Fathom Expands Market Share in Arizona by Licensing Its intelliAgent Platform to Sovereign Realty Partners
Rhea-AI Summary
Fathom Holdings (Nasdaq: FTHM) has announced a strategic expansion in Arizona through licensing its intelliAgent platform and Elevate program to industry veterans Jeff Hawke, Joel Moyes, and Patrick Lewis. The partnership, operating as Fathom Realty Elite, marks a significant milestone in Fathom's platform expansion strategy, targeting a market with approximately 90,000 licensees.
The partnership combines Fathom's advanced technology platform with local expertise from leaders who bring 81 years of combined commercial and residential real estate experience. CEO Marco Fregenal indicated this could be the first of many similar agreements as independent brokerages seek to enhance their operations with cutting-edge technology and nationwide network access.
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News Market Reaction – FTHM
On the day this news was published, FTHM gained 5.88%, reflecting a notable positive market reaction. Argus tracked a peak move of +2.7% during that session. Argus tracked a trough of -10.3% from its starting point during tracking. Our momentum scanner triggered 4 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $2M to the company's valuation, bringing the market cap to $42M at that time.
Data tracked by StockTitan Argus on the day of publication.
This partnership significantly strengthens Fathom's presence in one of the largest and fastest-growing real estate markets in the nation, with approximately 90,000 licensees, and represents a significant milestone in our intelliAgent platform expansion strategy.
"We believe this will be the first of many such agreements, as independent brokerages increasingly look to elevate their operations by introducing cutting-edge technology and a robust nationwide network to provide a higher level of service for their customers," added Marco Fregenal, CEO of Fathom Holdings. "We are thrilled to welcome Jeff, Joel, and Patrick to Fathom. Their leadership, experience, and deep understanding of the local market align perfectly with our mission to serve agents and clients with excellence. Together, they bring 81 years of combined commercial and residential real estate experience in leading top-performing brokerages and mentoring high-achieving agents. Their reputation for integrity, professionalism, and exceptional client service is well-established throughout the
"This partnership represents a powerful combination, pairing best-in-class technology with trusted local leadership. More than that, it's built on shared values and a unified vision for the future of real estate."
Jeff Hawke added: "We are thrilled to leverage Fathom's intelliAgent platform, services, and the groundbreaking 'Elevate program' for the benefit of
"As Fathom continues to innovate and expand nationwide, partnerships like this highlight the company's strength in delivering exceptional value to agents. Through best-in-class technology, flexible commission plans, growth initiatives like the concierge program and revenue share, Fathom empowers agents to provide an unrivaled experience for consumers while enabling local leaders to make a meaningful impact in their communities."
About Fathom Holdings Inc.
Fathom Holdings Inc. is a national, technology-driven real estate services platform that integrates residential and commercial brokerage, mortgage, title, and SaaS offerings to brokerages and agents by leveraging its proprietary cloud-based software, intelliAgent. The Company's brands include Fathom Realty, Encompass Lending, intelliAgent, LiveBy, Real Results, and Verus Title. For more information, visit www.FathomInc.com.
Investor Contact:
Matt Glover and Clay Liolios
Gateway Group, Inc.
949-574-3860
FTHM@gateway-grp.com
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SOURCE Fathom Holdings Inc.
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