Trulia (NYSE: TRLA) has closed a deal for Market Leader Inc. for $355 million.
The purchase price works out to $170 million in cash. Trulia also issued 5.3 million shares of common stock in connection with the deal, bringing the deal’s value to $355 million. The transaction closed on Aug. 20.
Market Leader, headquartered in Kirkland, Wash., provides customer-relationship management software for the real estate sector. Trulia plans to offer Market Leader’s software to brokers.
The transaction was originally announced in May.
Trulia is an online marketplace for homebuyers, sellers, renters and real estate professionals.
Trulia is not the only real estate company adding to its resources – in August, real estate information group Zillow Inc. (Nasdaq: Z) announced it is buying StreetEasy, a real estate website that focuses on New York, for $50 million.