x
By using this website, you agree to our use of cookies to enhance your experience.
Graham Awards

TODAY'S OTHER NEWS

Major PropTech deal for two of the industry’s best-known names

The iamproperty group - best known for its online auction business - has snapped up cloud-based property software business VTUK for an undisclosed sum.  

Established in 1989 by Peter Grant - who will exit the business as a result of the acquisition - VTUK works with over 300 agencies across the UK and is best known for its CRM service Openview.

VTUK will now be led by operations director Adam Rackham, who has been with the business for over 20 years.   

Advertisement

A statement from iamproperty says the deal is part of its mission to modernise the property sector “and to further develop solutions and services for estate agents that have speed and security at their heart.”

Ben Ridgway, managing director at iamproperty Group, says: “This is a great opportunity for our staff and customers, creating synergies that will benefit our mutual Partner Agent Network. Where we can add real value is through our support functions, to help accelerate growth and product innovation. 

“For agents who want to continue to build their partnership with us, this will allow us to service even more of their day-to-day needs. We want estate agents to come to us for the solutions they need to drive their business forward. 

“For iamproperty, this is about continuing to develop the right solutions for estate agents and giving them access to systems that drive efficiencies and add real value to their business.”  

 

Grant adds: “We have built our product and service portfolio for over 30 years and know this move will create a bright future for VTUK and our team, allowing the company to accelerate with the dynamic support and innovation that is synonymous with iamproperty.  

“The synergies are not only in our mission and systems, but in our cultures, our vision and our commitment to customer service excellence and experience, which has always been central to the business. Service will remain at the core of our company ethos, along with our leadership team.” 

icon

Please login to comment

MovePal MovePal MovePal
sign up