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.

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