Powered by MOMENTUM MEDIA
realestatebusiness logo
Home of the REB Top 100 Agents

3 real estate software support solutions join forces

By Liv Adams
21 January 2025 | 5 minute read
real estate concierge

Rex Software, Cirrus8 and RealTrust Property Accounting Solutions have merged to create a real estate software and solutions provider for residential and commercial property markets across Australia, New Zealand, and the UK.

The collaboration is expected to deliver enhanced tools and services, with Rex Software chief executive officer Davin Miller highlighting plans to offer Cirrus8 and RealTrust customers access to tailored CRM systems for commercial real estate sales, custom websites, and targeted social media marketing solutions.

“These solutions have been quickly adopted by residential agents and our research indicates that there is strong demand from commercial agents looking to grow their footprint and better collaborate with existing customers,” he said.

==
==

Steve Carulli and Raymond Bechard, founders of Cirrus8 and RealTrust, expressed enthusiasm about the partnership, emphasising its potential to accelerate growth.

“We have already established ourselves as the leading commercial property management software and solutions provider in ANZ,” said Carulli.

“The combination with Rex will provide us with the capacity to further invest in the ANZ market as well as continue to expand globally into the UK.”

Carulli highlighted that the key factor in the merger is the backing of institutional capital of the equity investor Potentia, which has supported Rex Software’s significant market gains in the UK over the past three years.

“We look forward to leveraging that footprint, balance sheet and experience,” Carulli stated.

Bechard acknowledged that Cirrus8 and RealTrust have cultivated a strong employee culture and when they met with the executive team at Rex Software, Bechard believed the merger would be a “great cultural fit”.

The combined group, led by Miller, will retain Carulli and Bechard as heads of the Cirrus8 and RealTrust divisions, and Potentia Capital will hold a majority stake in the unified business.

Partners at Potentia, Cheyne Tan and Michael McNamara, emphasised the strategic alignment of the merger.

“As we looked across the proptech ecosystem, the C8 Group stood out to us as being at the forefront of innovation and customer service,” the duo stated.

“We believe there is a strong values-fit between the two organisations and are excited about what this combination means for C8 Group customers, Rex customers and the industry as a whole.”

You are not authorised to post comments.

Comments will undergo moderation before they get published.

You need to be a member to post comments. Become a member for free today!
Do you have an industry update?