KATE Innovations acquires Legal Things from Firm24

Press Release

KATE INNOVATIONS BUYS LEGALTHINGS FROM FIRM24

Third acquisition within one year

Utrecht, Feb. 17, 2021 – KATE Innovations, software developer for digital real estate processes, acquires LegalThings from Firm24. LegalThings offers real estate companies solutions for digitizing the entire (rental) contract cycle. Together with shareholder BORON, the investment company of the J.A. Fentener van Vlissingen family, KATE is thus actively investing in realizing its ambitions within the real estate sector.

Market leader in real estate technology

KATE is the link between advisors, banks and property owners, organizing the entire valuation process from A to Z. The acquisition of LegalThings fits seamlessly with KATE’s strategy and ambitions. “With LegalThings we not only expand our services, but also strengthen our position as a market leader in real estate technology. LegalThings’ software will be integrated into our existing platform. This gives owners direct insight into leases in a dashboard “, said Erik Schlooz, CEO KATE.

Growth and continuity

Real estate companies such as Merin, Stena and M7 Real Estate are already using the LegalThings software. Rick Schmitz, co-founder of Firm24, is pleased with the acquisition: “For the acquisition of LegalThings, we were looking for a party that can build on the technology and ensure its continuity. We found that party in KATE. We are convinced that they will welcome our existing clients with open arms, ensure optimal follow-up and remain committed to the further development of the platform. Firm24 can therefore confidently focus on expansion into other jurisdictions in the legaltech space.”