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Smarter Agent Secures $6 Million in Funding

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RISMedia, June 22, 2011— Smarter Agent, a mobile technology provider, recently announced it secured an additional $6 million from its super angel investors, completing its Series A funding to $18 million. The capital will continue the company’s accelerated growth and development of its mobile search platform, including the expansion of its leadership team. Joining the board is Howard L. Shecter, senior M&A partner at Reed Smith and chairman of Harris Interactive, a leading market research company.

The mobile platform has become a de-facto standard in the real estate vertical because it establishes direct linkages with the consumer at a national, regional, and local level via all mobile platforms. Currently the platform has more than 2.5 million downloads and is growing 20 percent month over month. Smarter Agent has the most robust, scalable platform in the industry, giving companies a mobile platform and applications that agents and consumers can use to sell a property or find one that’s right for them.

Smarter Agent builds an arsenal of mobile applications and tools for third parties to have their own custom branded mobile application suite. The real estate application is a comprehensive and detailed tool for anyone interested in providing consumers with accurate, unbiased, and local real estate information, which in most instances comes directly from MLS sources themselves or via their members who white label the platform.

For consumers, the applications feature up to date MLS data which lets users search by Homes for Sale, Recently Sold Homes and Apartments for Rent. These search options use Smarter Agent’s patented property search technology that pinpoints the user’s location to find available apartments and property listings in their immediate area or via address, community name, city or zip code.

Smarter Agent and the apps of its clients are free applications and more information can be found at www.smarteragent.com.

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