Fintech

OJO Labs acquires real estate software platform RealSaavy

AI real estate company continues expanding

Real estate artificial intelligence platform OJO Labs acquired RealSavvy, a real estate software platform for Realtors and real estate agents that combines its Internet Data Exchange with customizable websites, branded mobile apps, and a fully-integrated predictive CRM.

In a release, OJO Labs said that with a combination of data, proprietary AI and technology platforms, it can “further its mission and offer a differentiated, comprehensive home buying and selling experience, and help agents engage at optimal times during the process.”

The company has been in growth mode for the last several years. In May 2018, OJO raised $20.5 million to expand, and earlier this year, it raised $45 million more.

And now it’s growing again.

“RealSavvy’s game-changing products and features were built to solve hard and entrenched problems that agents and brokers have wrestled with for years,” said John Berkowitz, CEO of OJO Labs said in a release. “Even more significant than the products and underlying technology, is our alignment on vision and values. Our teams invested in similar visions, not to build products or a company for a quick sale, but to create products that truly impact people’s lives in a positive way, for both consumers and the agents that serve them.” 

According to the companies, RealSavvy’s platform will be integrated into OJO Labs.

According to OJO Labs, with the addition of RealSavvy divisions, the company will offer more cutting edge technology, including AI, to the homebuying experience.

“Our visions are aligned to effect transformative changes in the behaviors of agents and consumers working together,” Rick Orr, CEO of RealSavvy said in a release. “Bringing our platforms together, with a team of exceptional talent solving hard technical problems, adds fuel to our vision and helps agents have less dependency on portals, or aging technology, giving the industry a momentus advantage.” 

Financial terms of the deal were not disclosed.

Most Popular Articles

With record-low mortgage rates, originators and real estate agents aren’t taking a holiday anytime soon

Low rates are making this summer one for the record books. Accordingly, loan officers, underwriters, real estate agents and those working in title and settlement offices are continuing to work the long hours that have become the norm since March. Not that they’re complaining.

Jul 02, 2020 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please