WAV Group Week in Review September 18 2011

The predominant buzz in real estate this week was focused on successful and unsuccessful buyouts. On the successful side of buyouts, a talented team of managing executives from LPS was able to complete a buyout of non-MLS products and form a new company called RED, an acronym for Real Estate Digital. In a more straightforward buyout, CoreLogic purchased MLS provider Tarasoft, rolling that system under their Marketlinx brand. On the unsuccessful side of buyouts, the Arizona State Association of REALTORS was unsuccessful in its bid to purchase the shares of ARMLS, its first leg in a course to develop a [...]

By |2018-05-03T21:25:28-07:00September 18th, 2011|Main category, MLS Insights|0 Comments

RPR is in good hands with LPS and RED

It would seem that some MLSs were a bit concerned about the bifurcation of service being provided to RPR by LPS. According to the announcement, Real Estate Digital, or RED will be continuing to do what that group has always done in terms of data aggregation. Only now, RED will be a subcontractor to LPS. In a letter today, RPR CEO Dale Ross submitted the following: This e-mail is a courtesy message from RPR about the press release issued yesterday from Real Estate Digital (RED), announcing a management buy-out of select assets of LPS Real Estate Group and the formation [...]

By |2018-05-03T21:25:29-07:00September 15th, 2011|Main category, MLS Insights|0 Comments

LPS issues announcement on MLS Services division

  Transfers Products to Newly-Formed Real Estate Digital (RED), and Enters into a Joint Marketing Agreement with RED. In an effort to expand its commitment to and focus on the MLS market, LPS has merged its MLS business unit into LPS Applied Analytics and has sold a number of its real estate products to Real Estate Digital, LLC (RED), with whom LPS entered into a joint marketing agreement.  This new alignment will enable LPS MLS Solutions to expand and streamline its current offerings to enhance MLS solutions and better serve our customers and their clients. “Our assimilation into LPS Applied [...]

Real Estate Digital Spins Out of LPS Real Estate Group

Real Estate Digital (or RED), announced a management buy-out of select assets of LPS Real Estate Group and the formation of the new company. RED, the new privately-held corporation, will focus on the support of 12 core technology products offered to the real estate industry today: rDesk® Websites, rDesk®  CRM, rDesk®  CMA, rDesk®  IDX, Real Estate & Living Media®, reDataVault, TransactionPoint®, DocCentral, FormCentral, Data Aggregation System, Neighborhood and School Reports and MLS Portal. Executive leadership of the company includes current LPS Real Estate Group President Jay Gaskill, CTO John Hensley, CSO Prem Luthra, and CFO Mike Kovar. The company expects [...]