Zoopla acquires UpMyStreet.com
10th May 2012
Property portal Zoopla.co.uk announced today that it has acquired UpMyStreet.com, one of the UK’s leading and longest standing property information websites, for an undisclosed sum.
Launched in 1998, UpMyStreet.com was one of the first property websites in the UK and has been helping consumers find places to live and discover local information and services since. Recent figures from independent website monitoring firm, Nielsen, show that in March UpMyStreet.com attracted over 600,000 unique users.
With immediate effect, users of UpMyStreet.com will be re-directed to Zoopla.co.uk, the UK’s most comprehensive property website that focuses on property search, helping consumers find their next home and property research, helping them make better-informed decisions.
This latest acquisition by Zoopla provides a further opportunity to build on its already impressive audience growth and is a win for its agent and developer members who will now enjoy further exposure and enquiries as a result of this deal.
This deal follows the decision last month by The Office of Fair Trading (OFT) to give Zoopla the go ahead for its merger with Digital Property Group which is expected to complete within the next few weeks.
Alex Chesterman, Founder & CEO of Zoopla said: “Zoopla has had a commercial relationship with UpMyStreet.com for some time and this acquisition is a natural fit for us and allows us to further extend our audience and reach for the benefit of our members.”
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For further information please contact Lawrence Hall on 020 7620 4618 / 07890 078 945 email@example.com.
Notes to editors
Zoopla.co.uk is the UK's most comprehensive property website, focused on empowering users with the resources they need to make better-informed property decisions. We help consumers both find their next home and research the market by combining hundreds of thousands of property listings with market data, local information and community tools.
At Zoopla we are fans of transparency and everything we do is aimed at making the market more efficient for both property consumers and advertisers alike. Zoopla.co.uk has rapidly become the UK's leading online destination for property consumers to search for homes and do their market research and the favoured online marketing partner for UK estate agents, letting agents and property developers.
Launched in 2008, Zoopla.co.uk has since been one of the fastest growing websites in the UK, now attracting over 20 million visits per month and we are proud to have collected numerous awards and accolades along the way, including being named one of the Top 10 UK Tech Companies (Guardian) and one of the Top 10 Most Innovative UK Companies (Smarta).
Zoopla.co.uk is part of Zoopla Property Group Limited, a privately held company whose shareholders include dmg media (a division of DMGT), leading venture capital firms Atlas Venture and Octopus Ventures and a handful of well-respected angel investors. The company has a highly-experienced management team, led by Founder & CEO, Alex Chesterman.
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