Industry NewsTechnology

Instanet, Florida Realtors split spawns lawsuit

Dispute centers on transaction management software
Published on Nov 16, 2010

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

A decision by Florida's state Realtor association to develop its own transaction management software and cancel a contract with a vendor that had been providing those services to its members for nearly a decade has triggered claims and counterclaims by both parties in U.S. District Court.

The vendor, Concepts In Data Management U.S. Inc. -- better known to its customers as Instanet Solutions -- alleges that a subsidiary of Florida Realtors Inc. utilized confidential information including software code to reverse engineer CDM's Web-based transaction management services, TransactionDesk and Forms Online Gold.

Comments