Lone Wolf Technologies has acquired Instanet Solutions, a London, Ontario-based provider of transaction management, electronic forms, and e-signature solutions for the real estate industry. No financial terms were disclosed. Cambridge, Ontario-based Lone Wolf said the acquisition supplements its suite of residential real estate software solutions and “paves the way for the industry’s first fully integrated end-to-end solution.” It added that it plans to invest “millions of dollars” in the combined platforms. Led by CEO Patrick Arkeveld, Lone Wolf has been backed by U.S. private equity firm Vista Equity Partners since 2015. Vista increased its investment last year.
Lone Wolf Technologies Acquires Instanet Solutions to Create the Largest Real Estate Brokerage Software Platform in North America
Acquisition Provides Brokerages with a Unique End-to-End Software Solution
Cambridge, ON—October 16, 2017
Lone Wolf Technologies, the North American leader in residential real estate software, today announced the acquisition of Instanet Solutions, a leading provider of transaction management, electronic forms, and eSignature solutions for the real estate industry.
With this acquisition, Lone Wolf supplements its suite of residential real estate software solutions that are proven to help brokerages improve their operational efficiency, reduce costs and boost revenue. Bringing together Instanet and Lone Wolf paves the way for the industry’s first fully integrated end-to-end solution with transaction management, electronic forms, eSignatures, MLS listing upload, back office accounting, and CRM.
“Instanet is an industry leader in transaction management solutions for the residential real estate market. The company has over 500,000 licensed users, as well as a tight integration with some of the largest MLSs in North America,” said Patrick Arkeveld, CEO of Lone Wolf Technologies. “The acquisition strengthens our stance in this market by providing our clients with a unique end-to-end solution to drive all of their operations. A fully integrated transaction management-to-back office accounting solution is exactly what our clients are looking for, as it will radically improve the day-to-day experience of running and working in a real estate brokerage.”
Instanet is the provider of TransactionDesk®, a transaction management solution comprised of several cloud-based products for document and file management, electronic forms, eSignatures, and file review and compliance. In the last year alone, real estate professionals completed 10 million signings through Instanet, while also submitting over 22 million documents and creating 31 million forms.
Arkeveld continued, “Not only will this investment benefit brokerages, it will improve the experience for their agents and increase the value of TransactionDesk as a member benefit for those MLSs and associations that are providing Instanet products to their members today.”
Lone Wolf will be investing millions of dollars into the combined Lone Wolf and Instanet platforms to enhance the product suite and further integrate the solutions, providing brokerages with a single system to manage their businesses effectively.
“We are thrilled to join an amazing technology provider who, like us, has a long history of providing best-in-class solutions to the real estate industry,” said Martin Scrocchi, Founder, President and CEO of Instanet Solutions. “This is fantastic news for our customers and the real estate industry at large. Like Instanet, Lone Wolf offers comprehensive, time-saving tools that enable real estate brokerages to take charge of their operations. Together, we can make our client’s experience even better through the industry’s first transaction management-to-back office accounting solution.”
About Lone Wolf Technologies
Lone Wolf Technologies, a Vista company, is the North American leader in residential real estate software, with products in over 10,000 offices across Canada and the U.S. The company offers an ecosystem of technology products, including software for back office, transaction management, front office, and web, as well as professional services and 3rd party integrations. Each element of this ecosystem enables brokerages and agents to operate more efficiently, reduce costs, and increase opportunities for profitability. Lone Wolf’s head office is located in Cambridge, ON, with additional offices in Dallas, TX, Langley, BC, and Las Vegas, NV. For more information, please visit www.lwolf.com.
About Instanet Solutions
Instanet Solutions is a leading provider of real estate technology with over 500,000 licensed, paid user accounts of their various real estate focused products – Authentisign®, TransactionDesk®, InstanetForms®, DocBox®, and InstanetFax®. Instanet Solutions began delivering residential real estate technology in 1991. Further information about Instanet Solutions and its products is available at www.instanetsolutions.com.
LONE WOLF MEDIA CONTACT
Director, Industry Relations
Photo courtesy of Lone Wolf Real Estate Technologies Inc