Auction.io, a Dallas, TX-based B2B SaaS provider of auction and e-commerce solutions, acquired Doorset, an online platform designed to facilitate and improve real estate transactions for buyers, sellers and their agents.
The amount of the deal was not disclosed.
With the acquisition, Auction.io will expand its presence in the residential and commercial real estate market. Doorsey’s operations will be integrated with Auction.io offerings shortly after this transaction.
Led by CEO and Founder Jordan Allen, Doorsey is SaaS platform designed to improve the home buying and selling offer process. Buyers have access to a third-party inspection report, seller disclosures, a 3D virtual tour, and a community forum for interacting with sellers and neighbors. Sellers have a transparent digital tool to maximize their selling price and closure rate. The platform differentiates itself by providing buyers and real estate agents with full visibility into competing offers in real-time. Doorsey’s listings are posted on the local MLS (Multiple Listing Services) and distributed through national real estate websites, including Zillow, Trulia, Redfin, and Realtor.com.
Led by CEO Rajesh Rajaram, Auction.io is a B2B SaaS solution that provides customizable single and multiple vendor e-commerce auction marketplaces in the US and globally. The company has processed more than 1 billion auction transactions for Fortune 500 and middle-market companies.