edgeio acquires assets of Adaptive Real Estate Services

Keith Teare » 29 November 2006 » In announcement, edgeio, techmeme ad »

I am pleased to announce that edgeio has made its first acquisition. About a week ago we acquired the assets of Adaptive Real Estate Services, a company built over the past several years by father and son team Robert and Peter Meyer.

ARES, as it is known, has patiently built up relationships with Brokers and Agents in 70 of the top MLS organizations (multiple listings services) in the US. It has about 1.5m homes listed for sale in the areas it covers.

As we integrate ARES into the edgeio platform it will be possible for users of edgeio.com, and partners of edgedirect to show these 1.5 million homes in search results.

The key advance ARES made is that it automates the inclusion of listings via the IDX protocol used by MLS organizations. This is painstaking work as few MLS organizations share common data structures with others. ARES also provides automated web sites for brokers and agents wanting them.

Peter and Robert will introduce themselves on this site over the coming weeks. For now we are pleased to have them on the team and we look forward to helping them serve home sellers and buyers by turning the real estate listings service in edgeio into a major asset for each.

Our goal is “to bring together, organize and distribute the world’s marketplaces”. As part of this we want edgeio.com to become a universal search engine for “stuff”. As that evolves the edgeio platform can become a major marketing vehicle for Realtors. We will be talking more about our goals at the GMAC event in Florida in February 2007.

In the meantime, if you are a broker, an MLS, an agent or indeed a home buyer or seller, please feel free to email Robert Meyer for more information about how he can help you. He is [Robert at edgeio dot com].

Discussion

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  • http://www.horsepigcow.com Tara Hunt

    Congrats Keith! This is awesome news.

  • http://podtech.wordpress.com/2006/11/30/watch-edgieo-keith-teare-knows-search/ Watch Edgieo – Keith Teare Knows Search « John Furrier

    [...] Matt Marshal reports on the move by Keith Teare and Edgieo.  I’ve know Keith Teare since 1997 when my company competed with his in the emerging search and keyword area.  I joined Keith at Realnames in 99 to head up the product group (keyword search).   I can tell you that being in the web infrstructure business since 96 Keith knows search and has a unique view on Web 2.0.  I was present at the creation of Edgieo when Kieth first told me about the concept in Palo Alto last year.  Edgeio has gotten alot of initial negative reviews.  Watch where Edgieo goes because there is alot there then meets the eye.  My guess is that you’ll see some pioneering and innovative things in Web 2.0 search.  His latest deal is a tipping his hand a bit.  I’m sure that there is more to come.  [...]

  • http://ralston.wordpress.com/2006/12/01/triple-net-properties-to-go-public/ Triple Net Properties to go Public « Ralston Ventures

    [...] In other real estate news, Edgeio decided to buy into the real estate listings market instead fight the uphill battle like Zillow.  Not too bad of an idea, except I doubt real estate listings will ever generate enough ad revenue.  [...]

  • http://www.realtythoughts.com/?p=140 Realty Thoughts » Blog Archive » Real Estate Listings – Where and Why

    [...] Joel has a write-up on Edgeio and their acquisition of Adaptive Real Estate Services that puts them in a position to play ball with Realtor.com, Trulia and Propsmart. I’ve been a long-time fan of what Edgeio is doing in the classified marketplace, and think that their method of providing alternate ways for people to list items for sale via blog feeds is revolutionary. [...]

  • http://www.property-bangkok.com Neil Simmons

    Are there any further aquisitions in the pipeline I wonder?

  • http://www.soho-properties.com Chris Heath

    It is good to see Edgeio has put themselves in a position to go head-to-head with the likes of realtor.com and Propsmart who have become too complacent in this market space.

  • http://www.bangkokapartment.org Bob Simpson

    Sorry if this is a stupid question but is Edgeio a listed company?

  • http://www.rorysiems.com/index.html rorysiems

    I like the assets of the adaptive real estate services that has been produced in this article through the link. This is a good mode of real estate business.

  • http://www.pacificshores-ph.com/ resort real estate for sale

    Since the real estate market has shifting from a sellers market to buyers market, hedging could have improved a real estate investment portfolio, if home owners had thought about this before the values of their properties dropped. This idea makes very good common sense… You can bet, If banks chose to do this, there is an advantage…

  • http://www.ls-palmdrive.com/ ls-palmdrive

    Very good and interesting article. I would have to say I agree that real estate investment for the public has a lot of potential.

  • http://lisacooper.com/ Laguna Niguel Real Estate

    Cool news. I hope the service is awesome.

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