RealPage® to Acquire Buildium®
Summary
RealPage, Inc. (NASDAQ: RP) announced today that it has agreed to acquire Buildium LLC (www.Buildium.com ), a leading SaaS real estate property management solution provider. RealPage expects to combine its best-in-class capabilities with Buildium to target smaller multifamily, single-family, Associations (HOA and Condo) and commercial real estate market segments. This is in stark contrast to other competitors in the SMB space that are generally closed, limiting client choices for solutions that can integrate to their preferred property management platform.” "This is a fantastic time for us to join forces with RealPage. Our shared vision around innovation, simplicity and a commitment to stressing service to our clients will enable them to thrive and grow as well as deliver unmatched value for their investors, owners and residents alike. I would like to thank our board and Sumeru Equity Partners for their direction and support through this process.” The completion of the acquisition remains subject to certain standard closing conditions, including regulatory approval, which RealPage anticipates will be satisfied prior to December 31, 2019.
