Zillow To Acquire RentJuice for $40M

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Zillow, Inc.
Z
today announced it has entered into a definitive agreement to acquire RentJuice Corporation, a San Francisco-based company, for $40 million in cash. RentJuice® provides rental relationship management software for landlords, property managers and rental brokers. The transaction is subject to satisfaction of customary closing conditions and is expected to close in the second quarter of 2012. More than 5 million current renters visit Zillow® each month on mobile and the Web, searching hundreds of thousands of rental listings. With RentJuice, Zillow adds a broad suite of tools and services for rental professionals, to help them market their inventory to renters and manage client relationships.
Posted In: NewsM&A
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