M&A Deal Summary

Zillow Group Acquires ShowingTime.com

On February 10, 2021, Zillow Group acquired internet software and services company ShowingTime.com from Accel-KKR for 500M USD

Acquisition Highlights
  • This is Zillow Group’s 10th transaction in the Internet Software and Services sector.
  • This is Zillow Group’s 2nd largest (disclosed) transaction.
  • This is Zillow Group’s 13th transaction in the United States.
  • This is Zillow Group’s 1st transaction in Illinois.

M&A Deal Summary

Date 2021-02-10
Target ShowingTime.com
Sector Internet Software and Services
Buyer(s) Zillow Group
Sellers(s) Accel-KKR
Deal Type Add-on Acquisition
Deal Value 500M USD

Target

ShowingTime.com

Chicago, Illinois, United States
ShowingTime is a residential real estate industry's showing management and market stats technology provider, with more than 1.2 million active listings subscribed to its services. Its showing products and services simplify the appointment scheduling process for real estate professionals, buyers, and sellers, while its MarketStats division provides interactive tools and easy-to-read market reports for MLSs, associations, brokers, agents, and other real estate companies, as well as recruiting tools for brokers. ShowingTime was formed in 1999 and is based in Chicago, Illinois.

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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 14 of 16
Sector: Internet Software and Services M&A 10 of 10
Type: Add-on Acquisition M&A Deals 14 of 16
State: Illinois M&A 1 of 1
Country: United States M&A 13 of 15
Year: 2021 M&A 1 of 1
Size (of disclosed) 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-06 Mortgage Lenders of America

Overland Park, Kansas, United States

Mortgage Lenders of America LLC is a provider of online mortgage lending services. Mortgage Lenders helps buyers make informed, confident decisions about their mortgage selection - whether it's a first time home purchase, refinance or veteran product. Mortgage Lenders of America LLC was founded in 2000 and is based in Overland Park, Kansas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-08 VRX Media

Milwaukee, Wisconsin, United States

VRX Media is a real estate marketing company and media services provider offering aerial drone photography, high-definition photography, virtual staging and 3D tours nationwide. VRX Media was founded in 2015 and is based in Milwaukee, Wisconsin.

Buy -

Seller(S) 1

SELLER

Accel-KKR

Menlo Park, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 19.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Accel-KKR is a private equity firm that seeks control and growth-oriented investments in middle-market technology companies. The Firm targets investments in public and private companies with revenues ranging from $15 to $150 million. Accel-KKR pursues transactions across multiple segments of the technology industry, including software, hardware and internet technologies, and IT enabled services. Accel-KKR's first fund was created in 2000 by Accel Partners and Kohlberg Kravis Roberts & Co. to invest in technology assets and businesses that were outside of each firm's core focus. Accel-KKR is based in Menlo Park, California.


DEAL STATS #
Overall 33 of 56
Sector: Internet Software and Services M&A 8 of 15
Type: Add-on Acquisition M&A Deals 19 of 29
State: Illinois M&A 1 of 1
Country: United States M&A 28 of 46
Year: 2021 M&A 2 of 14
Size (of disclosed) 8 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-14 Endalia

Zaragoza, Spain

Endalia specializes in human capital management (“HCM”) and payroll solutions capable of managing over 15 different HR functions and accurately calculating payroll in Spain. The Company is unique in being one of the only fully-integrated cloud offerings in the Spanish market that provides both a SaaS software product for internal HR management as well as specialty software-enabled services (“SES”) for customers that are looking for a professional, outsourced HR experience. Endalia was founded in 2007 and is based in Zaragoza, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-11 Seequent

Canterbury, New Zealand

Seequent is a provider in the visualization and interpretation of geological data for applications in the mining, minerals, energy, civil and environmental industries. Seequent provides software and consultancy solutions and has received wide acclaim for its flagship product, Leapfrog. Seequent was founded in 2003 and is based in Canterbury, New Zeland.

Sell $1.1B