OnTheMarket invests in Glanty Ltd

February 18, 2020

OnTheMarket has invested for a 20 percent share in Glanty Ltd, the parent company and developer of automated lettings portal, Teclet. 

OnTheMarket has also agreed an option to acquire the remaining 80 percent of Glanty.

Their intention is to offer Teclet and, potentially, further technology solutions, to its agent shareholders and customers – the next step in achieving OnTheMarket’s mission to deliver a market leading, agent backed alternative to Rightmove and Zoopla.

OTM’s £797,00 investment in Glanty gives it a 20% share and further options.

The Glanty team all previously worked in the property agency sector and/or have experience of defining and delivering software solutions.

Glanty recognized the need for a platform to support customer journeys and Teclet launched in 2016. Since then, it has gained small, medium and large estate agency groups as customers.

Read more here

February 18, 2020

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Affordability Calculators 1
Affordability Fears Are Growing – Are Real Estate Portals Paying Attention?

Only around 40% of listings on Zillow are affordable. Or, to put it another way, only around 40% of properties...

Read More
People Roundup Hero Image 3 April 25 1
People on the Move Roundup: REW, ImmoScout24 and REA India

This week's roundup of real estate marketplace comings and goings features executives on the move in Canada, Germany and India......

Read More
Cooperrocketacq 2
Rocket to Acquire Mr Cooper Mortgage Service for $9.4 Billion

Rocket Companies has announced a $9.4 billion all-share deal to acquire Mr. Cooper, the largest mortgage servicer in the United...

Read More
Scout24 German Houses 3
Scout24 Closes Another Data-Focused Acquisition

Germany-based marketplace operator Scout24 has continued its expansion into real estate data with the acquisition of Austrian proptech firm ImmoUnited....

Read More

Editor's Pick