“ShowingTime, the real estate industry’s leading showing management technology provider, announced today that it acquired RealEstate Business Intelligence (RBI) to deepen its Analytics Group offering, enabling customers to gain a richer understanding of their local real estate markets.
RBI delivers local market statistics and trends to 142 MLS organizations and nearly 500,000 agents across North America. Its SmartCharts Pro and MARKETrends Premium products and services are used by another 30,000 subscribers.”
Keep in mind that ShowingTime recently acquired 10K Research. I believe that RBI was either partly or fully owned by MRIS. 10K Research was wholly owned by the Minneapolis BOR.
A few things to comment on.
1. Consolidation is happening.
2. Love to see a vendor like ShowingTime making moves like this. It shows the confidence they have in their team and a vision for its future.
3. MLS and associations discover that its hard out there being a pimp vendor.
A great product united with a great company.
Combined with 10K and St’s vision and leadership, we should all be looking ahead to data insights and analytics that could be game changers.
Big shout out to Scott Woodard, Mike Lane and Team.