Real estate software company Inside Real Estate announced it has acquired BrokerSumo, a two-year-old commission management cloud software provider for real estate brokers.

In 2016, Inside Real Estate merged with real estate CRM (contact relationship manager) provider Kunversion. The combined companies now operate under the Inside Real Estate brand and led to the integrated platform now marketed as kvCore, which includes lead generation, marketing, CRM and automated dialer features.

BrokerSumo will extend the offerings of kvCore into financial and accounting systems.

“When I saw the new kvCore platform and heard their vision and strategy, I knew we needed to be part of it,” said Jeremy Shoenig, founder and CEO of BrokerSumo, in a statement. “As part of Inside Real Estate, our customers will benefit greatly through more rapid expansion of our product, better support and company stability. kvCore is a powerful platform and a perfect fit for our technology.”

BrokerSumo addresses four major components of running a real estate office, dividing its feature set by agents, transactions, accounting and reporting. The platform has seen substantial growth since its launch, according to the announcement, counting thousands of agents (and hundreds of brokers) as users.

Inman tech reviewer Craig Rowe described BrokerSumo’s core functions and strengths in June, noting that “it excels in managing the minutia of real estate office finances. The software quickly splits commissions, sends invoices, collects fees, connects credit cards and also details every incoming and outgoing penny in a series of robust reporting tools.”

Terms of the deal were not disclosed.

Email Caroline Feeney.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
We're giving away 3 free ICLV tickets at Connect Now next week. Register and attend live for your chance to win!REGISTER×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription