MinuteBids Buys Silicon Valley Startup VendorMonkey

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MinuteBids, Inc, a Minneapolis based SaaS company in the real estate technology market, today announced the acquisition of VendorMonkey, a Silicon Valley start-up. VendorMonkey is a subscription-based community showcasing industry specific ratings and reviews for multifamily housing service providers, with an emphasis on promotions and engagements through social media.”

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MinuteBids is disrupting the $292 billion multifamily housing and commercial real estate markets by offering property management professionals an alternative, cost-effective way to get competitive project bids with the goal of increasing their net operating income (NOI).

The addition of VendorMonkey to the MinuteBids’ platform will expand their suite of web-based tools available to property management professionals during each phase of their service provider selection and management process.

Joining MinuteBids as part of this acquisition is Trish Moore, a founding partner of VendorMonkey. Ms. Moore is a multifamily housing professional with over 18 years of experience and a strong reputation for her ability to create customized solutions for property management companies of every size: from large real estate investment trusts (REITS) to third party property management companies. Ms. Moore will join the MinuteBids executive team as Executive Vice President. “I am excited to join the MinuteBids team that shares a common vision to enable property management professionals to easily discover, compare and select from thousands of service providers based on the shared knowledge of industry professionals.”

“Our property managers have been asking for more tools to help them in their decision making. The addition of VendorMonkey solves this challenge and more”, said Cory Factor, CEO of MinuteBids, “Ms Moore will be opening our Silicon Valley office, plus her experience and understanding of our market will help us achieve our shared objectives.”

About MinuteBids

MinuteBids is a two-sided online marketplace that enables property managers and local service providers to conduct business. MinuteBids’ primary service allows property managers to define projects and to be matched to quality service providers in their area, and MinuteBids Corporate allows large organizations enterprise-wide collaboration. MinuteBids Mobile allows property managers to create reports, take photos and make notes on-premises and saved to their MinuteBids property files. MinuteBids continues to add the features and products property managers and service providers need to run their businesses more successfully.

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