iBuyNew expands with Nyko Property acquistion

Online agency iBuyNew has acquired Melbourne-based property research advisers Nyko Property. 

IBuyNew ‘s operator, ASX-listed Disruptive Investment Group Limited (DVI), said Nyko, which was established in 2008, will complement IBN’s online platform and operational infrastructure. 

Mark Mendel, chief executive officer iBuyNew said the acquisition of Nyko positions the business to business (B2B) offering with wider breadth through established partners, well-developed systems and processes.

“The Nyko business is very complimentary to IBN and will play a key role in the success of our corporate partnerships network channels," he said. 

Bill Nikolouzakis, Nyko founder and managing director, will remain with Nyko as director of corporate partnerships. He said the acquisition provides Nyko with additional resources, exposure and technology to rapidly scale and enter new markets previously not available.

"The consolidation of both businesses will allow us to maximise the benefits and create greater value to our partners in a way not available to us otherwise," he said.