This is an exerpt from a message sent to Upstream participants, investors and supporters fom our CEO, Alex Lange
I was hoping to post an update before the media blitz, but we should never be surprised by how fast news spreads about movement in our industry. If you haven’t seen the news, Upstream is making big changes that are great for the project, practitioners, and MLSs.
We’ve learned a ton over the past few years, and frankly, NAR has been instrumental in helping us define the product, understand friction in deployment and navigate the political environment. Our refined understanding of what it will take to implement Upstream’s dream lead all parties to agree that we should amicably separate and seek new options.
Upstream has vetted and select a new vendor to power our initiative. We have solidified early deal terms and will announce as soon as we have signed the definitive agreement.
It’s been an exhilarating journey but not remotely as exciting as our renewed prospects with our new partner. They will dramatically accelerate our rollout and vendor adoption. They will leverage what we’ve learned and incorporate it into their extensive and reliable platform.
If you can’t tell… I’m thrilled!
But before the rumors start, I want to set a few things straight…
I apologize for being so quiet while working on these deals. I believe more than ever that 2019 will be phenomenal for Upstream, practitioners and the industry.
I'm looking forward to announcing more details of our new partnership soon. For now, if you want to read more about the transition, you can go here.
We seek to create efficiencies by reducing redundant entry, help brokers distribute deliberately by giving them control over who can access their data and inspire innovation by removing artificial barriers when the broker allows.