Executives said the acquisition will enable Final Offer, a platform used to manage and negotiate offers, to provide a “transparent, direct experience when buying and selling a home.”
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Final Offer, an offer management and negotiation platform, announced on Wednesday that it has acquired the North American business of trading platform Openn Negotiation.
Final Offer said in a statement that the two platforms “will provide agents, teams and brokerages in the United States and Canada with best-in-class offer management and negotiation technology.” The statement also said the platforms will also “provide the best-in-class offer management and negotiation technology when buying and selling a home.” Provide a more transparent and direct experience.”
Judd Hoffman
Judd Hoffman, co-CEO of Final Offer, added in the statement: “We share a commitment to providing transparent, efficient technology solutions for agents, buyers and sellers, and Openn complements the Final Offer platform and enhances our presence in the U.S. and Canada. influence and commitment.
The companies did not publicly disclose financial details of the acquisition.
Founded in 2021, Final Offer currently operates in 10 U.S. states and the Canadian provinces of Ontario and Alberta. The company, based in Boston, allows listing agents to post the complete terms their sellers are looking for along with a complete marketing breakdown of the listing. Both buyers and sellers must work with an agent to use the platform.
The Final Offer has raised $14 million in funding to date, according to a statement from the company.
The statement goes on to explain that Openn Negotiation was founded in Perth, Australia, in 2016 with the goal of providing “a transparent online sales process that facilitates instant negotiation of real estate transactions.” The company expanded into Canada in 2022 and “developed integrated products and systems with the Canadian Real Estate Association,” the statement added.
Peter Gibbons
Peter Gibbons, founder and managing director of Openn Negotiation, will stay on as the company becomes part of the final offer. “We are only beginning to see what is possible when the offer process is clear and the information is credible,” he said in a statement on Wednesday.
“I’m excited to partner with Final Offer,” Gibbons added. “Our mission is to provide a transparent offer experience to consumers and the real estate community in Canada and beyond.”
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