BrokerageIndustry News

Move Inc. acquires Relocation.com for $11.5 million

Moving and storage marketplace to be merged into Moving.com
Published on Oct 11, 2012

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by CareyBot

Realtor.com operator Move Inc. has purchased Relocation.com, a consumer-facing website that links homebuyers and renters with movers and storage facilities, for $11.5 million in cash, and will merge the company into its existing lead generation business for moving professionals, Moving.com.

"Our goal is to create the leading online marketplace for real estate-related information and services," said Steve Berkowitz, Move's CEO, in a statement. "Bringing Relocation.com under the Move umbrella and merging it with our Moving.com business extends our value to consumers by increasing the resources and tools at their disposal."

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