Industry NewsTechnology

SecondSpace announces layoffs; Roost expands

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

The following is a roundup of news items related to real estate technology: SecondSpace reports layoffs in failed partnership SecondSpace, a company that launched in 2006 that targets the second-home market, has laid off eight of its 54 employees because of a dissolved partnership deal, according to a report at John Cook's Venture blog. "SecondSpace had a business partnership in place with an undisclosed company," according to a company statement published at the blog site, and the company had a revenue-sharing agreement with this partner. This partner was not named. "The partner pulled out of the deal due to strategic shifts in its business, so we have redeployed some of the team members affected while working with others to transition out of the company over the next few weeks." The company also reported that its core business in working with real estate brokers, agents and developers internationally remains extremely healthy." Roost gets b...