According to a press release, Davis Henderson (D+H) has entered into an agreement to divest several non-strategic business processing businesses to California-based “The Gores Group”. This includes the business providing Filogix MLS.
From an email sent earlier this morning:
The Real Estate Solutions group has along with several other D+H business units been sold to The Gores Group.Rest assured our full team and resources are transitioning to the new organization and we feel this move will allow us to get back to our roots in providing strong product progression and increased client support and services. The Gores Group is very interested in our business and is planning on supporting our strategic plans and investing in our product. What’s Next – over the coming weeks as the deal closes we will continue to operate as we do today with no immediate changes to our contact information or services. D+H will continue over the next 6 months to support all of the affected business units so that there are no service interruptions or changes that affect users.
Will this be good for Filogix MLS customers? The D+H acquisition didn’t have a positive impact on customer satisfaction. Will The Gores Group, a private equity firm, do any better? I hope so!
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