#USA #CARY #Fathom Holdings #Move Concierge #LiveBy

Fathom Holdings Enhances Growth by Divesting LiveBy Assets to Move Concierge

In a strategic move to bolster its position in the real estate market, Fathom Holdings Inc. (Nasdaq: FTHM) has announced the divestiture of its LiveBy assets to Move Concierge for an impressive $3 million. This decision comes during a period when Fathom is keen on solidifying its technological edge and expanding its service offerings to accommodate its growing network of agents and clients.

Moving Forward with Strategic Partnerships

The deal not only brings in substantial cash flow for Fathom but also includes a contingent annual revenue stream of $300,000 tied to data-sharing agreements between the two organizations. Fathom Holdings intends to utilize the funds from this transaction to fuel future growth initiatives aimed at increasing its market presence.

As part of the agreement, Fathom will retain access to the LiveBy platform for five years—a significant period allowing the company to leverage this powerful tool even after divesting its direct ownership. Furthermore, Move Concierge has encompassed its existing suite of services to all Fathom agents, enhancing the overall value proposition for both parties involved.

CEO Insights on the Agreement

Marco Fregenal, CEO of Fathom Holdings, expressed his enthusiasm regarding the divestiture, remarking, "This transaction not only deepens our partnership with Move Concierge but also secures ongoing access to LiveBy's data and potential revenue sharing opportunities. It reinforces our financial stability and expands the value we offer to agents and their clients, positioning Fathom for scalable and profitable growth."

Such arrangements are crucial for enhancing customer satisfaction and improving agent retention as they move forward in an increasingly competitive market.

Gabe Abshire, CEO and Founder of Move Concierge, described the acquisition as a significant stride toward delivering transformative experiences to homebuyers across the nation. He stated, "Bringing LiveBy's platform and data into the Move Concierge portfolio aligns with our mission to elevate the customer experience in real estate transactions. Our collaboration with Fathom provides a strategic advantage for both companies and our clients."

About Move Concierge

Founded in 2009, Move Concierge is a notable service provider in the home utilities field, connecting various services ranging from TV and internet to home automation and security. Their commitment to a white-glove service model ensures that clients benefit from a personalized experience, making service customization and installation scheduling seamless. Having been recognized among the fastest-growing businesses in the U.S. by Inc. 500, the company's expansion further showcases its dedication to exceptional client support.

Fathom Holdings Background

Fathom Holdings operates as a technology-driven platform that integrates key areas of the real estate process, including residential brokerage, mortgage, title services, and even software as a service (SaaS) via their proprietary cloud-based software, IntelliAgent. With brands such as Fathom Realty, Encompass Lending, and Verus Title under its umbrella, the company has positioned itself as a holistic real estate solution provider. Fathom's innovative strategy and commitment to agent success remain a focal point as they look to navigate an ever-evolving industry landscape.

Looking Ahead

Both Fathom and Move Concierge are poised for an exciting chapter as they integrate new capabilities across their platforms. As the real estate sector adapts to contemporary needs, entities that prioritize agent tools and customer satisfaction like Fathom are likely to thrive, reinforcing their market position and delivering exceptional value to all stakeholders involved.

In conclusion, this divestiture exemplifies successful strategic alignment in a competitive field, ensuring both companies are well-equipped to face the future together.