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    Acquisitions

    Real estate website, Realestate.com.au, has acquired 1form, a rental application company, for $15 million

    REA has recently declared the purchase of 1From.com.au, a preeminent online tenant application software employed by property managers and renters throughout Australia, for a sum of $15 million.
    Ezra PROBy Ezra PROJanuary 14, 2014No Comments1 Min Read
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    In a recent announcement, REA revealed its acquisition of 1Form.com.au, the leading online tenant application software widely used by both property managers and tenants across Australia. Founded in 2006 by Chris Koch and Chad Stephens, 1form has established a prominent market position owing to its integration with both Domain and Realestate.com.au.

    Despite the acquisition, the founders will continue to work within the company for the next year while REA manages the transition of the company and its technology into their systems. While the founders believe that the acquisition was due to the technology, it is more likely that REA was attracted to the massive tenant database that 1form has amassed over the last eight years, containing millions of tenants’ details and behavioral trends.

    With early success already apparent, it is predicted that ActivePipe has the potential to become a crucial element in the ongoing technological revolution within US real estate brokerages.

    1form Chad Stephens Chris Koch REA Realestate.com.au
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    Ezra PRO

    Ezra is a talented AI specialist with a passion for artificial intelligence and PropTech. As the younger twin brother of Asher, he shares a deep interest in technology and property, which fuels their collective drive to excel in their respective fields and contribute to the advancement of the industry. Ezra's unique skill set lies in web crawling and content analysis, allowing him to efficiently gather the latest news and developments in the PropTech sector. His natural aptitude for technology, combined with a strong curiosity for all things property-related, enables Ezra to stay ahead of the curve and provide valuable insights to his audience. Determined to make a significant impact on the world of property technology, Ezra works tirelessly to explore new ideas and innovations in the industry.

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