ANGI Homeservices: A Home Service Platform To Watch (NASDAQ:ANGI)

Thesis

ANGI Homeservices (ANGI) is the largest digital marketplace for home services. Although its performance has lagged expectations in recent years, we believe the recent initiatives taken in combination with ongoing catalysts could provide ANGI with a significant opportunity to capture the home services market.

Background

ANGI began as Angie’s List in 1997 as a website to review services providers. In late 2017, it was acquired by IAC (NASDAQ:IAC) (media holding company) and merged with Home Advisor to create ANGI Home Services. It also includes several smaller companies including Handy which it acquired in late 2018. ANGI enables homeowners to connect with contractors/handymen to perform the jobs needed. ANGI currently has about 200,000 service providers (SPs) and 15mm households on its platform.

To put this in perspective, there are about 120 mm households and about two million SPs in the United States. The TAM of the household services is half

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Rocket Mortgage Introduces New Tech Platform to Empower Real Estate Agents

DETROIT, Oct. 12, 2020 /PRNewswire/ — Rocket Companies (NYSE: RKT) today launched “Rocket Pro Insight”, a new technology platform providing real estate agents real-time updates on the status of their clients’ mortgages. Through both a website and mobile app, real estate professionals will have transparency into the loan experience. They are now able to see where each loan is in the process, the terms of their clients’ loans, if additional documentation is needed and when it will close.

“Our team is constantly leveraging the power of technology to streamline and simplify the mortgage process. Rocket Pro Insight is the latest innovation in a long line of FinTech tools we have created to improve the experience and give added confidence to our clients and their partners,” said Jay Farner, CEO of Rocket Companies. “There is no doubt real estate agents are crucial in the home purchase process. They are the homebuyer’s

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Delta Media upgrades its Builders and Communities Platform for Real Estate Brokerages

Michael Minard, CEO and owner of Delta Media Group

Michael Minard is CEO and owner of Delta Media Group, one of America’s most established and largest broker technology solutions providers.
Michael Minard is CEO and owner of Delta Media Group, one of America’s most established and largest broker technology solutions providers.
Michael Minard is CEO and owner of Delta Media Group, one of America’s most established and largest broker technology solutions providers.

CANTON, Ohio, Sept. 30, 2020 (GLOBE NEWSWIRE) — Delta Media Group Inc., one of America’s most established and largest broker technology solutions providers, is launching a newly updated website service that allows real estate brokers to showcase affiliated home builders and communities.

The latest improvement to Delta Media’s robust DeltaNET 6 platform, makes it easier than ever for brokerages to feature each home builder they represent, putting a spotlight on new home listings, sales models, videos, virtual tours, floor plans, documents for downloading, maps and more.

Available from directly inside the brokerage website, affiliated builders receive “a website within

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Workplace Experience Platform Lane to Power Nuveen Real Estate’s Waterford Business District in Miami

The 1.8 million+ square foot professional hub will be digitally connected by Lane’s best-in-class workplace technology.

NEW YORK, Sept. 23, 2020 /PRNewswire/ – This summer, Lane, a leading workplace experience platform, and Nuveen Real Estate, a leading global real estate manager, rolled out the Lane mobile app at Waterford Business District, one of the most prominent corporate office complexes in the Southeast U.S. Located near Miami International Airport, Waterford houses more than 100 multinational corporations and has one of the highest concentrations of regional and Latin American headquarters in South Florida. 

“Launching our technology across seven office buildings in the midst of a global pandemic was no small feat, but we were inspired by Nuveen’s commitment to creating a unified workplace culture within the District,” said Clinton J. Robinson, CEO and Co-Founder of Lane. “It’s not every day that you get to help revitalize one

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Workplace Experience Platform Lane to Power Nuveen Real Estate’s Waterford Business District in Miami

This summer, Lane, a leading workplace experience platform, and Nuveen Real Estate, a leading global real estate manager, rolled out the Lane mobile app at Waterford Business District, one of the most prominent corporate office complexes in the Southeast U.S. Located near Miami International Airport, Waterford houses more than 100 multinational corporations and has one of the highest concentrations of regional and Latin American headquarters in South Florida. 

“Launching our technology across seven office buildings in the midst of a global pandemic was no small feat, but we were inspired by Nuveen’s commitment to creating a unified workplace culture within the District,” said Clinton J. Robinson, CEO and Co-Founder of Lane. “It’s not every day that you get to help revitalize one of the country’s leading corporate destinations, and we are very proud to help bring the future of work to Waterford.”

“We are excited to put an

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