M&A Deal Summary

Zillow Group Acquires Mortech

On November 30, 2012, Zillow Group acquired internet software and services company Mortech for 12M USD

Acquisition Highlights
  • This is Zillow Group’s 4th transaction in the Internet Software and Services sector.
  • This is Zillow Group’s 8th largest (disclosed) transaction.
  • This is Zillow Group’s 5th transaction in the United States.
  • This is Zillow Group’s 1st transaction in Nebraska.

M&A Deal Summary

Date 2012-11-30
Target Mortech
Sector Internet Software and Services
Buyer(s) Zillow Group
Deal Type Add-on Acquisition
Deal Value 12M USD

Target

Mortech

Lincoln, Nebraska, United States
Mortech, Inc. is a provider of software solutions for the mortgage industry.

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Buyer(S) 1

Buyer

Zillow Group

Seattle, Washington, United States

Category Company
Founded 2004
Sector Internet Software and Services
Employees6,856
Revenue 2.2B USD (2024)
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 5 of 16
Sector: Internet Software and Services M&A 4 of 10
Type: Add-on Acquisition M&A Deals 5 of 16
State: Nebraska M&A 1 of 1
Country: United States M&A 5 of 15
Year: 2012 M&A 4 of 4
Size (of disclosed) 8 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-26 HotPads

San Francisco, California, United States

HotPads is a map-based rental housing and real estate search engine.

Buy $16M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-19 StreetEasy

New York, New York, United States

StreetEasy is a real estate listings website providing information on property sales and rentals in New York City.

Buy $50M