The acquisition of tenant referencing firm FCC Paragon by Openbrix is a ‘strategic move’ that will take the proptech firm to ‘another level’ and formalise its relationship with its tenant app, tlyfe.

So says Adam Pigott (main image), CEO of OpenBrix, who adds: “We’ve been collaborating with FCC Paragon for over three years, developing deep integration with their tenant referencing and our tlyfe Rent Ready pre-qualifying references together with their rental warranties.

This feels more like the alignment of shared goals.”

“They’ve always been a strategic partner in our plans, so this feels more like the alignment of shared goals. FCC Paragon’s references and customer service are second to none and this is an opportunity to further build and expand on this strong foundation.”

FCC Paragon MD, Bryn Cole (pictured) echoed this enthusiasm, saying: “We’ve built a strong relationship with the OpenBrix team over the years, and this acquisition is a natural progression.

“Openbrix’s vision and the availability of significant resources will take FCC Paragon to another level, further expanding our already comprehensive suite of products and services. I couldn’t be happier for our staff and the future reputation of the company.”

This is both a strategic and timely move by Openbrix, whose tenant App, tlyfe, is already the UK’s largest single-source tenant platform of registered tenants and continues to grow daily, it is claimed.

Timing

Openbrix Chairman and former Countrywide boss John Hards adds: “With the Renters Rights Bill coming into effect in 2025, the demand for high-quality reference provision and supportive rental warranties will be higher than ever.

“The timing of our acquisition of FCC Paragon couldn’t be better. We are very excited and fully committed to enhancing the depth and quality of the service for all our customers.”