BELLEVUE, Wash. (June 3, 2024) — MoxiWorks, the leading technology platform for real estate agents, today announced the appointment of Eric Elfman, a seasoned executive with a track record of accelerating product and go-to-market strategies, as the company's new CEO and member of the board of directors. Current CEO York Bauer will remain on the board and help guide vision and strategy.
During Bauer's tenure at MoxiWorks, the company became an integral part of 800 brokerages and mortgage companies and more than 400,000 agents worldwide.
Elfman will oversee all aspects of the company with a focus on enhancing the agent experience at MoxiWorks and accelerating the development of a modern platform for agents at brokerages of all sizes powered by AI. Elfman most recently served as CEO and co-founder of Onit, a leading provider of AI, workflow automation and enterprise legal solutions, where he grew the company from $0 to $100 million in revenue.
“I am honored and humbled to join a company with such a strong legacy,” said Eric Elfman, CEO of MoxiWorks. “While we're new to real estate, we're keen to join MoxiWorks at a time of significant change in the residential real estate industry. We're committed to helping our community navigate these changes and providing access to the latest technology to maximize productivity and success. To do this, we must reimagine what brokers and agents really need. With the financial backing of Vector Capital and the talented team at MoxiWorks, we're investing heavily to become the company that best understands the realities of agents today. We'll soon have a new platform that will build on the foundational capabilities of the past and support the future.”
“Eric is an accomplished leader with a proven track record of growing vertical software businesses and expanding market share,” said Rob Amen, Managing Director at VectorCapital and member of MoxiWorks' board of directors. “We believe Eric's unique combination of strategic product insight and operational knowledge makes him the perfect leader to accelerate MoxiWorks' success in its next phase of growth.”
“I am incredibly proud of all we've accomplished over the last 12 years and am confident that these changes will help propel MoxiWorks into its next phase of growth,” said York Bauer. “The board and I are confident that Eric's experience and strategic vision make him the best person to drive our innovative product strategy and accelerate our growth.”
“I want to thank John for his strong leadership as CEO of MoxiWorks over the past 12 years,” said Ament. “Without John's hard work, leadership and dedication to the company, MoxiWorks would not have the unparalleled position in the enterprise market and award-winning product portfolio it has today.”
About MoxiWorks
MoxiWorks is a real estate technology platform that has been revolutionizing the industry for over a decade, helping 800+ brokerages and 400,000+ agents increase productivity for easier, faster marketing and management experiences. Flexible, stackable, and customized MoxiWorks solutions reduce the day-to-day tasks of brokers and empower real estate stars to thrive. Learn more and accelerate your growth at moxiworks.com.
About Vector Capital
Vector Capital is a leading San Francisco-based private equity firm focused on transformational investments in middle market technology and technology-enabled businesses. Founded in 1997, Vector manages over $4 billion of capital across private equity and credit strategies on behalf of a select group of global limited partners. For over 25 years, the firm has invested in technology businesses while transforming their operations to deliver breakthrough operational and financial results. For more information, please visit www.vectorcapital.com.
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