Innovative Internet solutions will automate real estate transactions.Moore Corporation Limited and VISTAinfo have signed agreements to create a strategic partnership and combine Moore's Data Management Services (MDMS MDMS Meter Data Management System MDMS Marconi Digital Multipoint System (Marconi) MDMS Maintenance Data Management System MDMS Model Driven Monitoring System (IBM) ) and CyberHomes businesses with VISTAinfo. The strategic partnership and the combined business will deliver value to rear estate professionals through the Internet and is expected to revolutionize rev·o·lu·tion·ize tr.v. rev·o·lu·tion·ized, rev·o·lu·tion·iz·ing, rev·o·lu·tion·iz·es 1. To bring about a radical change in: Television has revolutionized news coverage. 2. how all parties, including real estate brokers, agents and consumers, participate in real estate transactions. The combined company will have over 600 employees in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and is expected to have revenues of approximately $100 million. It will have access to over 300,000 agents and leading real estate franchises and related industry relationships, and will be dedicated to the Internet enablement of real estate transactions. The combined company brings together three key elements: * MDMS' proven Internet development, its relationship with brokers and agents, and support organization which provides services to half of the largest MLS' in North America: * CyberHomes, the most sophisticated consumer-oriented residential service listing site available on the Web today; and VISTAinfo, the leading and largest U.S. Internet provider Internet provider - Internet Service Provider of property risk management information. Under the acquisition agreement, which is expected to close during the third quarter, Moore will receive consideration in the form of cash and an approximate 10 to 15 percent equity position in VISTAinfo. Moore will also have representation on VISTAinfo's board of directors and play an on-going role in the company. The combination of MDMS' technology solutions to the residential real estate industry and VISTAinfo's proprietary database of location-specific real estate, environmental and insurance underwriting information in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. will provide real estate professionals nationwide with a rich product and service portfolio. As a result of the new combined business, real estate agents, consumers, law firms This list of the world's largest law firms by revenue is taken from The Lawyer and The American Lawyer and is ordered by 2006 revenue:[1]
A recent study shows that consumers' willingness to shop for homes and related services via the Internet is growing rapidly. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. The Yankee Group (the Yankee Group, Boston, MA, www.yankeegroup.com) A major market research, analysis and consulting firm founded in 1970 by Howard Anderson. It provides general consulting and strategic planning in the computer and communications field. , 90 percent of those planning to buy a home in the next year will use an on-line service, and 40 percent will apply for an on-line mortgage added. For additional information contact www.mdms.com and www.cyberhomes.com. |
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