RealPage

RealPage is an American multinational corporation that provides property management software for the multifamily, commercial, single-family and vacation rental housing industries. Steve Winn is Chairman of the Board & Chief Executive Officer.[1]

RealPage
NASDAQ: RP
Russell 1000 Index component
IndustrySoftware
HeadquartersRichardson, Texas
Websitehttps://www.realpage.com/

History

RealPage was founded in 1998 with the acquisition of Rent Roll, Inc.,[2] a provider of on-premises property management systems for the conventional and affordable multifamily rental housing markets.

RealPage moved its corporate headquarters to Richardson, Texas in 2016, and in 2017 acquired four companies - apartment market data provider Axiometrics, utility and energy management company American Utility Management, revenue management and pricing provider Lease Rent Options and also On-Site, a leasing and marketing platform company.[3]

In 2018, RealPage announced an agreement to purchase electronic payment platform company ClickPay, located in Hackensack, New Jersey.[4]

July 2019, RealPage acquired utility management company SimpleBills.[5]

December 2019, RealPage acquired Buildium.[6]

In January 2020, RealPage has agreed to acquire Modern Message, Inc.[7]

In September 2020, RealPage acquired real estate loT startup Stratis[8]

In December 2020, private-equity firm Thoma Bravo announced it would acquire RealPage for $9.6 billion, paying $88.75 per share for the company, a premium of 31% for their closing prices at the time. Its shares were reported up 26% that year.[9]

References

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