Louisville, Kentucky, United States

SurePoint Lending, originally known as First Residential Mortgage Network, was founded in 1995 by Saul Pohn in Louisville, Kentucky. Saul and twin brother Jordan Pohn have grown the company into a full service residential mortgage provider licensed in 45 states and employing over 500 people. Headquartered in Louisville, Kentucky, SurePoint has production hubs in Nashville, TN, Indianapolis, IN and Tampa, FL.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-06 Home Loan Center

Irvine, California, United States

Home Loan Center, Inc. provides online consumer direct mortgage services.

Sell -