Zillow Buys Retsly

(RTTNews) - Zillow, Inc. (Z) said Wednesday that it has bought Vancouver, British Columbia-based Retsly, a software company that normalizes real estate data from multiple listing services so developers can build data-driven products for the real estate industry.

Retsly also provides MLSs with the tools to manage software applications in their market and ensure their content is being used appropriately.

Financial terms of the acquisition were not disclosed.

This is Zillow's eighth acquisition, and the sixth of a company that offers a suite of business-to-business tools for local professionals.

Zillow said the acquisition of Retsly is an extension of its efforts to provide innovative productivity tools to help brokers, agents, franchisors and MLSs be more productive and successful, and is an extension of the widely-adopted Zillow Tech Connect program.

Retsly will continue to operate from Vancouver.