The Property Software Group & Zoopla announce acquisition

Today Zoopla Property Group (“ZPG”) announces its planned acquisition of The Property Software Group, (“PSG”) the corporate umbrella of CFP Software, together with Vebra, Core Systems, Alto and Jupix, announces

Supporting ZPG’s ongoing mission to become the most effective partner for UK property professionals, PSG together with its core software products, including newly released MoveIT and My Property File, will enable ZPG to offer the complete end-to-end solution including software and CRM, digital marketing and market insight tools and further revenue opportunities.

Upon the completion of the acquisition, PSG will continue to operate as a standalone platform and brand, with business as usual as the PSG team become an integral part of the wider Group.

PSG CEO Mark Goddard, will become Managing Director of the Group’s Property Services division, reporting to ZPG Founder & CEO, Alex Chesterman.

Completion is conditional upon either the cancellation of PSG’s existing FCA Consumer Credit License or FCA approval of the change of control of PSG, whichever comes earlier.

Mark Goddard, CEO of The Property Software Group said, “I am very proud of what we have achieved over the last nine-years but it is just the start. We’ve had a long-standing relationship with the team at ZPG and are incredibly excited to continue our journey as part of their growth and innovation story. We are very much looking forward to continuing to develop unmatched software tools and innovative products and to delivering even better value to our clients.”

Alex Chesterman, Founder & CEO of Zoopla Property Group Plc added, “This acquisition is a game-changer, combining ZPG’s best-in-class property marketing solutions with PSG’s best-in-class property workflow solutions, and will transform the services available for both UK agents and consumers.

“We will be able to offer UK property professionals an unrivalled proposition supporting them with their software and CRM solutions, digital marketing requirements, data and market insight tools along with providing them a range of new revenue opportunities through PSG’s MoveIT platform.

“Our ambition has always been to be the most effective partner to the UK property industry and this deal will allow us to work more closely with our agent partners and offer them an even more compelling service. I look forward to welcoming Mark and his team to the ZPG family.”