PropTech Poised for Growth under New Investment Leadership
Openn, a leading PropTech firm, has entered an exciting new phase with the acquisition led by Neil Rose of Tribar Capital, marking a strategic move to bolster its market presence and technological innovation.
The investment group, which includes prominent FinTech veterans Mark Kalajzich and Martin Lam, formerly of Lendi Group and Aussie Home Loans respectively, brings a wealth of experience and strategic vision to Openn. This infusion of capital and expertise is expected to propel Openn to new heights in revolutionizing the real estate transaction landscape.
“Openn’s dedication to empowering real estate agents resonates deeply with our vision. The platform’s consistent delivery of exceptional outcomes for home buyers and sellers is testament to its effectiveness. Our focus is equally on enhancing agent value by addressing critical pain points in property transactions, aiming to streamline processes and optimize client satisfaction.”
Mark Kalajzich, formerly of Lendi Group and Aussie Home Loans respectively
Martin Lam, echoing Kalajzich’s sentiments, underscored their successful track record in scaling Lendi into Australia’s premier online home loan platform. He expressed confidence in Openn’s potential to replicate and exceed such success across key markets in Australia, New Zealand, and Asia.
Under the new ownership structure, Openn will operate as a privately-held company, maintaining continuity under the leadership of CEO Sean Adomeit. This transition ensures stability while facilitating strategic initiatives aimed at enhancing operational efficiency and client-centric innovations.
Mr. Adomeit reaffirmed Openn’s unwavering commitment to empowering real estate professionals through advanced technological tools designed to streamline workflows and elevate client outcomes.
“We are thrilled to collaborate with Tribar Capital, Mark, and Martin. Their proven ability to disrupt industries and drive growth will be instrumental as we chart Openn’s course in our core markets.”
Sean Adomeit, Openn’s CEO
Openn also extended its appreciation to Peter Gibbons for his significant contributions to the company over the years, acknowledging his role in shaping Openn’s growth trajectory.
As part of its strategic recapitalization, Openn has made the decision to divest all North American operations to Final Offer LLC, focusing its resources and energies on consolidating its position in the vibrant Australasian markets.
Mr. Adomeit expressed sincere gratitude for the loyalty and support from Openn’s users, emphasizing the company’s steadfast commitment to providing innovative solutions that empower real estate agents. Openn looks forward to unveiling a series of exciting new features in the upcoming months as part of its ongoing efforts to enhance user experience and effectiveness in the industry.
This strategic acquisition marks a significant milestone for Openn, positioning it for continued innovation and expansion under the strategic guidance of Tribar Capital, supported by the operational expertise of Kalajzich and Lam.
