My old employer Zip Realty is merging with a behemoth in the real estate industry, Realogy. It's an old story of giant buys little guy for its technology which they can buy cheaper than develop themselves.
This has been a couple of years in the making as Zip's management had never been able to take the company where they envisioned. Even as it was the first real estate firm breaking ground and using the Internet on a major scale with a unique business model.
So they finally got smart and hired a team to either turn it around or get it ready to sell. It's good for both notwithstanding the angst employees may deal with or their jobs.
The story details are available here: Inman News
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