Property Finder has agreed to collect UAE-primarily based JRD Group, a real estate tech issuer, and Crop space, a CRM solution utilized by real estate professionals. No financial phrases were disclosed. As a part of the acquisition, I mean Group will entirely exit its investment in JRD Group. Property Finder is subsidized with the aid of General Atlantic.
PRESS RELEASE
DUBAI, United Arab Emirates, April 8, 2019,/PRNewswire/ — Middle East actual estate classifieds website Property Finder has signed an agreement to acquire its competitor JRD Group, a UAE-primarily based real estate technology company, proprietor of properties portal Justproperty.com and Crop space, an outstanding broking CRM solution utilized by real estate experts.
Michael Lahyani, Founder and Chief Executive Officer of Property Finder, said: “Property Finder and JRD Group percentage the same client-centric philosophy and vision of also professionalizing the actual property market. The integration of our products and extra investment in JustProperty.com will provide customers with better insights to support them in making asset buying or renting selections.”
The acquisition may even provide real estate professionals with new, exciting possibilities and enable them to attain a larger audience and a broader implementation of CRM, property control solutions, and listing portals.
This acquisition occurred only a few months after the investment with the aid of General Atlantic in Property Finder in November 2018 and is consistent with the Group’s strategy to amplify the emblem in the UAE and put money into constructing the first-class merchandise and facts available.
Alex Nicholas and Siddharth Singh, JRD Group Founders, will live on board and become shareholders of Property Finder.
“This is an awesome outcome for us after ten years of hard work. We trust that sharing synergies will provide coherence and integration in our combined tech services to real property brokers and developers. We are notably excited about this possibility to allow JRD Group to broaden its enterprise software program merchandise and assets portals also and attain a miles larger audience through the Property Finder Group network,” stated Nicholas, co-founder and CEO of JRD Group.
