(MURRAY, UTAH, OCTOBER 24, 2022): Inside Real Estate, one of the fastest-growing independently owned real estate software companies and a trusted technology partner to over 400,000 agents, teams, brokerages and top franchise brands, announced the acquisition of AmpStats, a modern technology focused on harnessing data to drive intelligent decisions for brokerages around recruiting, retaining and talent development.
AmpStats enables real estate brokerages to simplify agent recruiting, retention and talent growth across multiple markets and offices. AmpStats delivers unprecedented visibility into key performance metrics, helping brokerage leaders stay one step ahead to ensure maximum productivity and loyalty amongst their existing agent base.
When it comes to recruiting new talent, brokers can quickly identify the right candidates with search features that show production data, a transaction heat map, and agent movement to pinpoint the best recruiting targets. Once the conversation is started, brokers can easily demonstrate their impact and value to prospective recruits through a compelling, visual net income comparison that breaks down agent earnings like never before.
“AmpStats arms brokerages and their leadership with the actionable intelligence they need to increase productivity and strategically expand market share,” says Joe Skousen, CEO at Inside Real Estate. “We are thrilled to welcome AmpStats to the Inside Real Estate family. Jay has done a fantastic job building a product that at its core addresses one of the most important growth components for brokers which is managing overall talent. We look forward to integrating AmpStats into our ecosystem, creating a truly seamless, data-driven recruiting & retention solution to help our clients maximize business growth.”
“With real-time access to data, brokers have business and competitive intelligence at their fingertips like never before,” says Jay Teresi, Founder & CEO at AmpStats. “I’m thrilled to join such a great organization, where, together, we can expand the reach of AmpStats tremendously, helping even more real estate brokers achieve higher profitability.”
The acquisition represents Inside Real Estate’s ongoing commitment to providing the most innovative, high-value solutions to help their 400k+ agents, teams and brokerages succeed. Just recently, the company announced the industry’s first-ever lifetime homeownership technology, CORE Home, giving Inside Real Estate customers a simplified solution to maintaining customers for life.
Jay Teresi will join the Inside Real Estate family as a member of the leadership team supporting back-office initiatives. AmpStats will continue to be available as a standalone product offering for brokerages in select markets. In the coming months, AmpStats will also be integrated into the kvCORE Platform and available to purchase by new and existing brokerage customers.