CoreLogic acquires Prospects Software following long partnership
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More than 500,000 real estate pros across more than 300 markets have access to Prospects’ mobile multiple listing service and customer relationship management tools.
Six months after being purchased itself, real estate data and analytics giant CoreLogic has acquired real estate tech firm Prospects Software, CoreLogic announced Tuesday.
The financial terms of the acquisition were not disclosed.
“Prospects is complementary to our Real Estate Solutions business,” CoreLogic Managing Director Devi Mateti said in a statement.
“Prospects’ software tools are already integrated with CoreLogic’s market-leading and Property Insights Platform (Realist),” he added. “This acquisition is a natural next step as we develop industry-leading capabilities that streamline workflow for real estate professionals and further our mission to help people find, buy and protect the homes they love.”
In May 2018, Irvine, California-based CoreLogic became the exclusive distributor of Montreal, Canada-based Prospects’ suite of customer relationship management (CRM) products in the United States.
Prospects also joined the CoreLogic Alliance Network, in which third-party products integrate with CoreLogic products. In May 2019, Prospects announced integrations with CoreLogic’s most popular multiple listing service platform, Matrix (now called the Listing Management Platform).
More than 500,000 real estate professionals across more than 300 markets have access to Prospects’ mobile MLS and CRM tools, according to the company. The former keeps agents connected to listings, leads, and contacts on any device while the latter helps agents organize contacts and manage customer relationships, the company said.
Charles Drouin
“Prospects and CoreLogic already share many customers,” Prospect CEO Charles Drouin said in a statement.
“By being part of the CoreLogic family we want to continue to bring market-leading innovations to homebuying technology, improve service and offer more options for our customers,” he added. “We look forward to seeing the joining of these platforms and the positive impact they will have on the industry.”
The deal’s announcement comes shortly after CoreLogic announced that its CEO, Frank Martell, stepped down, six months after CoreLogic itself was acquired by private equity firms Stone Point Capital and Insight Partners in June 2021. Stone Point Capital also partially owns another real estate tech behemoth Lone Wolf Technologies, which has been on an acquisition spree in the past year.
Inman has reached out to CoreLogic for comment and will update this story if and when we hear back.
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