Announced
Financials
Sources
Tags
Domestic
Private
United States
Private Equity
Real Estate Services
Acquisition
Majority
Single Bidder
Pending
residential property management
Friendly
Synopsis
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.
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