Place buys Remine for $1.5 million in cash at auction

Real estate tech and agent services company Place is on a buying streak, with the latest acquisition announced on Thursday. The firm revealed it had bought real estate software company Remine for $1.5 million in cash at an auction. This price is significantly lower than what four MLSs paid for Remine in October 2021.

The deal is set to be finalized in the next two weeks, as first reported by Inman News. This marks the second significant acquisition by Place in the past year, following the purchase of team servicing platform Livian in September 2024.

Established in 2019 by Ben Kinney and Chris Suarez, Place secured $100 million in a Series A funding round in 2021, achieving a valuation of over $1 billion. With more than 1,100 employees, the company has experienced substantial growth in the last five years.

In an interview with Inman, Kinney reassured Remine’s existing customers that they can expect the same level of service and support from the Remine team. Remine serves over 40 MLS customers, encompassing 600,000 agents and brokers nationwide. The company was founded in 2015 and was part of a joint venture known as MLS Technology Holdings, which sold it in 2021 for $53.5 million to Unlock MLS, First MLS, Miami Realtors’ MLS, and Heartland MLS.

The joint venture filed for voluntary bankruptcy in March 2025, leading to the sale of Remine’s assets. Since the sale in October 2021, Remine has faced financial challenges, with its workforce decreasing from 60 to 37 employees.