Compass Agrees to Acquire Real Estate Transaction-Management Platform Glide - WIRE.RealEstate

Compass Agrees to Acquire Real Estate Transaction-Management Platform Glide

Apr 28, 2021 12:44 PM ET


 Compass, Inc. has entered a definitive agreement to acquire Glide Labs, Inc., a real estate transaction management platform company. Used by more than 60,000 real estate professionals across California, Glide provides agents with critical transaction management tools such as offer and transaction management, digitization of key forms, eSignature and digital disclosures. Compass will continue to invest in Glide to increase its reach amongst agents and partners, within and outside of Compass, and plans to expand to states across the country.

“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.

Founded in 2017 by Sebastian Tonkin and Henry Liu, Glide aims to modernize agent workflows by streamlining transaction management, digital disclosures, eSignatures, and other essential forms. The platform is used on over half of California residential real estate transactions and is offered as a member benefit by more than 60 associations of REALTOR® and MLS organizations. Glide will continue to serve all agents no matter their brokerage affiliation, and to ensure the trust of non-Compass agents, all Glide user data will be housed on dedicated servers and separated from Compass’ brokerage servers, which is reflected in Glide’s updated terms of use and privacy policy.

“Glide remains committed to being a trusted and open platform available to all agents across the industry. We are excited to invest in Glide, expand Glide to states across the country, and add new features and functionality for all agents,” said Greg Hart, Compass Chief Product Officer.

“Glide was founded to make real estate transactions faster, simpler and trusted for every agent and client,” said Sebastian Tonkin, Glide co-founder and CEO. “We share Compass’ vision for the future of real estate and are excited to work together to bring cutting-edge technology to the entire industry.”

The acquisition will facilitate the acceleration of adoption and innovation of Glide’s technology as agents and their clients increasingly expect a digital real estate transaction experience that is simple and pleasant for everyone. Compass anticipates that the acquisition will close in the coming days, subject to customary closing conditions.

About Compass
Founded in 2012, Compass is a leading real estate technology company, providing an end-to-end platform that empowers its residential real estate agents to deliver exceptional service to seller and buyer clients. The platform includes an integrated suite of cloud-based software for customer relationship management, marketing, client service, brokerage services and other critical functionality, all custom-built for the real estate industry. Compass agents utilize the platform to grow their business, save time and manage their business more effectively. For more information on how Compass empowers real estate agents, one of the largest groups of small business owners in the country, please visit www.Compass.com.

About Glide
Glide’s mission is to make real estate transactions faster, simpler and safer for real estate professionals and their clients. Glide is one of the fastest-growing transaction management solutions designed to enhance client service at every step of the home sale journey. Agents, brokers, and teams can access Glide for free at www.Glide.com.

See Campaign: http://www.Compass.com
Contact Information:
www.Compass.com

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