Updater Acquiring Bridgevine and Protects Additional $20M in Growth Capital
Today, we are pleased to announce our acquisition of Bridgevine, the leading company of innovation for home subscription sign-ups, and associated concierge offerings. Bridgevine constructs and disperses innovation to make it possible for smooth transfers of internet, cable television, satellite, house security, and energy services across the country.
This collaboration will bolster our present offerings, offer our users with seamless house services scheduling experiences, and broaden the combined company’s reach to nearly 50% of all US family moves every year.
By completely incorporating Bridgevine, Updater will have the ability to:
Deliver a remarkable mover experience: Our users will receive increased transparency over the prices and schedule of numerous home subscription items. Users will have the ability to more effectively and flawlessly total deals within our app. Users will also take advantage of an expanded one-to-one, phone-based moving concierge through Bridgevine’s market-leading call center abilities. We acknowledge that relocations are prepared in many ways– over the internet, over the phone, over e-mail, over text, and face to face. It’s our responsibility to be anywhere our users require us most.Expand our app circulation: We will use our moving app to Bridgevine’s existing audience and partners.Enhance our suite of products: The combined business will provide home membership companies a more engaging technology portfolio for dispersing items and services. Share synergies: Both business will benefit from each other’s client relationships, market experience, internal skill, technology, and centers of
excellence.Bridgevine will operate as part of the Updater Home Services Department. Sean Barry(Bridgevine CEO)will function as President of Updater House Providers and the team will continue operating out of their present areas in
Atlanta, Denver, and Miami.In combination with the Bridgevine acquisition, we’re also pleased to announce that we have actually protected an extra$20M in growth capital. The fundraising was led by 2nd Century Ventures, the strategic investment fund of the National Association of REALTORS ®. 2nd Century likewise took part in our Series A round in 2014. Through this fundraise and acquisition, we plan to continue investing heavily in the property market, enabling property professionals and homemanagers to deliver an unequaled moving experience.Today’s announcements advance Updater’s mission to considerably improve effectiveness across all aspects of moving– from the consumer experience to the businesses that help customers link their house, to the realty business that help customers find their brand-new house. To our millions of movers, thousands of partners and, of course, our devoted team– without you, this mission merely wouldn’t be possible. Thank you for sharing our vision. Published at Wed, 18 Dec 2019 23:04:06 +0000