Constellation Software acquires Seventy3, Gadberry

Executive Summary

• Constellation Data Labs Inc. has acquired Seventy3 LLC and The Gadberry Group LLC from RE/MAX LLC, entities specializing in listing aggregation and geolocation intelligence services.
• Concurrent with the acquisition, Constellation Data Labs entered into an agreement to provide national data services to RE/MAX, deploying its data technology and support across the RE/MAX technology stack.
• The transaction is positioned as a strategic move to build a trusted data platform in real estate, enhancing automation, interoperability, and scale for both Constellation Data Labs and RE/MAX.

Key Details

• Acquired Entities: Seventy3 LLC and The Gadberry Group LLC.
• Seller: RE/MAX LLC.
• Acquirer: Constellation Data Labs Inc. (part of the Constellation Real Estate Group of Constellation Software Inc.).
• Acquired Capabilities: Listing aggregation and geolocation intelligence services.
• Strategic Agreement: Constellation Data Labs will deploy its data technology and support national data services across the REMAX technology stack.
• Strategic Rationale: To build the most trusted data platform in real estate, enabling scale, consistency, and automation across the market.
• Industry Impact: Aims to streamline data capabilities at scale for RE/MAX and expand Constellation Data Labs' ability to deliver accurate, scalable, and automated data solutions.
• Future Focus: Building a data foundation for future AI (artificial intelligence) strategies and next-generation consumer experiences.

Notable Quotes

• Andrew Seminari, General Manager of Constellation Data Labs: "This acquisition and relationship mark an important step in Constellation Data Lab's long-term strategy to build the most trusted data platform in real estate... By bringing Seventy3 and Gadberry Group into Constellation Data Labs, and by deepening our relationship with REMAX, we are investing in infrastructure that enables scale and consistency, while continuing to support automation across the entire market."
• Tom Flanagan, REMAX Chief Digital Information Officer: "REMAX has always believed that world-class data is foundational to empowering our network of trusted, productive professionals and delivering exceptional experiences to consumers... Working with Constellation Data Labs allows us to streamline our data capabilities at scale, ensuring our technology ecosystem is built for the future of real estate."
• Brant Morwald, President of Constellation Real Estate Group: "The acquisition strengthens Constellation Data Lab's position as the premier data technology partner to the real estate industry's most influential brands... By integrating Seventy3's listing aggregation capabilities with Gadberry Group's advanced geospatial intelligence, Constellation Data Labs expands its ability to deliver highly accurate, scalable and automated data solutions, powering seamless digital experiences across the property ecosystem."