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quartet of major MLSs sold Remine, a data and analytics platform, to Place for $1.5 million in an auction. This is a significant drop from the $53.5 million they paid in 2021. Place plans to invest in Remine, which will operate independently.

    Remine's products are a natural fit for Place's vision, according to Chris Suarez, co-founder of Place. "This partnership accelerates our mission to deliver everything agents need to run and grow their businesses." Remine will continue to serve 40 markets representing 600,000 real estate professionals, with CEO Joe Kazzoun assuring customers that the platform will remain unchanged.

    The acquisition brings nearly 40 new employees into Place's fold. The company has been on a growth trajectory, raising $100 million in late 2021 and expanding its services to include consumer offerings like mortgage and title. This is Place's second major acquisition in under a year, following the purchase of Livian last September.

    Place Co-founder Chris Suarez said, "Remine's products for agents and MLSs are a natural fit for PLACE's vision." Remine CEO Joe Kazzoun wrote to customers that they will continue to enjoy the same products, now backed by deeper resources.