M&A Deal Summary

RealPage Acquires Buildium

On November 6, 2019, RealPage acquired internet software and services company Buildium from Sumeru Equity Partners

Acquisition Highlights
  • This is RealPage’s 19th transaction in the Internet Software and Services sector.
  • This is RealPage’s 27th transaction in the United States.
  • This is RealPage’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2019-11-06
Target Buildium
Sector Internet Software and Services
Buyer(s) RealPage
Sellers(s) Sumeru Equity Partners
Deal Type Add-on Acquisition

Target

Buildium

Boston, Massachusetts, United States
Buildium LLC is provider of property management solution that automates the entire property management lifecycle as well as enabling real estate professionals to win new business from property owners and community associations. Buildium LLC was founded in 2004 and is based in Boston, Massachusetts.

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Buyer(S) 1

Buyer

RealPage

Richardson, Texas, United States

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 28 of 37
Sector: Internet Software and Services M&A 19 of 21
Type: Add-on Acquisition M&A Deals 26 of 35
State: Massachusetts M&A 1 of 1
Country: United States M&A 27 of 36
Year: 2019 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-29 Simple Bills

Waco, Texas, United States

Simple Bills Corp. is a complete utility management company that helps property management companies and owners conserve resources and realize efficiencies with data-based decisions. Founded in 2008 with headquarters in Waco, Texas, Simple Bills serves clients in over 170 markets in 43 states across the U.S.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-11 Investor Management Services

Charlotte, North Carolina, United States

Investor Management Services LLC provides an Investor Relationship Management (IRM) platform with an investor dashboard, an investor portal to manage investor relations, and a comprehensive waterfall engine for distributions. Investor Management Services LLC was founded in 2015 and is based in Charlotte, North Carolina.

Buy -

Seller(S) 1

DESCRIPTION

Sumeru Equity Partners, Inc. is a technology-focused private equity firm that makes investments in mid-market software, technology enabled services, and hardware companies with a focus on growth. Sumeru Equity Partners typically invests between $50 and $250 million in companies with revenues greater than $10 million. Sumeru Equity Partners was formed in 2014 and is based in Foster City, California.


DEAL STATS #
Overall 4 of 12
Sector: Internet Software and Services M&A 2 of 5
Type: Add-on Acquisition M&A Deals 1 of 7
State: Massachusetts M&A 1 of 1
Country: United States M&A 4 of 9
Year: 2019 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-17 Criteria

West Hollywood, California, United States

Criteria is a provider of web-based pre-employment testing that allows companies to implement a state-of-the-art employee testing program quickly and cost-effectively, without needing to spend money on costly consulting services. Criteria was founded in 2006 and is based in West Hollywood, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-19 MDSL

Tunbridge Wells, United Kingdom

Market Data Services Ltd. is a provider of expense management software and solutions for communications, mobility and market data spend. Market Data Services was founded in 1995 and is based in Tunbridge Wells, United Kingdom.

Sell -