Profile: Move Inc (MOVE.OQ)

MOVE.OQ on NASDAQ Stock Exchange Global Select Market

14.43USD
1 Aug 2013
Price Change (% chg)

$0.54 (+3.89%)
Prev Close
$13.89
Open
$14.00
Day's High
$14.56
Day's Low
$13.76
Volume
330,239
Avg. Vol
88,569
52-wk High
$14.56
52-wk Low
$7.01

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Move, Inc. (Move), incorporated in 1993, operates an online network of Websites for real estate search, finance, moving and home enthusiasts and provides a resource for consumers seeking the online information and connections they need regarding real estate. The Company’s consumer Websites are REALTOR.com, Move.com and Moving.com. It also provides lead management software for real estate agents and brokers through its Top Producer business. Move source this content directly from its relationships with approximately 900 multiple listing services (MLSs) across the country. Through REALTOR.com, consumers have access to approximately 100 million properties across the United States, as well as properties for sale from another 13 countries worldwide. As of December 31, 2011, The Company’s for sale listing content, consisted nearly 4 million properties and accessible in 11 different languages. In July 2011, the Company acquired the assets of Peep.ly, LLC. (SocialBios). In September 2012, it acquired TigerLead Solutions, LLC. In October 2012, it acquired Relocation.com. In May 2013, Move Inc acquired Doorsteps from ABC Holdings LLC.

REALTOR.com

REALTOR.com is the official Website of the national association of realtors (NAR), that represents residential and commercial real estate professionals, including brokers, agents, property managers, appraisers, counselors and others engaged in all aspects of the real estate industry. NAR had approximately one million members as of December 31, 2011. Through its REALTOR.com Website, mobile applications and business operations, the Company offers services to real estate franchises, brokers and agents, as well as non-real estate related advertisers. The Company categorizes the products and services available through the REALTOR.com business as listing advertisements, non-listing advertisements or ListHub syndication and reporting.

The Company’s listing advertisements product line allows real estate agents, brokers and franchises to connect with consumers of for sale property listings within the REALTOR.com Website and mobile applications. Listing advertisements are typically priced based on the geographic market, the size and engagement of its consumer audience in that market and/or the historical listing count for the past 12 months an agent or broker may have and are typically sold on a subscription basis.

The Company’s non-listing advertisements product line allows real estate agents, brokers and franchises, as well as non-real estate related to connect with its consumer audience in the real estate search process. It offers these advertisers a variety of products and services, including sponsorships, graphical display advertisements, text links, directories, Featured Agent, Featured competitive market analysis (CMA), Search Assist and its PreQualplus online mortgage prequalification offering. Pricing models include cost per thousand (CPM), cost per click (CPC), cost per unique user and subscription based sponsorships of specific content areas or specific targeted geographies.

The Company’s ListHub product line allows participating Websites to display real property listings, and provides agents, brokers, franchises and MLSs the ability to obtain performance reporting about their listings on the participating Websites. Listing syndication pricing includes fixed or variable pricing models based on listing counts.

Top Producer

The Company’s Top Producer is software-as-a-service (SaaS) business providing productivity tools tailored to real estate agents. The Top Producer product line allows real estate agents to manage relationships with home buyers and sellers. Its customer relationship management (CRM) solution is the customer relationship management application designed for real estate agents. CRM is a Web and mobile-based application featuring client management, appointment and task management, Internet lead distribution and follow-up, prospecting automation, comparative market analysis, customer presentations and mobile data synchronization. The Top Producer CRM product is provided as a SaaS model that is sold on a subscription basis and is available on a standalone basis or bundled with its REALTOR.com listing advertisements.

The Company also offers its Market Snapshot product and a series of template Website products within its Top Producer product line. The Market Snapshot product allows real estate professionals to provide real-time market updates and trend analysis to their prospects and clients. Its template Websites are designed for agents and brokers, and can display listings for an agent’s or broker’s local market using Internet data exchange (IDX) protocols and technology. Both the Market Snapshot product and template Websites offerings are sold on a subscription basis and are available on a standalone basis or bundled with the CRM solution.

Move Rentals, Senior Housing and Moving.com

MOVE separately operates other Websites providing multi-family rental, senior housing and moving related content and services for its consumer audience. Through its Move Rentals and Senior Housing businesses, it aggregate and display rental listings nationwide. Move offers a variety of listing-related advertisements that allow rental property owners and managers to promote their listings and connect with consumers through its Websites. Pricing models include monthly subscriptions and CPC. Through its Moving.com business the Company provides consumers with quotes from moving companies and truck rental companies.

The Company competes with Classified Ventures, LLC, Dominion Enterprises, Google Inc., Market Leader Inc., Redfin, Homefinder.com LLC, ZipRealty Inc., Trulia Inc., Yahoo-Zillow Real Estate Network, Real Estate Digital, ALa Mode, Inc., Fidelity National Information Solutions, Inc., Microsoft Corporation, Best Software Inc., FrontRange Solution, Inc.’s, Classified Ventures, LLC, Dominion Enterprises, Network Communications Inc., Primedia Inc., Viva Group, Inc., Network Communications, Inc. and A Place for Mom, Inc.

Company Address

Move Inc

Suite 800, 10 Almaden Blvd
SAN JOSE   CA   95113
P: +1408.5587100
F: +1302.6365454

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