AP NEWS

Data-driven Technology Solutions Help Fuel Offerpad’s Rapid Growth

September 5, 2018

PHOENIX--(BUSINESS WIRE)--Sep 5, 2018--Within three short years, on-demand homebuyer Offerpad has seen 3x growth year-over-year, and is on pace to achieve $2.5 billion in annual real estate transactions. The company’s solution of providing certainty and ease when buying and selling a home was built on the backbone of decades of real estate experience and led by real estate agent innovator, Brian Bair. “We understand every pain point that occurs for the consumer during this process, and we are constantly striving to develop new solutions that will eliminate stress when purchasing a home. Our real estate background gives us this perspective, and our technology allows us to do it even more successfully,” said Bair.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180905005270/en/

Gint Grabauskas, Offerpad CTO (Photo: Business Wire)

Ongoing efforts to enhance the customer’s experience through data-driven technology solutions includes an announcement of Gint Grabauskas as Offerpad’s chief technology officer. Grabauskas will oversee the company’s engineering and IT teams, and be responsible for quality assurance, system development and technology-powered product enhancements, including Offerpad’s Instant Access mobile app. He brings 20+ years of technology leadership with him, most recently as chief technology officer at Arizona-based Vixxo. Grabauskas also served as vice president of engineering with GoDaddy, where he led the hosting business unit. Under his leadership the unit experienced significant growth which contributed to GoDaddy’s IPO in 2015.

“I am really excited to be part of the Offerpad team. Our technology stack is well-positioned to enable significant growth in the business,” said Grabauskas. “My goal will be to amplify this growth by focusing on a friction-less customer experience, and a world-class, scalable platform.”

ATTOM Data Solutions recently covered Offerpad’s data-fueled disruption in the marketplace. “We’ve been watching Offerpad and others in the industry use technology and data to feed insights into their operations over the recent years. As this new industry is being defined, we believe the companies who focus on technology to align with consumer needs will be the ones that experience brand awareness and growth,” said Rob Barber, CEO at ATTOM Data Solutions.

The demand of Offerpad’s solution is driving the company’s uptick in hiring across eight markets. The company has nearly doubled its employee pool since August 2017, recently announcing Offerpad’s COO & Chief of Staff, Rahim Lakhani and Chief of Product & Analytics Officer, Arindam Bose.

To learn more about Offerpad’s solution and open employment positions, visit www.offerpad.com.

ABOUT OFFERPAD

Offerpad is revolutionizing the real estate industry by providing an innovative and convenient way to sell or buy a home. Founded in 2015, the leadership team brings decades of real estate experience that collectively has purchased, renovated and rented or sold more than 100,000 homes. Offerpad is a privately held company, headquartered in Arizona, with markets in Atlanta, Charlotte, Las Vegas, Los Angeles, Orlando, Phoenix, Salt Lake City and Tampa.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180905005270/en/

CONTACT: Offerpad Contact

Cortney Read, Director of Communications

press@offerpad.com

KEYWORD: UNITED STATES NORTH AMERICA ARIZONA

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT INTERNET SOFTWARE CONSTRUCTION & PROPERTY RESIDENTIAL BUILDING & REAL ESTATE

SOURCE: Offerpad

Copyright Business Wire 2018.

PUB: 09/05/2018 09:03 AM/DISC: 09/05/2018 09:03 AM

http://www.businesswire.com/news/home/20180905005270/en

AP RADIO
Update hourly