Acquisition's like this help us diversify but are also structured to ensure the acquired company generates increased revenues going forward. We continue to explore and seek out similar transactions as part of our expansion into other market segments.
Wappingers Falls, NY (PRWEB) January 28, 2009 - January 28, 2009
AgencyLogic (http://www.agencylogic.com), the largest real estate industry provider of single property Websites in North America, announced that they have acquired Realasites (http://www.realasites.com), a Texas based single property Website provider, in a deal involving cash and future revenues.
AgencyLogic will continue the operation of the Realasites brand via their Private Label software using the platform to expand into the rental property market.
"We are aware that our product has the ability to expand beyond residential real estate and into other property and non-real estate markets," said Stephen Fells, CEO of AgencyLogic. "Acquisition's like this help us diversify but are also structured to ensure the acquired company generates increased revenues going forward. We continue to explore and seek out similar transactions as part of our expansion into other market segments."
"Feature enhancements will continue to be value based ultimately providing our clients with a Web based platform that will provide all of their marketing needs for a single property," said Mark Wayman, CIO of AgencyLogic. "With economic conditions being as they are we are committed to not only doing this for the residential market but for the rental market through the Realasites brand."
For more information, visit http://www.realasites.com
About AgencyLogic Vendor Programs
As the popularity of single property Websites continues to grow, AgencyLogic has created two programs that allow individuals, brokers and large organizations to sell PowerSites through an Affiliate or Private Label Program. Included with both programs are various marketing tools, administration systems, pricing and commission flexibility, credit card processing, technical support, and a software platform that can be quickly and seamlessly integrated into existing offerings and infrastructure. AgencyLogic's Vendor Programs can benefit any type of company looking to add a competitive service and additional revenue stream to their business.
AgencyLogic is a division of Network Earth, Inc., a technology company founded in 1995 that specializes in Web-based software development for businesses. Network Earth's expertise includes application and Website development with the company recently moving into the social networking world with the formation of Social Gears, LLC. Today, PowerSites are the company's main product, and are revolutionizing the way Realtors are marketing properties online by allowing them to affordably create a single Website for every listing. For more information, please visit http://www.netearth.com, http://www.agencylogic.com, http://powersiteblog.com or http://www.socialgears.com .
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