The financial terms of the deal were not disclosed. With the close of the sale, backers Neuhaus Partners (Matthias Grychta), High-Tech Gründerfonds (Markus Kreßmann), Bayern Kapital (Thomas Manitta) and BayBG Bayerische Beteiligungsgesellschaft (Alexander Ullmann), business angels Alexander Brühl and Christoph Janz have achieved a significant return that covers their invested capital many times over.
Propertybase offers an SaaS sales and marketing platform for the real-estate industry supporting estate agents and property developers in over 60 countries. The company has offices in Boulder (Colorado), Salt Lake City (Utah) and Sydney (Australia).
Boston Logic provides estate agents with software, online marketing and design services via a platform that combines CRM, websites, content management, marketing automation and data management.