Paragon 5 out of beta

Over 200 MLSs expected to switch from earlier version

LPS Real Estate Group Inc. said a "phased release" of its new cross-platform MLS software, Paragon 5, is complete, and that more than 200 multiple listing services serving in excess of 160,000 members are expected to make the transition from Paragon 4.

LPS announced on Facebook that Paragon 5 was "coming soon" in October 2009.

But until now, many MLSs running Paragon 4 haven’t had the option of making the switch. LPS said it’s employed a three-phase release strategy to gather and respond to feedback from selected beta test sites and "minimize disruption to the MLS community."

The platform was deemed "agent ready" in November, and integration of all administrative functionality was completed in January, the company said.