Property Software Group, the supplier of software systems to thousands of agents and whose sale to Zoopla was announced yesterday, is just over one year into a five-year contract with OnTheMarket.
It means that OTM effectively becomes a customer of its arch rival Zoopla Property Group.
The ongoing contract includes PSG delivering the functionality whereby agents can list ‘new and exclusive’ properties on OTM before releasing them to any other portal, including Zoopla.
PSG boss Mark Goddard is to become CEO of Zoopla property services – the portals and software businesses.
Yesterday OTM CEO Ian Springett did not directly refer to any possible clash of interest, but wrote to his members as follows:
“You may well have seen today’s announcement on Property Industry Eye that Zoopla Property Group is to acquire Property Software Group (PSG).
“Property Software Group is a major supplier to agents of software systems such as Vebra, Alto, Jupix, Core and CFP.
“The team at Agents’ Mutual has enjoyed a highly constructive and collaborative relationship with the senior management at PSG – right from development, through launch and subsequently in the operation of OnTheMarket.com.
“In January 2015, we and PSG committed to a 5-year contractual arrangement to cover our shared agents’ datafeed requirements.
“These explicitly include the process for both normal BLM and real time feed versions.
“The requirements also cover support in developing and delivering unique functionality for agents to display new-to-market sole agency ‘New & exclusive’ properties at OnTheMarket.com in advance of releasing them to any other portal.
“I have already had assurance from Mark Goddard, who is CEO of PSG and will become MD of Zoopla’s property services division, that it will be ‘business as normal’ with no change in the nature of our relationship with PSG.”
EYE has also asked Rightmove about any ongoing contractual relationship with PSG, which would also make it a customer of Zoopla.
Last night Rightmove said it would not comment for the time being but was looking into the issue.