Acquires For $11.5 Million

Posted Oct 12, 2012 has acquired is an online real estate company and is an online marketplace that connects home buyers with renters. also connects home buyers and renters with movers and storage professionals.  Through the acquisition, will become the #1 player in online moving service. now owns and aims to be a one-stop destination for real estate listings and adjacent services like moving and storage.

“Our goal is to create the leading online marketplace for real estate related information and services,” stated CEO Steve Berkowitz. “Bringing under the Move umbrella and merging it with our business extends our value to consumers by increasing the resources and tools at their disposal. At the same time, it extends our value to the industry by giving the 40 million Americans who move each year more reasons to engage with us.” is an online resource for consumers that are preparing to move to a new home or apartment. works with pre-screening and licensing moving and auto transport to help reduce the stress consumers have with the relocation process. acquired $11.5 million in cash.  Around $9.5 million was paid on the close.  The financial impact of the transaction will be reflected in’s fourth quarter 2012 financial statements.  The acquisition is is expected during the company’s third quarter earnings calls.