CoStar Closes $800M Cash Acquisition of New-Home Platform Zonda
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CoStar Group , a leading provider of online real estate marketplaces, information, analytics and 3D digital twin technology, announced that it has completed its acquisition of Zonda , a new home-construction data, homebuilder software and residential real estate marketplace platform, for $800 million in cash. Zonda 's platform of proprietary lot-level construction and development data, which serves more than 3,000 homebuilders, developers, lenders and suppliers, gives CoStar a foothold in the $400 billion annual U.S. new-home sales market, according to the CoStar announcement. Based in Washington, D.C., Zonda generated approximately $170 million in revenue in 2025. CoStar's acquisition of the platform was first announced in May. "Zonda has built an exceptional business around information the homebuilding industry relies on every day," Andy Florance, founder and CEO of CoStar, said in announcing the deal's closing. "This is a massive market with a sophisticated group of builders, developers, lenders, investors and suppliers that need purpose-built information, analytics and marketing solutions. With the acquisition now complete, we have the opportunity to bring together Zonda's proprietary new construction data, software and builder relationships with CoStar Group's technology, analytics and marketplace capabilities." The deal provides Arlington, Va.-based CoStar with...
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