Market Leader buys Diverse Solutions from Zillow Group

The IDX platform 'no longer aligns' with Zillow Group's wider strategy

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Zillow Group has sold IDX (internet data exchange) platform Diverse Solutions to real estate software provider Market Leader, citing a change in product strategy. "There are many aspects of Diverse Solutions that have been integrated into Zillow Group, but ultimately, we decided that Diverse Solutions no longer aligns with our broader product strategy," said Zillow spokeswoman Amanda Woolley in an email. It's a bit of a sales triangle: Last year, Zillow Group sold Market Leader for $23 million to Constellation Software Inc., a Toronto-based software and services firm. Zillow had inherited Market Leader by acquiring Trulia, which purchased Market Leader in 2013 for $355 million. Tom George, vice president at Constellation Software's Perseus Operating Group, confirmed Market Leader's acquisition of Diverse Solutions but declined to disclose how much Market Leader paid for the company. Diverse Solutions provides IDX software that can power the listing search tools for...