"This transaction deepens our partnership with Move Concierge, provides additional capital to support our growth initiatives and secures ongoing access to LiveBy's data along with potential revenue-sharing benefits, said Marco Fregenal, CEO of Fathom Holdings. It's a true win-win that strengthens our financial position, enhances the value we deliver to agents and their clients and further positions Fathom for scalable, profitable growth. As these capabilities are integrated across our platform, we expect retention and customer satisfaction to improve."
"Gabe Abshire, CEO and founder of Move Concierge, says the move represents a strategic advantage for both companies. Supporting Fathom's 15,000 agents with our white-glove concierge services reinforces our commitment to delivering a mind-blowing experience and driving real value in every transaction, he said. We're here to help real estate professionals stand out in the market and create an elevated experience for their clients, building trust, loyalty and long-term relationships."
Fathom Holdings sold LiveBy assets to Move Concierge for $3 million, plus expected $300,000 in annual contingent payments tied to data-sharing agreements. Fathom retains five-year access to the LiveBy platform. Move Concierge will extend its white-glove concierge services to Fathom's roughly 15,000 agents. Both companies will make their services available to brokerages via the IntelliAgent platform. The transaction delivers immediate capital to Fathom while preserving data access and potential revenue-sharing. The integration of capabilities across IntelliAgent aims to boost operational efficiency, agent value, customer satisfaction, retention, and support scalable, profitable growth for Fathom and enhanced agent service offerings by Move Concierge.
Read at www.housingwire.com
Unable to calculate read time
Collection
[
|
...
]