Tyler Smith, CEO of Sacramento-based data technology firm SkySlope, has much to be excited about and EO Sacramento couldn't me more proud of our member and his recent accomplishment.
Sacramento Business Journal recognized Tyler as one to watch in their annual "40 Under 40" feature after Fortune 500 title insurance company, Fidelity National Financial Inc., purchased a majority share of SkySlope for an undisclosed amount.
Launched in late 2010 by Tyler, SkySlope is a transaction management platform for the real estate industry, allowing deals to go paperless.
SkySlope said in a press release its partnership with Fidelity National (NYSE: FNF) will provide expanded resources to continue to deliver "leading-edge transaction management software to the brokerage industry" and to expand its product offering with new brokerage applications.
“SkySlope’s goal is to empower real estate brokerages, agents, and downstream service providers with the most innovative and comprehensive suite of brokerage management tools and digital transaction management software available in the market,” Smith said in the release. “SkySlope and Fidelity share a common vision to create a seamless end-to-end real estate transaction experience for consumers, brokers, and title/mortgage service providers and to enable brokerages to have full insight into all aspects of their financial performance and transaction activity.”
SkySlope says its platform is used by more than 1,500 brokerages with 5,000 offices nationwide. This empowered more than 140,000 agents to initiate about 1.5 million real estate transactions over the past year.
"SkySlope’s leadership will remain in place following the purchase," Smith said in the press release. The company expects to expand its transaction coordination and engineering departments as it develops new products.
On behalf of the entire EO Sacramento Chapter, we salute you, Tyler. Your entrepreneurship inspires us to continue our efforts in building a better 'mouse trap', setting higher goals and pursuing endless possibilities.