Zillow Group Acquires Home Touring Company ShowingTime for $500M
Zillow Group said it will pay $500 million to acquire ShowingTime, a Chicago-based real estate company that sells software to facilitate home showings.
ShowingTime has a network of nearly one million agents across North America and facilitated more than 50 million showings last year. Its software is used by 370 Multiple Listing Services. The 225-person company also produces market reports.
Zillow will take advantage of ShowingTime’s technology for its Premier Agent business. The Seattle company said it plans to keep ShowingTime as an “open platform” available to anyone, much like it has with previous acquisitions including Dotloop and Bridge Interactive.