Vast.com Acquires Adaptive Real Estate Services
Vertical search company Vast.com™ announced it has acquired the technology and assets and retained the engineering expertise of Adaptive Real Estate Services LLC (ARES), a California-based provider of full-featured, hosted web sites for real estate agents and brokers.
Financial terms of the deal were not disclosed.
ARES provides real estate agents and brokers with fully-managed, MLS-compliant, customizable websites. Vast.com will add its proven search and optimization platform to ARES' offering, enabling brokers to better serve their prospects with fast, intelligent matches to currently for-sale MLS listings. The solution will be offered within Vast.com's Vast Web Solutions product suite: www.vastwebsolutions.com.
The acquisition of ARES enables Vast Web Solutions to continue to serve 60 MLS's (over 1.3 million listings) to over 300 existing ARES customers. Current ARES users will benefit from enhanced functionality provided by Vast.com, including faceted search, instant drill-down, and sub-second response times. Their service will continue uninterrupted.
"As in the Auto and Travel verticals, Vast.com is succeeding by innovating within each industry to deliver a channel-friendly search solution with enormous value for end users," said Ben Clark, vice president and general manager of Vast Real Estate. "The ARES acquisition will help us serve brokers with innovative search within an MLS compliant solution."
As an MLS compliant technology provider, the Vast Web Solutions product is distinct from Vast.com's classified real estate listings. To see examples of Vast Web Solutions (formerly ARES) public websites, visit http://www.vastwebsolutions.com/solutions.html.
Vast.com is a leading white-label platform for vertical search in Autos, Travel and Real Estate, with millions of users per month making purchasing decisions through Vast.com's partner network. Founded in 2001 and backed by Clearstone Venture Partners and Leapfrog Ventures, Vast.com has brought together a team of experienced Internet executives from Epinions, Zillow, Trilogy, Paypal, and CoreMetrics. Vast.com is headquartered in San Francisco with offices in Belgrade, Serbia.