OpenBrix Acquires FCC Paragon
Deal News | Dec 19, 2024 | Aim Group
OpenBrix, a blockchain-based rental portal, has expanded its portfolio by acquiring FCC Paragon, a tenant referencing and lettings service provider. This acquisition aims to bolster OpenBrix’s capabilities in supporting and expanding its tenant app offerings, particularly Tlyfe and TlyfePro, which are significant players in the U.K. market. The move signals an effort by OpenBrix to enhance its service offerings within the property technology sector and further integrate blockchain solutions into real estate services.
Sectors
- Blockchain Technology
- Real Estate Technology
Geography
- United Kingdom – Both OpenBrix and FCC Paragon have a notable presence within the U.K. rental and lettings market.
Industry
- Blockchain Technology – The article discusses OpenBrix, a blockchain-based company, indicating relevance to the blockchain technology sector.
- Real Estate Technology – OpenBrix operates within the rental and property technology space, signifying its classification in the real estate technology industry.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| OpenBrix | Buyer | Company | A blockchain-based rental portal aiming to enhance its tenant app services. |
| FCC Paragon | Target | Company | A tenant referencing and lettings service provider in the U.K. acquired by OpenBrix. |