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TRIBUS announces it has sold its investment of Vancouver-based software company Retsly as Zillow, Inc. purchased the company for an undisclosed amount.
Chicago, IL (PRWEB) July 16, 2014
TRIBUS announced it has divested of its investment in Retsly, a software company that normalizes multiple listing services data so developers can create more comprehensive and easy-to-use products for the real estate industry.
Chicago-based TRIBUS invested in Retsly in September 2013 after Director of Strategy Eric Stegemann took notice of the immense necessity of such software. In his advisory role, Stegemann used his extensive knowledge of the real estate landscape to guide Retsly toward success.
Stegemann, taking from his past experience owning a successful brokerage in St. Louis, helped to pave the way for the startup. He offered guidance of what strategies work best with MLS data and what brokerages are looking for.
The hard work paid off as Zillow, Inc. (NASDAQ:Z) announced its acquisition of Retsly July 16, 2014 as a way to boost its efforts to assist brokers, agents, MLSs and franchises become more efficient and successful.
TRIBUS is very proud of the entire Retsly team for its success and the quick acquisition of the company. We saw the value early on, not only of the technology, but also the team behind it, says Eric Stegemann. Were always on the lookout to work with other great firms just like them.
DISCLAIMER: This release is for informational purposes only and does not constitute a solicitation to buy securities or make any investment in any firm by TRIBUS, LLC, it's subsidiaries, or employees.
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