Zillow Inc., headquartered in Seattle, has acquired Postlets, an online real estate listing creation and distribution platform.
Founded in 2005, Postlets has more than 500,000 registered users, who currently use Postlets to distribute more than 350,000 for-sale and for-rent listings across the country. As part of the acquisition, Postlets co-founders Asher Matsuda and Raymond Chen have joined Zillow as full-time employees. Postlets will continue to send listings to its current distribution partners.
SOURCE: Zillow Inc.