Zoopla Property Group acquires The Property Software Group
Zoopla Property Group Plc (LSE: ZPLA), the digital media and lead generation platform that owns and operates some of the UK's leading online consumer brands including Zoopla, uSwitch and PrimeLocation has conditionally agreed to acquire The Property Software Group (PSG).
PSG is the UK's market-leading provider of software solutions to property professionals, used in over 8,000 agency branches. PSG provides workflow tools to over 40,000 estate and lettings agents across the UK through its innovative cloud-based (Alto, Jupix) and desktop (Vebra, Core, CFP) software products and provides essential systems for the day-to-day management of inventory, marketing and communications, as well as diary management, chain progression, business reporting tools and financial processes.
The acquisition of PSG is a core part of ZPG's continued mission to be the most effective partner for UK property professionals and will enable the enlarged Group to offer agents the first UK property industry's end-to-end solution, including software and CRM, digital marketing and market insight tools in addition to further revenue opportunities.
Torch is delighted to have worked as financial adviser to ZPG on this transaction – the second strategic transaction for ZPG on which Torch has advised.
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