Newcastle’s iamproperty Group swoops for software business VTUK

An on line assets team centered in the North East has obtained a software package business that operates in its sector.

The iamproperty Group has acquired Oxfordshire-based mostly property software program organization VTUK for an undisclosed sum in a offer which it states carries on its mission to modernise the assets sector.

VTUK presents a cloud-based house CRM application platform which aims to generate a seamless working experience for estate brokers to thoroughly automate their working day-to-day functions.

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Set up in 1989 by founder Peter Grant, it is effective with additional than 300 estate agencies throughout the United kingdom and presently shares a range of mutual customers with iamproperty.

Ben Ridgway, managing director at iamproperty Group, claimed: “We are delighted to be bringing VTUK into the iamproperty Team.

“Peter has built a business that is properly highly regarded in the field with the aid of an recognized workforce and we’re actually on the lookout ahead to operating together with them. This is a excellent chance for our workers and prospects, building synergies that will benefit our mutual companion agent network.”

VTUK founder Mr Grant will go away the organization adhering to a handover period, passing handle to functions director Adam Rackham, who has been with the business for more than 20 yrs.

Mr Grant reported: “A good deal of planning and care went into discovering the right spouse to consider the business forward we have constructed our item and services portfolio for above 30 many years and know this transfer will produce a dazzling potential for VTUK and our workforce, making it possible for the company to speed up with the dynamic support and innovation that is synonymous with iamproperty.”

The iamproperty Team was founded in 2009 by Jamie Cooke and Ben Ridgway to fill a gap in the marketplace for an on the internet house auction company. It now employs more than 300 persons and has the iamsold and movebutler platforms, which perform with additional than 3,500 companion brokers around the British isles.

Mr Grant was advised on the deal by Ryecroft Glenton Corporate Finance. iamproperty was advised by Muckle LLP, Tait Walker and Clearwater Global.