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RE/MAX acquires real estate technology company

RE/MAX Holdings Inc. acquired real estate technology company booj in a cash transaction for an undisclosed amount.

Booj develops technology platforms for the real estate industry, including websites, apps and predictive analytics systems.

The deal was funded with cash on hand, according to a release. RE/MAX expects the transaction will have minimal impact on the company's first-quarter results, with an expected per-share reduction in adjusted full-year 2018 EPS of 3 cents to 5 cents.