Property ManagementeNeighborhoods Founder Reacquires Company From Homestore
Stuart Siegel, the original founder of eNeighborhoods, Inc., has
re-acquired the company from Homestore (Nasdaq: HOMS).
Homestore acquired eNeighborhoods in August 2001 as part of its purchase of
iPlace, Inc. in a $151 million cash and stock deal. eNeighborhoods was founded
in 1996 by Siegel and two partners (Jerry Meyer and David Meyer) and changed
its name to iPlace in February 2000 after acquiring ConsumerInfo.com and
QSpace. This acquisition from Homestore only includes the eNeighborhoods
portion of iPlace.
eNeighborhoods was created to give real estate professionals quick and easy
access to detailed information about any neighborhood in the country, including
facts about schools, home values, crime rates, cost-of-living and other
demographics. The tools allow real estate professionals to market their
services by providing colorful, easy to understand neighborhood reports that
can be printed out, emailed or linked to a website. The HomeLog eFarming
feature allows for continuing contact with customers and prospects.
"We are excited about the opportunity to get eNeighborhoods back from
Homestore", says Stu Siegel. "The entire eNeighborhoods Team is committed to
continually enhancing the tools for our nearly 100,000 users, as well as
maintaining our tradition of customer support that is second to none."
Siegel, along with Jerry Meyer and David Meyer, has founded a new company
called Siegel Enterprises, Inc. (which will be known as Siegent). Siegent is
now the parent company for eNeighborhoods, as well as for HomeData Corp.,
another recent acquisition. Says Siegel, "Siegent is the launching grounds for
even more exciting products, so stay tuned."