Zillow To Buy DotLoop

(RTTNews) - Zillow Group, Inc. (Z), an operator of real estate and rental marketplaces, said Wednesday that it has agreed to buy DotLoop, a Cincinnati-based company that simplifies real estate transactions by enabling brokerages, real estate agents, and their clients to share, edit, sign and store documents digitally.

The deal is expected to close in the third quarter of 2015.

DotLoop, founded in 2009, has 124 employees across its Cincinnati headquarters and office in San Francisco. The company previously raised $14 million in funding from Trinity Ventures and angel investors.