Richardson-based RealPage is continuous its shopping for spree – this time buying a North Carolina-based actual property tech agency.
Investor Administration Providers supplies internet primarily based analytical and tech companies for greater than 50,000 property traders in 92 nations.
By combining its operations, RealPage expects to supply companies to 1000’s of actual property funding companions.
“Our mixed groups are anticipated to instantly combine IMS with RealPage AIM,” RealPage senior vice chairman Alan James mentioned in a press release. “We sit up for working with the IMS staff to supply new worth to the institutional personal and public capital markets whereas delighting shoppers with unparalleled experiences.”
In March, Investor Administration Providers opened a brand new headquarters in Charlotte. The corporate was began in 2014 and likewise has an workplace in Raleigh.
RealPage mentioned it plans to maintain the operations and workers in North Carolina.
Phrases of the Investor Administration Providers acquisition weren’t disclosed.
In early November, RealPage paid $580 million for Buildium, a Boston-based actual property property administration methods agency.
In enterprise since 1998, RealPage at the moment supplies companies to 16.eight million residences and rental models worldwide.
The corporate has grown dramatically with a sequence of purchases over the past couple of years. In 2018, RealPage spent nearly $400 million on mergers.