Inside Real Estate Acquired by Lovell Minnick
SALT LAKE CITY, UT and NEW YORK NY, - August 20, 2019
NexPhase Capital today announced the sale of InsideRE Holdings, LLC (Inside Real Estate), a leading provider of cloud-based real estate software, to Lovell Minnick Partners.
"With extensive strategic, operational, and industry expertise, NexPhase has been an invaluable partner for Inside Real Estate as we expanded our platform and grew our customer base," said Ned Stringham, CEO. "Not only did the team at NexPhase quickly understand the power of our strategy, they also provided meaningful support in securing a number of acquisitions that have been critical to our success and developing the foundational capabilities necessary to support our rapid growth. We look forward to building on this momentum with Lovell Minnick and thank NexPhase for their many contributions to get us here."
About Inside Real Estate:
Inside Real Estate is a fast growing, independently-owned real estate software firm that serves as a trusted technology partner to over 200,000 top brokerages, agents and teams. Their flagship product, kvCORE Platform, is the most modern and comprehensive solution in the industry known for delivering profitable growth at every level of a brokerage organization. Built on a modern, scalable and flexible architecture, kvCORE enables every brokerage to create their own unique technology ecosystem through custom branding, robust integrations and high-quality add-on solutions. With an accomplished leadership team, Inside Real Estate brings the resources, scale and vision to deliver ongoing innovation and success to their growing customer base
Ambina Partners originally invested in the company as a lead investor in 2016 and subsequently raised capital from NexPhase Capital L.P. to support an add-on acquisition.