Fathom Holdings Inc. announced the divestiture of LiveBy assets to Move Concierge for $3 million.
The company will receive an additional $300,000 annually in contingent consideration from data-sharing arrangements.
Proceeds from the divestiture will support Fathom's growth initiatives.
Divesture Details
LiveBy assets were sold to Move Concierge for $3 million, with additional annual contingent consideration.
Partnership Strengthening
The transaction deepens Fathom's partnership with Move Concierge and secures access to LiveBy's data.
Agent Services Expansion
Move Concierge will extend its services to all Fathom agents, enhancing client experiences and value delivery.
- The divestiture strengthens Fathom's financial position and supports growth initiatives.
- Access to LiveBy's data and potential revenue-sharing benefits enhance the company's offering.
- Integration of capabilities across the platform is expected to improve retention and customer satisfaction.
The agreement with Move Concierge marks a strategic move for Fathom Holdings, strengthening partnerships and enhancing services for agents and clients alike.