May 23, 2017

Move Inc. Acquires Relocation.com

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Move Inc. Acquires Relocation.com

Move Inc., which operates Realtor.com, announced it is acquiring Relocation.com, an online company that matches home buyers and renters with moving and storage companies, for $11.5 million in cash. 

Move Inc. officials say that its acquisition of Relocation.com will help the company inch closer to becoming a one-stop destination for accessing real estate-related information and services. 

“Bringing Relocation.com under the Move umbrella and merging it with our Moving.com business extends our value to consumers by increasing the resources and tools at their disposal,” says Steve Berkowitz, Move’s chief executive officer. “At the same time, it extends our value in the industry by giving the 40 million Americans who move each year more reasons to engage with us.” 

Relocation.com features pre-screened and licensed moving, auto transport, and storage companies from across the United States and internationally. 

Source: Move Inc.