Sumeru Equity Partners Completes Sale of Buildium to RealPage
Summary
SAN MATEO, Calif.--(BUSINESS WIRE)--Sumeru Equity Partners (SEP), a growth-focused technology investment firm, today announced the completion of the sale of Buildium to RealPage Inc. (Nasdaq: RP), consistent with the terms of the agreement reached by the parties in November. The sale of Buildium, a leading SaaS real estate property management solution provider, marks the fifth sale this year of an enterprise software company from Sumeru’s portfolio, including two in December. Founded in 2004, Buildium services over 17,000 customers in more than 50 countries, totaling approximately 2 million residential units under management. The firm employs a growth-oriented partnership model with technology companies and typically invests $25-200 million per transaction. Sumeru Equity Partners utilizes extensive operating and investment experience in partnership with management teams to drive company growth and build strategic value.
