iTWire - hipages takes a 25% stake in Bricks + Agent

"I have followed Bricks + Agents progress for several years and have been really impressed to see Rafael, Jon, and their team develop a market-leading technology solution that makes life easier for their customers by taking the headache out of property management," said hipages Group CEO and co-founder Roby Sharon-Zipser. "Having founded hipages 17 years ago and have learned my fair share of lessons along the way, Im excited to partner with another founder-led company to achieve our ambitious goals together." Bricks + Agent CEO and co-founder Rafael Niesten said "Weve reached a point where the time is right to accelerate our growth plans to capture the huge opportunity we have ahead of us. According to hipages, its investment will provide Bricks + Agent with the capital to accelerate its growth plans (which include further international expansion), and there are significant opportunities for cross-selling and lead generation. The deal is being funded from hipages cash reserves, and its CFO and COO Melissa Fahey will join the Bricks + Agent board.