M&A Deal Summary

RealPage Acquires The Rainmaker Group Ventures - Lease Rent Options

On February 27, 2017, RealPage acquired internet software and services company The Rainmaker Group Ventures - Lease Rent Options from The Rainmaker Group Ventures for 300M USD

Acquisition Highlights
  • This is RealPage’s 14th transaction in the Internet Software and Services sector.
  • This is RealPage’s largest (disclosed) transaction.
  • This is RealPage’s 19th transaction in the United States.
  • This is RealPage’s 2nd transaction in Georgia.

M&A Deal Summary
Date 2017-02-27
Target The Rainmaker Group Ventures - Lease Rent Options
Sector Internet Software and Services
Buyer(s) RealPage
Sellers(s) The Rainmaker Group Ventures
Deal Type Divestiture
Deal Value 300M USD

Target

The Rainmaker Group Ventures - Lease Rent Options

Alpharetta, Georgia, United States
The Rainmaker Group Ventures LLC - Lease Rent Options (LRO) is a revenue management solution that empowers optimized pricing for over 1.5 million apartments. LRO, coupled with the recent acquisition of Axiometrics, expands RealPage’s suite of solutions for precision data analytics and asset optimization for the rental housing industry.

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Buyer(S) 1

Buyer

RealPage

Richardson, Texas, United States

website

Category Company
Founded 1998
Sector Software
Employees7,400
Revenue 988M USD (2019)
DESCRIPTION

RealPage is a provider of comprehensive property management software solutions for the multifamily, commercial, single-family and vacation rental housing industries. RealPage was founded in 1998 and is based in Richardson, Texas.

DEAL STATS #
Overall 19 of 35
Sector (Internet Software and Services) 14 of 20
Type (Divestiture) 1 of 2
State (Georgia) 2 of 2
Country (United States) 19 of 34
Year (2017) 2 of 5
Size (of disclosed) 1 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-24 Axiometrics

Dallas, Texas, United States

Axiometrics, Inc. is a provider of surveys and researches properties in over 500 apartment markets and submarkets along with 680 colleges and universities nationwide to provide its clients with accurate, timely same-store market intelligence.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-19 American Utility Management

Lombard, Illinois, United States

American Utility Management, Inc. is a provider of utility and energy management solutions for the multifamily housing industry. American Utility Management was founded in 1994 and is based in Lombard, Illinois.

Buy -

Seller(S) 1

SELLER

The Rainmaker Group Ventures

Alpharetta, Georgia, United States

website

Category Company
Founded 1998
Sector Internet Software and Services
DESCRIPTION

The Rainmaker Group Ventures LLC is a provider of revenue management and profit optimization solutions to the multifamily housing and gaming/hospitality industries.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
State (Georgia) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-13 Rent Jungle

Pittsburgh, Pennsylvania, United States

Rent Jungle LLC is a multifamily Internet Listing Service (ILS) and technology company specializing in apartment listing data and business intelligence.

Buy -
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