Add-on Acquisition • Software

Rentec Direct Acquires TrueRent

On March 2, 2022, Rentec Direct acquired software company TrueRent

Acquisition Context

This is Rentec Direct’s 1st transaction in the Software sector.
This is Rentec Direct’s 1st transaction in the United States.
This is Rentec Direct’s 1st transaction in California.

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M&A Deal Summary
Date	March 2, 2022
Target	TrueRent
Sector	Software
Buyer(s)	Rentec Direct
Deal Type	Add-on Acquisition

Target Company

TrueRent

Redwood City, California, United States

TrueRent offers a unique property management software system targeted to help small to mid-sized property owners streamline their business. TrueRent offers online rent collection, integrated tenant screening, work orders, property analytics, and more. TrueRent is based in Redwood City, California.

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Buyer Overview 1

Buyer

Rentec Direct

Grants Pass, Oregon, United States

Category	Company
Founded	2007
Sector	Software

DESCRIPTION

Rentec Direct is a provider of property management software and tenant screening solution for real estate professionals. Features include online rent payments, tenant and owner portals, the industry’s largest vacancy listing syndication network, full property, tenant, and owner accounting, 1099-MISC reporting, and more. Rentec Direct was founded in 2007 and is based in Grants Pass, Oregon.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Software	1 of 1
Type: Add-on Acquisition	1 of 1
State: California	1 of 1
Country: United States	1 of 1
Year: 2022	1 of 1

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