epropservices - parent company of The Guild and Fine & Country - has made another significant PropTech acquisition, its second in three days.
Following this week’s acquisition of Starberry, one of the UK largest providers of digital marketing and lead generation technology, Toscafund-backed epropservices, has now snapped up The Property Jungle.
The Property Jungle is a supplier in the industry with over 2,300 websites built and 18 years working with sales, lettings, commercial, short term lets and new homes agents around the UK and internationally.
Jon Cooke, chief executive of epropservices, says: “The Property Jungle is another great addition to epropservices as we continue to grow our footing within the estate agency tech space. As with other sectors, estate agency is fast evolving with agents embracing virtual tools and digital marketing, an agent’s online presence is increasingly becoming their default ‘shop window’. We are pleased to be aligning ourselves with The Property Jungle, Mike and his experienced team and look forward to continuing to enhance their excellent reputation across the industry.”
Mike Smithson, founder and managing director of The Property Jungle, adds: “Under Jon’s stewardship the epropservices group is developing into a formidable PropTech destination for agents who want to use best in class technologies to progress their business. At The Property Jungle we share the same vision, values and culture, trying every day to deliver the best value in market leading services and products. When we looked at our complementary capabilities it was obvious that coming together provided extra solutions and benefits to all our clients and each other. I am very excited by us becoming a part of epropservices group and look forward to leading my team through this next part of our great Jungle adventure.”
Matthew Siebert, a Toscafund and epropservices director, adds: “As epropservices’ majority shareholder, Toscafund is very pleased to support Jon and his team’s drive to build Britain’s leading proptech services provider to the estate agency community.
“This second acquisition in a week demonstrates the company’s ambition and drive, and ensures that epropservices can deliver a full suite of digital tools to its clients.”