Ojo Labs raises $62.5M, acquires Movoto

With 350,000 daily visitors to its website, online real estate brokerage Movoto gives Ojo a valuable, popular website to operate. The acquisition follows a growing trend of companies working to fuse the once-disparate elements of the real estate lead and transaction into one platform. Real estate brokerage, portal and technology are quickly converging to one thing. This technology company will now also have real estate brokerages offices. Does that matter? What does (could or should) a brokerage look like in the future? There is little doubt that companies such as Zillow Group, Compass, eXp Realty, Redfin, OJO Labs and many others are exploring this opportunity.