Real Estate Digital Launches Via Management Buyout of Select LPS Real Estate Group Business Lines
Spirit of Innovation Drives Industry’s Premier Provider of Integrated Real Estate Technology and Data Solutions
09.14.2011 – Irvine – Today, Real Estate Digital (RED) announced the completion of a management buyout of select business lines and operations from LPS’ Real Estate Group. Senior executives Jay Gaskill, Prem Luthra, Mike Kovar and John Hensley will continue in their roles leading the newly formed company. Moving forward, RED brings the industry the best of both worlds: unmatched expertise and resources combined with a new entrepreneurial hunger for continual innovation.
RED – nimble, adaptable, and ready to take the risks that true innovation thrives on, while remaining the largest player in real estate technology – is poised to transform the industry. With the exception of MLS systems, which will stay with LPS, all of the solutions for which the team is known will continue to be offered by RED: rDesk® Websites, Real Estate and Living Media®, reDataVaultTM, TransactionPoint®, DocCentralTM, FormCentralTM, MLS Portal, Neighborhood and School Reports, rDesk® CRM, rDesk® CMA and rDesk® IDX.
“Throughout more than five years of acquisitions, spin offs and name changes our management team has always stood 100 percent behind the value of our products,” explained Gaskill, RED’s CEO. “But our goal now is a laser focus on the real estate industry. Under that same, proven leadership, RED is here to make this industry – our industry – better for all of us through innovation.”
“The future holds great things for the real estate industry – whether today’s market reflects it or not,” Gaskill continued. “This is a period of fundamental transformation, of convergence and synergies that are helping real estate professionals better serve consumers. RED is committed to being at the center of that transformation. We see the best-in-class solutions we’ve been providing for years as just the starting point.”
About Real Estate Digital
Real Estate Digital is the leading provider of truly integrated technology, media and data solutions to real estate franchisors, brokerages, agents and MLS organizations and associations. Its offerings include rDesk® Websites, Real Estate & Living Media®, reDataVaultTM, TransactionPoint®, DocCentralTM, FormCentralTM, MLS Portal, Neighborhood and School Reports, rDesk® CRM, rDesk® CMA and rDesk® IDX. The company has relationships with over 400 MLS organizations, 350 broker companies, nearly 60 settlement services companies and more than 250,000 real estate professionals. Visit us on the web at www.realestatedigital.com, and follow us on Twitter: @realestatedigital