Lone Wolf Real Estate Technologies Purchases Lucero Summit Software from MarketLinx
—MarketLinx and Lone Wolf Form New Strategic Partnership—
September 17, 2009, SANTA ANA, Calif.
Lone Wolf Real Estate Technologies Inc., the largest supplier of real estate office management software in North America, announced today the purchase of the Lucero Summit real estate brokerage software from MarketLinx, a leading provider of information technology to the residential real estate industry and a member of The First American Corporation (NYSE: FAF) family of companies. The sale was effective Sept. 1, 2009.
As part of this transaction, MarketLinx and Lone Wolf are also announcing a new strategic partnership that will provide for the seamless integration between both companies’ products. The integrated solution will ensure that MarketLinx and Lone Wolf customers will benefit from unparalleled productivity and out-of-the box integration.
“The acquisition of the Lucero Summit assets from MarketLinx will expand our presence to three product lines—Lone Wolf, DPN and Lucero—covering more than 7,500 real estate offices across North America. This purchase supports our commitment to providing quality back-office management solutions and confirms our belief in the future of real estate brokerage operations in this difficult market. We are looking forward to working with the current customer base of Lucero, expanding it in the future and benefiting from our strategic partnership with MarketLinx,” said Lorne C. Wallace C.A., president of Lone Wolf. “With the establishment of this customer base, we can develop the next generation of real estate brokerage software and create a solid infrastructure standard for the industry.”
“Integrating Marketlinx’s front-office solutions, such as AgentAchieve and Document Manager, with Lone Wolf’s back-office solutions will enhance our common clients’ user experience and productivity,” said Ben Graboske, chief executive officer of MarketLinx. “The integration of Lucero within the Lone Wolf Real Estate Technologies suite of products will better align each company’s product offerings and market focus.”
About Lone Wolf
Lone Wolf Real Estate Technologies includes a suite of products comprised of the Realty Management System, DPN, Global Wolf office and agent Web sites, Wolf EX company extranet, showing solutions, Wolf Tracks membership management and other ancillary products.
MarketLinx, Inc., a subsidiary of The First American Corporation (NYSE: FAF), offers a full range of products and support services to address the information technology needs of the real estate brokerage and multiple listing service (MLS) market segments. The company’s full array of capabilities streamlines the real estate listing, financing and closing processes, resulting in increased efficiency and profitability. MarketLinx provides North America’s leading MLS and real estate software systems, including solutions for broker business management, agent productivity, front- and back-office management, and MLS data aggregation and distribution. For more information, visit www.marketlinx.com.
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