Just a few weeks after going public, Compass is making it’s next big move as it has announced the acquisition of Glide. The San Francisco-based transaction management platform is widely used throughout California, and Compass hopes to grow it’s reach by expanding the platform across the country and adding new features and functionalities, according to a press release.
Glide streamlines transaction management, digital disclosures, eSignatures and other forms agents typically need during home purchases.
Post-merger, the platform will remain available to any agent regardless of brokerage affiliation. Additionally, user and transaction data will be kept separate from Compass’ brokerage services.
“The Glide team has built a seamless software solution that has attracted tens of thousands of real estate agents in California, including many Compass agents who love the service. Their products have an excellent track record of saving time, reducing risk, and simplifying every step of the offer process—and of course, making complex tasks seem effortless for agents and their clients,” said Joseph Sirosh, Compass Chief Technology Officer.
As of press time, Compass has not disclosed the final purchase price for the acquisition.