Eldridge Industries’ Post

🌐 Constellation Real Estate Group (CREG) has recently acquired Showcase IDX, previously owned by eXp World Holdings, parent company of eXp Realty, Virbela, and SUCCESS® Enterprises. This acquisition marks a significant milestone in the real estate technology sector, expanding CREG's portfolio and reinforcing its commitment to innovation. 🚀 🔍 Showcase IDX's Evolution: Founded in 2003, Showcase IDX has grown to become a leader in IDX and property search technology. Acquired by eXp World Holdings in August 2020, it has since been a pivotal player in the real estate tech space, serving thousands of agents across 100+ brokerages and teams in the United States. 🌐 Cross-Industry Leadership in Tech: The acquisition by CREG highlights the importance of versatile leadership in technology and real estate. Contrary to industry-specific hiring, research such as David Epstein's "Range: Why Generalists Triumph in a Specialized World" suggests that the most effective leaders often possess broad, cross-industry expertise. This approach is particularly beneficial for mid-market companies in technology and real estate, where innovative thinking and adaptability are key. 📈 Market Dynamics and Growth: The acquisition reflects current trends in venture capital, private equity, and M&A. Similar to other significant acquisitions in the tech space, this move by CREG is indicative of the ongoing consolidation and investment in real estate technology. It underscores the value of strategic acquisitions in driving growth and innovation. 💼 Constellation's Proven Track Record: CREG has a history of nurturing successful B2B technology companies, investing in go-to-market resources, marketing, operations, and customer success. This acquisition is in line with their long-term approach to purchasing and growing leading real estate technology companies. 🏢 Constellation's Diverse Portfolio: CREG's portfolio includes 22 other brands, each committed to delivering exceptional experiences for consumers and industry partners. This acquisition of Showcase IDX adds to their broad set of technology solutions, further enhancing their market presence. 🔥 Showcase IDX's Continued Growth: Despite the recent slowdown in the real estate market, Showcase IDX's leadership team has successfully grown the company. Their expertise in modern marketing and product development has been crucial in navigating market changes and driving company expansion. 👀 For more insights into this acquisition and its broader implications in the real estate technology sector, read the full article on PRWeb. https://lttr.ai/ANcoz #RealEstateTechnology #MergersAndAcquisitions #SaaS #MarketTrends #PropTech #DigitalTransformation #ShowcaseIDX #ConstellationRealEstateGroup #exprealty #expproud

🌐 Constellation Real Estate Group (CREG) has recently acquired Showcase IDX, previously owned by eXp World Holdings, parent company of eXp Realty, Virbela, and SUCCESS® Enterprises. This acquisition marks a significant milestone in the real estate technology sector, expanding CREG's portfolio and reinforcing its commitment to innovation. 🚀 🔍 Showcase IDX's Evolution: Founded in 2003, Showcase IDX has grown to become a leader in IDX and property search technology. Acquired by eXp World Holdings in August 2020, it has since been a pivotal player in the real estate tech space, serving thousands of agents across 100+ brokerages and teams in the United States. 🌐 Cross-Industry Leadership in Tech: The acquisition by CREG highlights the importance of versatile leadership in technology and real estate. Contrary to industry-specific hiring, research such as David Epstein's "Range: Why Generalists Triumph in a Specialized World" suggests that the most effective leaders often possess broad, cross-industry expertise. This approach is particularly beneficial for mid-market companies in technology and real estate, where innovative thinking and adaptability are key. 📈 Market Dynamics and Growth: The acquisition reflects current trends in venture capital, private equity, and M&A. Similar to other significant acquisitions in the tech space, this move by CREG is indicative of the ongoing consolidation and investment in real estate technology. It underscores the value of strategic acquisitions in driving growth and innovation. 💼 Constellation's Proven Track Record: CREG has a history of nurturing successful B2B technology companies, investing in go-to-market resources, marketing, operations, and customer success. This acquisition is in line with their long-term approach to purchasing and growing leading real estate technology companies. 🏢 Constellation's Diverse Portfolio: CREG's portfolio includes 22 other brands, each committed to delivering exceptional experiences for consumers and industry partners. This acquisition of Showcase IDX adds to their broad set of technology solutions, further enhancing their market presence. 🔥 Showcase IDX's Continued Growth: Despite the recent slowdown in the real estate market, Showcase IDX's leadership team has successfully grown the company. Their expertise in modern marketing and product development has been crucial in navigating market changes and driving company expansion. 👀 For more insights into this acquisition and its broader implications in the real estate technology sector, read the full article on PRWeb. https://lttr.ai/ANgbt #RealEstateTechnology #MergersAndAcquisitions #SaaS #MarketTrends #PropTech #DigitalTransformation #ShowcaseIDX #ConstellationRealEstateGroup #exprealty #expproud

🌐 Constellation Real Estate Group (CREG) has recently acquired Showcase IDX, previously owned by eXp World Holdings, parent company of eXp Realty, Virbela, and SUCCESS® Enterprises. This acquisition marks a significant milestone in the real estate technology sector, expanding CREG's portfolio and reinforcing its commitment to innovation. 🚀 🔍 Showcase IDX's Evolution: Founded in 2003, Showcase IDX has grown to become a leader in IDX and property search technology. Acquired by eXp World Holdings in August 2020, it has since been a pivotal player in the real estate tech space, serving thousands of agents across 100+ brokerages and teams in the United States. 🌐 Cross-Industry Leadership in Tech: The acquisition by CREG highlights the importance of versatile leadership in technology and real estate. Contrary to industry-specific hiring, research such as David Epstein's "Range: Why Generalists Triumph in a Specialized World" suggests that the most effective leaders often possess broad, cross-industry expertise. This approach is particularly beneficial for mid-market companies in technology and real estate, where innovative thinking and adaptability are key. 📈 Market Dynamics and Growth: The acquisition reflects current trends in venture capital, private equity, and M&A. Similar to other significant acquisitions in the tech space, this move by CREG is indicative of the ongoing consolidation and investment in real estate technology. It underscores the value of strategic acquisitions in driving growth and innovation. 💼 Constellation's Proven Track Record: CREG has a history of nurturing successful B2B technology companies, investing in go-to-market resources, marketing, operations, and customer success. This acquisition is in line with their long-term approach to purchasing and growing leading real estate technology companies. 🏢 Constellation's Diverse Portfolio: CREG's portfolio includes 22 other brands, each committed to delivering exceptional experiences for consumers and industry partners. This acquisition of Showcase IDX adds to their broad set of technology solutions, further enhancing their market presence. 🔥 Showcase IDX's Continued Growth: Despite the recent slowdown in the real estate market, Showcase IDX's leadership team has successfully grown the company. Their expertise in modern marketing and product development has been crucial in navigating market changes and driving company expansion. 👀 For more insights into this acquisition and its broader implications in the real estate technology sector, read the full article on PRWeb. Link in comment #RealEstateTechnology #MergersAndAcquisitions #SaaS #MarketTrends #PropTech #DigitalTransformation #ShowcaseIDX #ConstellationRealEstateGroup #exprealty #expproud

Discover the latest chapter in Vanti's journey as it joins forces with Torpedo Factory Group Factory, navigating through challenges with resilience and innovation. Led by CEO Mike Brooman, this acquisition marks a pivotal moment in the company's evolution, promising new opportunities and growth. #PropTechBuzz #Vanti #TorpedoFactory #Acquisition #Innovation #SmartTech #PropertyDevelopment #Resilience #GrowthOpportunities Read more-https://lnkd.in/gXUPqgk3 -------- If you are a proptech company and want to promote your products, go to proptechbuzz.com and submit your products. For investors or proptech buyers, sign up on our platform to stay informed about exciting updates and trends in the Proptech Ecosystem.

Celebrating a Decade of SmartCap: 10 Years of Innovation & 15 Years of Excellence in Real Estate! We are thrilled to share a momentous milestone with you all as, SmartCap, our esteemed private equity real estate company, is marking a decade of transformative success! SmartCap focuses on anticipating market trends, strategically acquiring or developing properties that lead the market. Today, as we celebrate our 10-year anniversary, we are also also reflecting on our broader journey of excellence in the commercial real estate sector. It all began with our very first deal on January 1, 2010, a pivotal moment that ignited our passion for reshaping communities, reshaping landscapes, and providing high ROI’s to our investors. For the past decade, SmartCap has been at the forefront of innovation, consistently delivering projects that redefine industry standards and exceed expectations. With over $460 million in total transactions, and nearly $500MM in current assets under management, our track record speaks volumes. Our commitment to excellence is further exemplified by our portfolio's impressive 23% IRR paid to investors, net of fees and expenses over the last decade. At SmartCap, we put investors first by offering industrial-strength values in both office and warehouse investments. We prioritize not just profits, but enduring partnerships built on trust and transparency. As we commemorate this milestone, we extend our deepest gratitude to our investors, partners, and dedicated team members who have been instrumental in our journey. Your trust, support, and shared vision have propelled us forward and enabled us to make a meaningful impact in the world of commercial acquisitions and development. Join us in celebrating 10 years of SmartCap, alongside 15 years of pioneering excellence in the industry. Here's to the achievements of the past and the exciting opportunities that lie ahead! #SmartCap #CommercialDevelopment #IndustrialDevelopment #OfficeInvestments #WarehouseInvestments #10YearAnniversary #15YearsOfExcellence #RealEstate #Innovation #Milestone #BuildingTheFuture

🌐 In a pivotal move for the real estate industry, eXp World Holdings has acquired Showcase IDX. Kevin Kaufman and Fred Weaver's YouTube discussion sheds light on this strategic acquisition, highlighting its significance in the evolving landscape of real estate technology. 🚀 🔍 Showcase IDX's Impact: Renowned for its IDX service, Showcase IDX has revolutionized property search on online and mobile platforms. This acquisition by eXp Realty is more than just expanding services; it's about integrating cutting-edge technology to enhance the real estate experience. 🌐 Strategic Technological Control: In today's market, every company is essentially a technology company. This acquisition underscores the critical need for mid-market companies, especially real estate brokerages, to have strategic control over essential technologies. It's about owning the tools that will define future business success. 🔥 Opportunities Unlocked: The integration of Showcase IDX's technology with eXp Realty opens up new avenues for innovation in CRM, lead generation, and online property search. This move is a testament to eXp's commitment to providing comprehensive, tech-driven solutions to its agents and clients. 🤝 Efficiency and Innovation: eXp's acquisition history, including Showcase IDX, reflects a clear focus on efficiency and technological advancement. These strategic moves are reshaping how real estate professionals interact with technology and the market. 📈 Broader Industry Impact: This acquisition is not just about technological enhancement; it's about empowering real estate professionals with superior tools and improving the overall consumer experience in the property market. 💼 Critical Role of Go-to-Market Leaders: The success of such technological integrations heavily relies on the expertise of senior go-to-market leaders. Their role in effectively rolling out these technologies is crucial in realizing the full potential of such strategic acquisitions. 🌟 Future Prospects: eXp's acquisition of Showcase IDX is a significant step towards a more integrated, efficient, and advanced real estate technology ecosystem. It exemplifies the importance of strategic technology control in driving business growth and innovation. 👀 For a comprehensive understanding of this acquisition's impact on the real estate technology landscape, watch Kevin Kaufman and Fred Weaver's discussion on YouTube. https://lttr.ai/AMjJF #RealEstateTechnology #InnovationInRealEstate #PropertyTech #TechAcquisition #BusinessStrategy #TechnologyLeadership #FutureOfRealEstate #martech #b2b #midmarket #middlemarket

Exploring the juxtaposition of portfolio company BOXABL's financial and operational realms, this article mirrors the essence of Charles Dickens's "A Tale of Two Cities," revealing a stark contrast between the company's financial challenges and its progressive strides in innovation. Despite disappointing revenue figures and increased liabilities, Boxabl's commitment to enhancing production efficiency and expanding market reach forecasts a promising horizon underpinned by strategic executive appointments and technological advancements. https://lnkd.in/dfb7k-W8 #Boxabl #affordablehousing #proptech #tinyhomes #modernhomedesign #newhomedesign #futurehome #boxablstock #FinancialAnalysis #OperationalImprovements #Innovation #HousingMarket #Sustainability #StrategicDevelopment #TechnologyInConstruction #privateequity #VentureCapital #vc #PreIPO #IPO #investing #familyoffice #wealthmanagement #venture #minimalist

Proptech Labs Acquires reHeroes (Rental Heroes) Proptech Labs the leader in AI first technology solutions for property management, is thrilled to announce the acquisition of reHeroes, a prominent innovator in the property management space. This acquisition marks a significant expansion for Proptech Labs, having previously acquired Maintenance Manager and Inspection Manager in 2022 and 2023 respectively.   The acquisition of reHeroes brings with it more than 130,000 properties and 415,000 users under its umbrella, along with 3,200 property managers.   Over the past two years, reHeroes has achieved a remarkable growth rate of 386%, a testament to its robust platform and leadership.   With this acquisition, the total number of properties managed through one or more the Proptech Labs platforms, will exceed 1.5 million.   We looking forward to continuing to build on the work that Ben Burton and Dominik Chmielewski and extend our gratitude to the founders of reHeroes for their exceptional efforts and achievements in reaching these milestones and look forward to integrating the reHeroes team.   #propertymanagement #propertymanagers #acquisition   Rafael Niesten Gary Hunter Tracey Worthington Chinthaka Dissanayake Andrew Yatras Carrie Vernon Daniel Streek Gerald Sumcad Kaylen Kelly Kunal Nair Patrick Tantamco Shelley Cooper

THE DUE DILIGENCE DIALOGUE This October, Sales Primer celebrates its first year as an official content provider for VANTEC Angel Network.  Over the last 12 moths, we’ve been delighted to host a monthly “Traction & Trajectory” workshop for presenting Founders.  Helping Founders understand how to incorporate “high-level” numbers into their 5 minute pitch.  Numbers that will convey a compelling investment opportunity.  Numbers that will telecast a Founder’s fluency in their models.  But what are those models?  And where will the conversation go during due diligence? The 5 minute pitch is only the beginning of an extensive investor dialogue.  Founders often ask how they need to prepare for the “deeper-dive.”  There is a natural sequence of topics a more experienced investor will want to explore, once you’ve convinced them about the efficacy of your tech, and its potential for protection.  It boils down to three broader buckets: 1.     Market Model ·               What’s the problem and the solution? ·               What’s life like before and after adoption?   ·               How significant are those differences / outcomes? = VALUE. ·               How big is this market? ·               Who’s the competition?  How are you different?  Better? ·               How can you protect your position? 2.     Business Model – The Three “C’s” ·               How do you win Customers? (SALES) ·               How do you build Capacity to serve those customers? (OPS/HR) ·               How do you establish and maintain positive Cash? (FINANCE) -   Minimum Cash Needs  -   Funding Requirements Over Time -   Revenues to reach Cash-Flow Positive? -   Revenues to reach 10X ROI for Angels? 3.     Investor Model ·               Investment Amount vs. Pre-Money Valuation ·               Money Raised to Date ·               Available Sources (e.g. Equity, Debt, Grants) ·               Instruments (e.g. Shares vs. SAFE) ·               Target ROI (and equivalent Revenue) ·               Timeframe to ROI ·               Additional Funding Rounds During This Timeframe ·               Exit and/or Liquidity Event for Investors This is not a well understood discourse for many Founders.  Even for some investors.  We recognize VANTEC Angel Network for its efforts in trying to better train Founders in this exercise.  Sales Primer is excited to help VANTEC Angel Network in this mission.  Let us know where you need help in “Selling Your Story” using your numbers. Because without sales, all else fails. #Founders #Angels #Fundraising #InvestorModels #SalesModels #Finance #FinancialModels #GrowthModels #ROI #Pitch #DueDiligence

Biscom’s sale to Concord Technologies marks ParkerGale Capital's 14th exit of the 21 platform companies we have acquired over the years. It marks our 10th exit to a larger private equity fund (or PE-backed acquirer). As we have stayed maniacally focused on the smallest end of the private equity market, we are often the farm system for bigger funds competing up-market from us. We think this works well for us, our investors, and our management teams. Along with the sale of SMA last fall and IPRO this summer, the Biscom sale marks the 3rd exit we have closed during what many believe is one of the worst distribution years the private equity market has ever experienced. We have not relied on CVs, NAVs, or other products to generate distributions for our LPs. We’re old-school investors — we buy, we try to improve, and we sell in good markets and bad ones. We are proud of our success in today's tough market. A huge thank you to Bill Ho and his family for trusting us with their baby. A huge thank you to Dave Lucey and the Biscom team, who worked tirelessly to transform a 40-year-old software company in less than two years to achieve such a great outcome. And a huge thank you to my team, especially Eleanor Welles-Gertz, Caroline Phipps (Dreher), Cass Gunderson Ziebel, and Paul Stansik, for putting the company and this process on your backs to get us across the finish line. If you know my work-wife Jim Milbery he's not in it for the credit, so I won't mention him here (oops). At ParkerGale, we like to say that we do private equity with you, not to you. If that sounds like how you want to do business, whether you are a founder, a seller, a CEO, an investor, or a banker, please reach out and say hello.