In a move designed to create the largest real estate brokerage platform in North America, Lone Wolf Technologies has acquired Instanet Solutions, a leading provider of transaction management, electronic forms, and eSignature solutions for the real estate industry.
According to Lone Wolf officials, the move helps the company supplement its suite of residential real estate software solutions that are proven to help brokerages improve their operational efficiency, reduce costs and boost revenue.
Lone Wolf Technologies offers residential real estate software, with products in over 10,000 offices across Canada and the U.S.
Bringing together Instanet and Lone Wolf paves the way for the industry’s first fully integrated end-to-end solution with transaction management, electronic forms, eSignatures, MLS listing upload, back office accounting, and CRM.
“Instanet is an industry leader in transaction management solutions for the residential real estate market. The company has over 500,000 licensed users, as well as a tight integration with some of the largest MLSs in North America,” said Patrick Arkeveld, CEO of Lone Wolf Technologies. “The acquisition strengthens our stance in this market by providing our clients with a unique end-to-end solution to drive all of their operations. A fully integrated transaction management-to-back office accounting solution is exactly what our clients are looking for, as it will radically improve the day-to-day experience of running and working in a real estate brokerage.”
Instanet is the provider of TransactionDesk, a transaction management solution comprised of several cloud-based products for document and file management, electronic forms, eSignatures, and file review and compliance. In the last year alone, real estate professionals completed 10 million signings through Instanet, while also submitting over 22 million documents and creating 31 million forms.
Arkeveld added that the acquisition will improve the experience for their agents and increase the value of TransactionDesk as a member benefit for those MLSs and associations that are providing Instanet products to their members today.
Lone Wolf will be investing millions of dollars into the combined Lone Wolf and Instanet platforms to enhance the product suite and further integrate the solutions, providing brokerages with a single system to manage their businesses effectively.
“We are thrilled to join an amazing technology provider who, like us, has a long history of providing best-in-class solutions to the real estate industry,” said Martin Scrocchi, Founder, President and CEO of Instanet Solutions. “This is fantastic news for our customers and the real estate industry at large. Like Instanet, Lone Wolf offers comprehensive, time-saving tools that enable real estate brokerages to take charge of their operations. Together, we can make our client’s experience even better through the industry’s first transaction management-to-back office accounting solution.”