OnTheMarket plc OTM Software signs agreement with Arun Estates
May 05 2023 - 1:00AM
RNS Non-Regulatory
TIDMOTMP
OnTheMarket plc
05 May 2023
REACH
ONTHEMARKET PLC
("OnTheMarket", the "Group" or the "Company")
OnTheMarket Software signs agreement with Arun Estates
OnTheMarket plc (AIM: OTMP), the majority agent-owned company
which operates the onthemarket.com property portal, is pleased to
announce that Arun Estates, one of the UK's largest estate agency
groups, has signed an agreement for the use of OnTheMarket
Software's TecLet platform across its entire lettings business.
TecLet, the automated pre-tenancy and property management
platform, will enable Arun Estates, which operates from over 100
branches, to provide its landlords and tenants with a seamless
approach to the tenancy and onboarding process, including renewals
and changes of sharers.
The platform provides landlords, tenants and guarantors with a
fully interactive portal, operating 24/7 whilst ensuring full legal
compliance. TecLet's unique benefits include seamlessly integrating
the various service providers chosen by Arun Estates to manage
aspects of the lettings process, including E-document Signing
(Finch), Open Banking Referencing (Let Alliance) and an alternate
deposit option (Flatfair) to name a few.
Jason Tebb, Chief Executive Officer of OnTheMarket,
comments:
"We launched OnTheMarket Software as part of our strategy of
building a differentiated, technology-enabled property business and
are delighted that Arun Estates has chosen our TecLet platform for
its entire lettings business. We look forward to providing them
with the significant benefits of TecLet in terms of improved
efficiency and productivity along with higher levels of customer
service and increased API revenue generation. We are now more than
just a portal and the continued sign ups to our software solutions
are testament to how we are providing added value for our
agents."
Jason Bunning, Managing Director of Operations at Arun Estates
comments:
"We have a passion for delivering great customer service and
making the moving process as stress free as possible, and working
with OnTheMarket and TecLet helps us on both fronts by
complementing and enhancing our customers' digital journey."
Ends.
For further information, please contact:
OnTheMarket 0207 353 4200
Jason Tebb, Chief Executive Officer
Simon Bullock, Interim Chief Financial Officer
Teneo 0207 353 4200
Giles Kernick
Alec Tidbury
This is a Reach announcement and the information contained is
not considered to be material or to have a significant impact on
management's expectations of the Company's performance. Reach is an
investor communication service aimed at assisting listed companies
to distribute non-regulatory news releases into the public domain.
Information required to be notified under the AIM Rules for
Companies, Market Abuse Regulation or other regulation would be
disseminated as an RNS regulatory announcement and not on
Reach.
Background on OnTheMarket :
OnTheMarket plc, the majority agent-owned company which operates
the onthemarket.com property portal, is a leading UK residential
property portal provider.
Its objective is to create value for shareholders and property
advertiser customers by delivering an agent-backed, technology
enabled portal - offering a first-class service to agents and new
homes developers at sustainably fair prices and becoming the go-to
portal for serious property-seekers.
OnTheMarket provides a unique opportunity for agents to
participate in the equity value of their own portal. Agent backing
and support enable OnTheMarket to display 'Only With Us' properties
which are either exclusive properties advertised at onthemarket.com
by customers who do not list their properties with either Rightmove
or Zoopla, or properties listed 24 hours or more before agents
release these properties to Rightmove or Zoopla.
This information is provided by Reach, the non-regulatory press
release distribution service of RNS, part of the London Stock
Exchange. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
NRANKQBBOBKDNPK
(END) Dow Jones Newswires
May 05, 2023 02:00 ET (06:00 GMT)
Onthemarket (LSE:OTMP)
Historical Stock Chart
From Apr 2024 to May 2024
Onthemarket (LSE:OTMP)
Historical Stock Chart
From May 2023 to May 2024