View Media Group (VMG) has today confirmed the acquisition of AD Group, which powers Australia’s leading off-the-plan property platforms. This follows the recent acquisition of proptech company, The Today Business.
AD Group was founded in 2014 by Jordy Catalano and Tom Hywood with the launch of thewebsite a-d.com.au; a purpose built property portal for off-the-plan apartment developments and house & land sales. It was developed in conjunction with the property development industry.
In 2017, AD Group launched Development ID, an inventory management platform for property developers and sales agents to manage and monitor sales from across the globe in real time. More than $8 billion worth of property sales has been transacted through the Development ID portal since launch, with the platform integrated into the workflow of national property sales businesses including Colliers Residential and CBRE Residential.