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Real estate technology and agent services firm Place is continuing its acquisition spree. On Thursday, the firm announced that it had purchased real estate software firm Remine for $1.5 million in cash at auction.
The $1.5 million sales price is less than 3% of what four MLSs paid for the company in October 2021.
The deal, which is expected to close in the next two weeks, was first reported by Inman News.
This is the second major acquisition Place has completed in the past year. It also announced the acquisition of team servicing platform Livian in September 2024.
Founded in 2019 by Ben Kinney and Chris Suarez, Place completed a Series A funding round in 2021 that raised $100 million. Place also hit “unicorn status” with a valuation of at least $1 billion. In the past five years, it has grown into a firm with more than 1,100 employees.
In an interview with Inman, Kinney assured Remine’s current customers that they “will continue to receive the same level of service and support from the Remine team.”
Remine has more than 40 MLS customers totaling 600,000-plus agents and brokers nationwide. The firm was founded in 2015 and sold in 2021 to Unlock MLS, First MLS, Miami Realtors’ MLS and Heartland MLS for $53.5 million as part of a joint venture known as MLS Technology Holdings.
The joint venture initiated a voluntary bankruptcy in March 2025, allowing it to put Remine’s assets up for sale. Since its October 2021 sale, Remine has struggled financially with its employee count dropping from 60 to 37.
English (US) ·