Vista Equity Partners announced it is investing in Lone Wolf Real Estate Technologies to help the company as it pursues new market opportunities and expands product development efforts.
Currently, Lone Wolf serves nearly 10,000 real estate offices and 250,000 real estate professionals across the U.S. and Canada.
“Significant market opportunity exists for their core back- and front-office brokerage solutions as many brokers still use manual processes and spreadsheet-based solutions to manage business operations,” said Alan Cline, principal at Vista Equity Partners.
“We are thrilled to be working with Vista, which has an impressive track record of investing in software providers across a variety of industries, including real estate,” said Lorne Wallace, CEO of Lone Wolf. “Our attraction was the resources and expertise they bring to help us expand our offerings, drive sustainable growth, and, most importantly, deliver additional value to our clients.”
Lone Wolf was recently named among the top technology companies on the HousingWire 2015 HW Tech100™.
"Over the past 26 years, we’ve continuously developed and enhanced our technology and service offerings to leverage our clients' data, improve brokerage operations and uncover revenue opportunities for our clients," says Lorne Wallace, CEO of Lone Wolf, in a statement. "Receiving recognition as one of the top technology companies in the residential real estate industry reinforces the value of our integrated enterprise platform."