Add-on Acquisition • Software

RealPage Acquires PEX Software

On October 23, 2017, RealPage acquired software company PEX Software

Acquisition Context
  • This is RealPage’s 3rd transaction in the Software sector.
  • This is RealPage’s 1st transaction in the United Kingdom.

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M&A Deal Summary

Date October 23, 2017
Target PEX Software
Sector Software
Buyer(s) RealPage
Deal Type Add-on Acquisition

Target Company

PEX Software

London, United Kingdom
PEX Software Ltd. is a provider of property management, online leasing and resident software solutions. The platform serves market-leading clients in the United Kingdom, European Union and Australia that manage private rental sector (PRS) and student rental housing properties.
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Buyer Overview 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 Context for Buyer #
Overall 22 of 37
Sector: Software 3 of 4
Type: Add-on Acquisition 21 of 35
Country: United Kingdom 1 of 1
Year: 2017 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-02 On-Site Manager

Campbell, California, United States

On-Site Manager, Inc. is a provider of an end-to-end platform that facilitates community marketing, renter qualification, lease contract generation with e-signatures and online document storage.

Buy $250M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-20 ClickPay

New York, United States

ClickPay is a platform for automating real estate receivables, ClickPay accepts most payment methods, including checks, e-checks (ACH), credit and debit cards.

Buy $219M