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ZPG Ltd is a British company, owned by Silver Lake Partners. ZPG focuses on providing users with access to information such as sold house prices, area trends & statistics and current value estimates for domestic properties in the UK. Its brands include the property website Zoopla, price comparison service Uswitch, finance comparison website Money.co.uk, PrimeLocation and Hometrack. ZPG PLC was listed on the London Stock Exchange until it was acquired by Silver Lake Partners in July 2018.
|Zoopla Property Group|
|Industry||Internet, real estate|
Number of locations
|Mike Evans, Chairman|
Alex Chesterman, CEO
|Services||Property and Comparison search websites|
|Revenue||£244.5 million (2017)|
|£53.7 million (2017)|
|£37.4 million (2017)|
|Owner||Silver Lake Partners (since 2018)|
|Parent||Silver Lake Partners|
The company was founded as Zoopla in 2007 and the Zoopla website was launched in January 2008 by Alex Chesterman, who also founded ScreenSelect (later LoveFilm) and Simon Kain, LoveFilm CTO. It was backed by Accomplice, Octopus Ventures and other investors. In July 2009, Zoopla acquired property website Thinkproperty.com from the Guardian Media Group. In August 2009, Zoopla acquired the PropertyFinders Group, consisting of the websites Propertyfinders.com, Hotproperty.co.uk and UK Property Shop, with combined annual revenues of £7M, from prior owners the REA Group and News International for an undisclosed sum. In January 2011 Zoopla acquired historic database of UK house prices HousePrices.co.uk.
In October 2011 Zoopla and Digital Property Group, the subsidiary of A&N Media, which operates property websites Primelocation.com, Globrix.com and FindaProperty.com, merged their respective businesses and in May 2012, Zoopla acquired property information website UpMyStreet.com. In June 2012 it formed Zoopla Property Group Ltd. In December 2012, Zoopla acquired property information website Globrix.com. In Spring 2013, Stephen Morana, formerly of Betfair Group Plc, was appointed new Chief Financial Officer (CFO). Zoopla's biggest shareholder, the Daily Mail and General Trust floated Zoopla on the London Stock Exchange in June 2014.
In June 2015, Zoopla bought the price comparison website Uswitch. In July 2016 it was revealed that Zoopla's CEO was one of the businessmen behind one of the legal challenges to the EU referendum result. In February 2017 the company changed its name to ZPG plc. In September 2017, Zoopla purchased the financial services comparison website Money.co.uk for £140 million.
ZPG owns a searchable directory of UK residential properties using various sources like the Royal Mail's postcode database, the HM Land Registry's data on property transactions in England and Wales, Google maps, and other data sources. Based on this data, Zoopla has developed an automated valuation model or algorithm that provides a computed valuation estimate for any property in the UK. Zoopla also allows users to claim their home or set a TemptMe price, similar to US website Zillow. Its analogue for valuing the Internet properties is DNPric.es. The accuracy of Zoopla's computed valuations is disputed.
ZPG has sponsored West Bromwich Albion Football Club since 2012. In January 2014, founder Alex Chesterman, who is Jewish, decided to remove support of the club after an allegedly anti-Semitic gesture from player Nicolas Anelka made headlines.
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