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zipLogix Acquires Realfast(August 01, 2011)
FRASER, Mich., Aug. 1, 2011 (GLOBE NEWSWIRE) -- zipLogix, a leading real estate technology company whose main focus is creating products and applications that are REALTOR®-driven, announced today the completion of its acquisition of Realfast, Inc., a Frisco, Colorado-based real estate forms company. zipLogix is the creator of the popular zipForm® application and has been recognized as setting the industry standard for electronic real estate forms, transaction management and digital signatures. zipForm is currently used by more real estate professionals than any other real estate software program. With today's acquisition, Realfast™ customers will begin migrating over to the zipForm program, where they will take advantage of the foremost electronic forms software within the suite of zipLogix's REALTOR®-centric products.
"Realfast has been honored to serve the REALTOR community for over 20 years. I am confident that with this transition to zipLogix, Realfast's valued customers will continue to enjoy the best products and customer service in the industry," stated John N. Mayes, Chief Executive Officer for Realfast, Inc.
zipLogix offers an electronic contract software application available in two versions: zipForm® 6 Professional, an online application that allows real estate professionals to work from any internet connection and zipForm® 6 Standard, a desktop application residing on the real estate professional's computer. Whether users are working on a Mac or PC, zipForm® 6 offers the flexibility to quickly access forms and transactions.
The goal within the two companies was to create a synergy that would provide great customer service, technology and an easy transition to zipForm. In order to assist in the transition from Realfast to zipForm, zipLogix is offering all current Realfast users access to its widely used products, zipForm 6 Standard, zipForm 6 Professional and zipVault™.
Another key component that will benefit the Realfast brokers is the broker oversight and management tool in the zipForm 6 Professional application. Brokers who would like to have oversight can access their agents' transactions on a corporate or office level. They can run production reports and customize zipForm with their own branding, logo and/or forms.
"The acquisition of Realfast will significantly contribute to our strength and momentum in the marketplace," said Walt McDonald, Chairman of the Board for zipLogix. "We are extremely excited to offer incoming Realfast customers our flagship product, zipForm, which is used by more real estate professionals than any other software in the business."
Since 1991, zipLogix has been delivering software and web applications that considerably improve and enhance the productivity and efficiency of real estate professionals across the nation. With its knowledge of the industry, zipLogix has earned the reputation as a leader in identifying and meeting the needs of today's busy agents and brokers.
zipForm® is the exclusive and official forms software of the National Association of REALTORS®. zipLogix also offers relay®, the web-based transaction management solution that enhances the value of services delivered to clients while improving productivity and efficiency.
zipLogix is a joint venture between the National Association of REALTORS® (NAR) and Real Estate Business Services, Inc. (REBS), a subsidiary of the California Association of REALTORS®.
The National Association of REALTORS®, "The Voice for Real Estate," is America's largest trade association, representing more than 1.1 million members involved in all aspects of the residential and commercial real estate industries. Real Estate Business Services Inc. (REBS) is a subsidiary of the California Association of REALTORS® and the leading provider of real estate products and services to practitioners in California.
The zipLogix logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5842
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