RealPage
| Type | Private |
|---|---|
| Nasdaq: RP | |
| Industry | Software |
| Headquarters | Richardson, Texas |
| Owner | Thoma Bravo |
| Website | https://www.realpage.com/ |
RealPage is an American multinational corporation that provides property management software for the multifamily, commercial, single-family and vacation rental housing industries. Dana Jones is Chairman of the Board & Chief Executive Officer.[1]
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] The acquisition completed in April 2021.[10]
References[]
- ^ Reuters
- ^ "Rent Roll, Inc. and RealPage Communications, Inc. Merge. Three years later, they released their first on-demand property management product and since then, expanded the on-demand software solutions to include a number of value-added services from property management to renter's insurance and more. - Free Online Library". Thefreelibrary.com. Retrieved 2016-02-24.
- ^ "RealPage continues expanding, agrees to buy On-Site for $250 million - Acquiring leasing and marketing platform for rental properties". www.housingwire.com. August 2, 2017. Retrieved 2018-06-28.
- ^ "BRIEF-Realpage To Acquire Clickpay For $218.5 Mln". www.reuters.com. April 20, 2018. Retrieved 2018-06-28.
- ^ "RealPage makes another purchase – and this time it's a Texas technology firm". realpage.com. Retrieved 2019-07-29.
- ^ "RealPage to Acquire Buildium". realpage.com. Retrieved 2020-07-07.
- ^ "RealPage to Acquire Modern Message". finance.yahoo.com. Retrieved 2020-02-06.
- ^ "RealPage acquires real estate IoT startup Stratis". techcrunch.com. Retrieved 2020-09-03.
- ^ Lombardo, Miriam Gottfried and Cara (2020-12-21). "WSJ News Exclusive | Thoma Bravo Agrees to Buy RealPage for $9.6 Billion". Wall Street Journal. ISSN 0099-9660. Retrieved 2020-12-22.
- ^ "Thoma Bravo Completes Acquisition of RealPage" (Press release). Business Wire. April 22, 2021.
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- 1998 establishments in Texas
- 2021 mergers and acquisitions
- Business software companies
- Property management companies
- Software companies based in Texas
- Companies based in Richardson, Texas
- Companies formerly listed on the Nasdaq
- Software companies established in 1998
- Software companies of the United States
- American companies established in 1998
- Private equity portfolio companies
- United States software company stubs