Openn Secures New Ownership, Sharpens Focus on CoreMarkets

Openn Pty Ltd, Openn Tech Pty Ltd, and Openn World Pty Ltd (collectively "Openn") are proud to announce a new ownership team with a strong background in Australian property and technology. Led by Neil Rose of Tribar Capital, the investment group includes the highly successful financial technology founders Mark Kalajzich and Martin Lam, formally of Lendi Group & Aussie Home Loans. Openn is now positioned strongly for growth with new investment and significant expertise in technology.

With Kalajzich and Lam's expertise in transforming legacy industries with technology, Openn is poised for an exciting evolution. Mark Kalajzich elaborates, "Openn's dedication to empowering real estate agents aligns perfectly with our vision. Openn has always delivered and will continue to deliver outstanding outcomes for home buyers and sellers. We are equally excited about developing strong value for agents, solving pain points in property transactions is our number one priority. Having grown Lendi to become Australia’s number one online home loan platform, we're eager to contribute our experience and support the outstanding Openn team to achieve similar success, particularly in the thriving markets of Australia, New Zealand and Asia."

This new ownership structure allows Openn to operate as a private company, retaining its core team under the existing leadership of CEO Sean Adomeit. Openn remains committed to its mission of equipping real estate agents with innovative tools that streamline workflow and enhance client outcomes.

"We're thrilled to partner with Tribar Capital, Mark and Martin," says Sean Adomeit. "Their proven track record in building successful businesses, particularly in challenging the status quo, will be instrumental as we focus on propelling Openn's growth in our core markets."

A Commitment to Australasian Innovation and Service

Openn thanks Peter Gibbons for the tremendous contribution he has made to the business over many years. Moving forward the company remains dedicated to its core Australasian markets.These solutions empower agents to streamline processes, deliver exceptional client experiences and maximize sale prices. As part of the recapitalisation process, Openn has divested all North American operations to Final Offer LLC.

"We are incredibly grateful for the unwavering loyalty and support of our users," concludes Adomeit. "Openn's platform will continue to provide agents with the best possible tools to achieve outstanding results for their clients and we are excited about the additional features we will be launching over the coming months."

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