Estate Agent Today understands from a respected source that the remains of the Emoov and Tepilo online agencies have been acquired by an individual buyer.
The parent firm, Emoov, went into administration on December 4.
The vendor listings had already been purchased in mid-December for an undisclosed sum by Pattinson Auctions, which works with around 1,000 partner agencies across the UK.
Now the rest of Emoov and Tepilo, including the brands and technology that supported their online services, have been acquired by a separate organisation.
The purchaser, who has not been named, has indirect connections with estate agency but is not believed to be an existing ‘major player’ in the industry.
It is not known how much has been paid for the brands, technology and remaining assets.
The administrators for Emoov and Tepilo - James Cowper Kreston - have been asked for comment.
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What a waste of Money.
In The Words Of P.T Barnum.... "There's a sucker born every minute"
Is that your Mission Statement or a variable within the algorithm you use for your business plan projections?
Great investment. The technology behind eMoov, and the brands are not something you can just build up overnight.
Probably paid tuppence so no big risk. Not the £10 million Quirk said it was worth.
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