TMCnet News
VHT acquires Dwellicious from W&R StudiosJul 15, 2011 (Datamonitor Financial Deals Tracker via COMTEX) -- VHT, Inc., a provider of visual marketing services to the real estate industry, has acquired Dwellicious, a social bookmarking site for real estate buyers, from W&R Studios, engaged in creating web-based software solutions for the real estate industry. All the companies are based in the US. As part of the trasaction, VHT has acquired Dwellicious technology, website and clients. Dwellicious will be integrated into the VHT ImageWorks, an online platform to provide brokerage clients with a tool for communicating with home buyers. Deal Type Acquisition Sub-Category Asset Purchase Deal Status Completed: 2011-07-14 Deal Participants Target (Company) Dwellicious Acquirer (Company) VHT, Inc. Vendor (Company) W&R Studios Deal Rationale The acquisition will enable VHT to make Dwellicious available to brokerages that use VHT's ImageWorks platform at a significantly reduced cost so their agents can develop relationships with home buyers. The integration of Dwellicious is the first of many planned enhancements to VHT ImageWorks designed to provide smarter internet tools for top real estate professionals and help them win the online battle for home buyers. |
