Compass has announced that it has agreed to acquire title and escrow software startup, Modus. With this acquisition, Modus’ more than 60-person team and tech-backed closing process will join Compass’ already robust real estate platform.
On the acquisition, Compass CTO Joseph Sirosh said:
"Modus is transforming title and escrow from an offline, antiquated undertaking into a transparent tech-enabled solution that saves real estate agents time by simplifying the entire closing process.”
Modus’ CEO and Co-Founder, Alex Day explained that Compass’ customer-focused business model is in line with the way his company works.
The agreement is expected to close within the next month. Modus is the third software company transaction Compass has closed in the last 18 months. Modus joins CRM platform Contactually, and the team behind the AI-backed company, Detectica.
This week's product roundup starts in Russia, where another portal is pushing its pre-market offering... Europe: Yandex updates its...
Read More
This week's funding and investment roundup starts in Europe, where the German market leader is soaking up real estate data...
Read More
This week's people roundup starts in the United States, and one of Zillow's flagship products... United States: Zillow hires...
Read More
The largest multiple listing service (MLS) in the United States has launched its own property portal app to take on...
Read More
