Zillow today announced that it has acquired Retsly, a year-old Vancouver, B.C.-based startup that normalizes MLS data to help developers build real estate products and applications for brokers, agents, franchisors and MLSs.
Retsly, a graduate of the GrowLab accelerator that had previously raised $540,000, offers a real-time API and open source SDK for integrating MLS data into real estate software.
Zillow will use Retsly within its Zillow Tech Connect program, which lets companies connect their systems with Zillow.
“Retsly’s platform will spur tremendous innovation in the real estate space, enabling developers to build software that works across MLS boundaries and without the overhead of dealing with local data formats,” Zillow CEO Spencer Rascoff said in a statement.
The company, founded by Kyle Campbell and Joshua Lopour, will remain in Vancouver. Terms of the deal were not disclosed.
This is the eighth acquisition for Seattle-based Zillow, which saw almost 83 million unique users last month — up 49 percent from June 2013 — and is now worth more than $5 billion.
