REAAS signs deal to license proptech platform to LEGACY Council of Canada

by Duffie Osental11 Jan 2019

Proptech company RESAAS Services recently announced an agreement to license its cloud-based block-chain platform to boutique real estate advisory firm LEGACY Council of Canada.

The agreement is for a five-year term and includes new customizations to suit the requirements of LEGACY’s real estate investors. Once customization is complete, a monthly licensing fee subscription is activated.

“We have had a tremendous response from our members about our plans to digitize some of the very core fundamentals we provide,” said Jean-Guy Francouer, chief growth officer at LEGACY Council of Canada.

“Proptech will push real estate businesses to the next level, through growth using real estate tools, artificial intelligence, technology and apps. The value we provide our members will be tremendous, as the basis for the technology is built from RESAAS’ award-winning technology platform that already has an enterprise value of approximately $25 million. By extending it for our own specific needs, we will have a best-in-class solution for our members.”

“Since forming a relationship with REIN in the spring of 2018 and then LEGACY Council of Canada in early 2019, we have uncovered areas within the proptech sector that are primed for innovation,” said Tom Rossiter, CEO at RESAAS. “LEGACY’s commitment to their thousands of members, and providing them with never-before-seen technology through new investment in the RESAAS technology platform, will position them for unprecedented growth in 2019.”

 

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