Announced
Completed
Financials
Sources
Tags
Private
Friendly
United States
Auto Technology
Private Equity
Single Bidder
Majority
Completed
smart home devices
Acquisition
Synopsis
Vista-backed PayLease, a PropTech provider for the property management and Homeowner Association (HOA) industry, completed the acquisition of Zego, the hub for smarter apartment living. Financial terms were not disclosed. "We recognize that our clients are in need of platform-agnostic, resident-centric technologies that drive increased resident satisfaction and improve operational efficiency. We look forward to providing additional value to management companies by offering a fully-featured, best-in-class engagement platform that will allow them to increase resident satisfaction and retention, improve resident communications, automate inefficient processes, and reduce vacant unit costs," Dirk Wakeham, PayLease CEO.
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