Jumpstarting next phase of growth and strengthening leadership position in residential real estate software solutions
Lone Wolf Real Estate Technologies Inc. ("Lone Wolf"), the North American leader in residential real estate software and services, today announced that it has received a strategic growth investment from Vista Equity Partners ("Vista"). The investment will support Lone Wolf as it pursues new market opportunities, expands product development efforts, and solidifies its position as the largest provider of enterprise software for residential real estate brokerages in the United States and Canada.
"We are thrilled to be working with Vista, which has an impressive track record of investing in software providers across a variety of industries, including real estate," said Lorne C. Wallace, CEO of Lone Wolf. "Our attraction was the resources and expertise they bring to help us expand our offerings, drive sustainable growth, and, most importantly, deliver additional value to our clients."
Serving nearly 10,000 real estate offices and 250,000 real estate professionals across the United States and Canada, Lone Wolf is the industry leader for residential real estate software solutions in North America. The company's back-office solution, brokerWOLF, is used by more than half of the top 500 brokerage firms in the U.S. and 94 of the top 100 firms in Canada. Over the past 25 years, Lone Wolf has built a reputation as a thought leader in the industry and a trusted partner to its clients.
"We are excited to partner with the Lone Wolf management team as the company enters its next phase of growth," said Alan Cline, principal at Vista Equity Partners. "Significant market opportunity exists for their core back- and front-office brokerage solutions as many brokers still use manual processes and spreadsheet-based solutions to manage business operations. Based on our research, Lone Wolf's solutions, which were specifically built for real estate professionals, do an incredible job helping customers better manage their operations and, as a result, create exceptional value for their owners and agents."
"Vista invests exclusively in software, data, and technology-enabled businesses and works closely with their management teams to provide insights, resources and access to a proven set of operational best practices," Wallace said. "I am confident that Vista will help us elevate Lone Wolf to the next level. We have accomplished so much already, but we have so much more ahead. This is an exciting place to be."
ABOUT VISTA EQUITY PARTNERS
Vista Equity Partners, a U.S.-based private equity firm with offices in Austin, Chicago and San Francisco, with over $14 billion in cumulative capital commitments, currently invests in dynamic, successful software, data and technology-based organizations led by world-class management teams with long-term perspective. Vista is a value-added investor, contributing professional expertise and multi-level support towards companies realizing their full potential. Vista’s investment approach is anchored by a sizable long-term capital base, experience in structuring technology oriented transactions, and proven management techniques that yield flexibility and opportunity in private equity investing. For more information, please visit www.vistaequitypartners.com.
ABOUT LONE WOLF REAL ESTATE TECHNOLOGIES
Lone Wolf Real Estate Technologies Inc. is the North American leader in real estate solutions and services with almost 10,000 offices utilizing their fully integrated product lines. Lone Wolf’s Complete Enterprise Solutions is comprised of its core products and services – brokerWOLF back office management solution, WOLFconnect front office management solutions, globalWOLF website solution, loadingDOCS paperless office solution, mobileWOLF mobile solution, WOLFmedia ad revenue generation service, WOLFwatch accounting service and Lone Wolf’s newest service specific to the agent marketplace, agentWOLF. The Complete Enterprise Solution is ideal for real estate offices looking to seamlessly manage their data from the back office to the front office to brokerage and agent websites, providing a single point of entry for data, significant time savings and profitability opportunities. The Complete Enterprise Solution is an invaluable component of a successful real estate brokerage. Lone Wolf has offices in Cambridge, ON, Langley, BC, Las Vegas, NV and Show Low, AZ. For more information please visit www.lwolf.com.