Zonda, the parent company of BUILDER, acquired UTour, an on-demand, interactive self-tour experience serving the new residential construction market.
The new addition to the Zonda portfolio will integrate with Livabl, the company’s new-home listings website, and further enhance Zonda’s “commitment to becoming a leading residential real estate technology provider focused on the new-home market.”
“This is a significant milestone for Zonda and a very positive way to add to our business,” says Jeff Meyers, CEO of Zonda. “Bringing UTour under our umbrella continues to expand our offerings and take the company to the next level for providing our customers with the best technology in the home building industry.”
Zonda says the acquisition of UTour enhances its data capabilities and complements the previous acquisitions of Livabl and Zonda Virtual, formerly Alpha Vision.
Founded in 2018, UTour grew from a collaboration from a residential real estate marketing agency and one of its home builder clients. According to a release, UTour represents the most robust on-demand self-tour solution, allowing home shoppers to enjoy interactive, self-guided tours of new homes at any time of day.
UTour says it is the first integrated platform in the residential real estate industry that combines unattended access, AI-powered voice, chatbot technologies, and smart-home security to create a relaxed environment for prospective home buyers without the presence of a salesperson.
“Becoming part of Zonda is a critical step in the future of UTour,” says Tom Nelson, founder of UTour. “We founded the company to disrupt the traditional process to make home shopping easier, smarter, and more efficient. We want to help builders sell more homes and allow home shoppers to find their dream homes on their terms. We feel Zonda is aligned on these goals in providing the best builder and customer experience for home buying.”
Zonda serves a cross-category customer base, including builders, land brokers and developers, mortgage lenders, financial services firms, and building product manufacturers.
In 2020, Zonda acquired satellite imagery and artificial intelligence technology company Bird.I and residential market research firm Belfiore Real Estate Consulting to further evolve into a leading data, research, and technology company. Livabl, launched earlier in 2023, is Zonda’s consumer-focused new-homes listing site.