Vista Equity-backed StarRez to acquire RMS.

Vista Equity-backed StarRez, a developer of a cloud-based housing accommodation automation and property management platform, agreed to acquire Residential Management Systems, a developer of the mercury residential housing platform. Financial terms were not disclosed. “When I founded RMS in 1994, my aim was to revolutionize the university and college software landscape with the combination of power, flexibility, and ease of use. By combining forces with StarRez, I believe we are best positioned to deliver increasing value and outstanding customer experience to our higher education community for years to come,” Graham Banister, RMS CEO.