Fathom Holdings Inc.,a national, technology-driven, end-to-end real estate services platform integrating residential brokerage, mortgage, title, insurance, and SaaS offerings for brokerages and agents, has completed the previously announced acquisition of LiveBy, a hyperlocal data and technology platform. LiveBy’s technology pairs local data with its geospatial boundaries to create key insights that help boost website engagement, inform and attract consumers, and nurture agent leads.
The purchase price was approximately $9.0 million, consisting of approximately $3.0 million in cash and $6.0 million in Fathom Holdings common stock.
“The addition of LiveBy will provide recurring SaaS revenues and represents another step in adding to our robust real estate services technology platform to give agents yet another competitive advantage,” said Josh Harley, Fathom’s chairman and CEO. “LiveBy’s technology builds credibility for real estate agents in their respective geographic areas by showcasing their local expertise and helping consumers discover the best locations in which to live. We believe LiveBy’s coverage will provide consumers with access to the largest proprietary library of neighborhood boundaries, cities, subdivisions, school districts, zip codes, and more. This transaction demonstrates our mission of changing the face of residential real estate through best-in-class, proprietary technology.”