MoxiWorks Finalizes Sale of MoxiBalance to Vero
Deal News | Jun 02, 2025 | Aim Group
Bellevue, Washington-based MoxiWorks, a company specializing in real estate sales and marketing software, has announced the sale of its back-office accounting product, MoxiBalance, to Vero. The newly formed Vero, an operating unit within another company, is aiming to expand its capabilities with this acquisition, although financial specifics have not been disclosed. In conjunction with the acquisition, Vero has named Ishtyaq Ahmed as their Chief Product Officer (CPO), indicating strategic growth and enhancement in their product line.
Sectors
- Real Estate Technology
- Software Development
Geography
- United States – MoxiWorks is based in Bellevue, Washington, indicating that the deal and the operations are primarily situated within the United States.
Industry
- Real Estate Technology – MoxiWorks operates within the real estate technology industry, providing sales and marketing software tailored for real estate professionals.
- Software Development – MoxiBalance, the product sold to Vero, is a software solution aligning with this industry as it offers back-office accounting functionalities.
Financials
- Not disclosed – The financial terms related to the acquisition of MoxiBalance by Vero were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| MoxiWorks | Seller | Company | A real estate sales and marketing software provider based in Bellevue, Washington. |
| Vero | Buyer | Company | A newly formed operating unit acquiring MoxiBalance to expand its product offerings. |
| Ishtyaq Ahmed | Chief Product Officer | Person | Appointed as CPO of Vero, signifying a leadership role in product development and strategy. |