Home and garden site based in Stevensville sold to Move.com

INDUSTRY WATCH

May 21, 2000

Stevensville-based HouseNet Inc., a popular Web site dedicated to the home and garden, was acquired last week by Move.com Group from R.R. Donnelley & Sons Co. The terms of the transaction were not disclosed.

Move.com is owned by Cendant Corp., which owns NRT Inc. - the parent company of O'Conor, Piper & Flynn ERA. It will incorporate HouseNet's editorial content and online communities into its network of Web sites. The addition will increase Move.com's network penetration to 2.3 percent of all Internet users, the company said."HouseNet is a perfect strategic fit for Move.com," said Sarah Nolan, chief executive officer of Move.com Group. "Our network is committed to assisting consumers with high-quality services before, during and after a move. HouseNet will allow Move.com and our member sites to offer more in-depth and useful content to help users settle into life in their new homes."

News In Brief

Re/Max American Dream opened a new office at 620 South Main St. in Bel Air.

Re/Max Ambassadors said President and co-owner Joe Stephens has been named Realtor of the Year by the Carroll County Association of Realtors. He is also serving as president of the association.

On the Move

Century 21 Diana Realty Inc. said Kenneth Riddick has joined the company as a sales associate.

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