Retsly

Retsly

Safe and transparent platform for creating beautiful real estate software.

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Retsly Software Inc. operated as a middleware platform designed to streamline real estate data for software developers. Founded in 2013 by Kyle Campbell and Joshua Lopour, the Vancouver-based company addressed a significant challenge in the real estate technology sector: the lack of standardized data from Multiple Listing Services (MLSs). Different MLSs often have unique data formats, creating a major hurdle for developers wanting to build applications that could function across various markets.

The company's core product was a backend-as-a-service that normalized fragmented real estate data. It offered a cohesive, real-time Application Programming Interface (API) and an open-source Software Development Kit (SDK) that allowed developers to access and integrate MLS data into their custom software products. This enabled developers, brokerages, and agencies to build data-driven tools without the extensive overhead of custom integrations for each individual MLS. Retsly also provided tools for MLSs to manage and monitor how their data was being used, ensuring compliance with their specific rules.

The business model centered on providing this streamlined data access to a client base of software developers and technology companies aiming to create products for real estate professionals. By acting as an intermediary, Retsly facilitated the relationship and data flow between data owners (MLSs) and technology innovators. The platform's value proposition was its ability to accelerate development, allowing creators to focus on building feature-rich applications rather than on data normalization.

Just over a year after its founding, Retsly was acquired by Zillow, Inc. on July 16, 2014, for an undisclosed amount. This move was a strategic acquisition for Zillow to enhance its Zillow Tech Connect program and provide better productivity tools for the real estate industry. Following the acquisition, Retsly continued to operate from Vancouver, with its team dedicated to expanding the platform's capabilities. In 2017, the Retsly API was merged with Bridge Interactive's services, another Zillow acquisition, to create a comprehensive, end-to-end listing management solution under the Bridge Interactive brand.

Keywords: real estate data, MLS data normalization, API for real estate, real estate developers, property data API, real estate technology, PropTech, Zillow acquisition, Kyle Campbell, Joshua Lopour, backend-as-a-service, real estate software development, listing data management, Multiple Listing Service, RETS, RESO Web API, real estate applications, data integration, developer tools, data compliance

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