Inside Real Estate Doubles Down on Innovation with New Investment

Investment Will Support New, Cutting-Edge Innovations and Expanded Offerings to Meet the Needs of Real Estate Professionals

DRAPER, UTAH, August 5th, 2020 -- Inside Real Estate, one of the fastest growing independently-owned real estate software companies and a trusted technology partner to over 200,000 top agents, teams and brokerages, is doubling down on innovation and growth. The company announced today a major new Innovation Investment focused on accelerating the use of technology to dramatically enhance the experience of real estate professionals and consumers across the entire home transaction lifecycle. The program was financed through additional investment in the Company by management and its financial partner, Lovell Minnick Partners.

In the last seven years, Inside Real Estate has invested over $200 million to create the industry's first, purpose-built platform that meets the unique needs of brokers, teams and agents—all in one tech ecosystem. The new innovation program is a natural continuation of this effort and will be dedicated to making targeted technology advancements to both front and back office platforms, as well as expanding marketplace offerings and consumer-facing applications by leveraging and integrating technologies including machine learning and artificial intelligence (AI).

"The rapidly evolving nature of the real estate industry coupled with the challenges of the current landscape demand that we expand our efforts to empower our customers with the best tools and technology to deliver even better consumer experiences, greater productivity and solutions that are easier to use," said Ned Stringham, CEO of Inside Real Estate. "Inside Real Estate started as an innovator and will continue to build upon that reputation as we expand to serve our growing network of agents, teams and brokerages."

As part of doubling research and development initiatives and investing in and expanding technology offerings, Inside Real Estate will add to both its product and customer success departments, adding leadership and team roles that will provide additional resources and expertise to partners.

"We're looking forward to growing the Inside Real Estate team and continuing to collaborate with industry professionals that share our creative vision for the future of real estate," continued Stringham. "The feedback from and needs of our customers is our top priority and key driver as we expand our team and offerings during this inflection point for our robust and ever-changing industry."