Industry News

Real estate technology companies merge

Borran Software purchases Pocket Real Estate

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

A real estate software company has purchased Pocket Real Estate, a company that offers search capability of MLS property information through mobile phones and hand-held computers, company officials announced this week.   Borran Software, a developer of real estate transaction management systems, announced that it will focus on three products as a result of the merger: Pocket Real Estate; Borran Connect!, an online office information management system that integrates sales functions, contracts and transactions, listing management, scheduling and communications with back-office accounting and administration; and RealBroker, a real estate accounting system that handles sales transactions and financial reports, among other functions.   The two companies started discussions mid-2005. "As we began to explore the features and benefits of our individual product lines, it became very clear that we would complement each other very well," said Pocket Real Estate President Everett Kanes...