RealPage to acquire STRATIS IoT.

RealPage, a global provider of software and data analytics to the real estate industry, agreed to acquire STRATIS IoT, one of the largest and broadest integrators of smart devices. Financial terms were not disclosed. "STRATIS IoT positions RealPage to enter a burgeoning market for smart access control, smart home devices and revolutionary new bulk Wi-Fi networks. New breakthroughs in cost now make smart access control, smart home devices and high speed Wi-Fi affordable for existing apartments. What STRATIS IoT does is connect all of these smart systems into a single, seamless resident app with one user credential for each resident, which enables owners to recognize more revenue through monetization of amenities and enables residents to enjoy easier living and working from the next generation of connected apartment buildings," Steve Winn, RealPage CEO.