Fathom divests LiveBy assets to Move Concierge for $3M

Fathom (FTHM) announced the divesture of LiveBy assets to Move Concierge for $3 million. The Company expects to receive an additional $300,000 annually in contingent consideration based on data-sharing arrangements. The proceeds from the divestiture will support Fathom’s growth initiatives. As part of the transaction, Fathom will retain access to the LiveBy platform for the next five years. In addition, Move Concierge has committed to extending its current suite of services to all Fathom agents. Both LiveBy and Move Concierge will make their services available to every agent and brokerage that licenses the IntelliAgent platform.