RICHARDSON, Texas, (December 11, 2019) — RealPage, Inc. (NASDAQ:RP), a leading global provider of software and data analytics to the real estate industry, today announced that it has acquired Investor Management Services, LLC (“IMS”). IMS provides an Investor Relationship Management (IRM) platform with an investor dashboard, an investor portal to manage investor relations, and a comprehensive waterfall engine for distributions.
The combination of IMS with the RealPage AIM platform will service nearly 600 general partners supporting nearly 90,000 limited partners. Upon completion of the acquisition, RealPage plans to incorporate IMS into AIM and market a fully integrated asset & investment management platform (RealPage AIM) to drive improved return on investment by providing 360 degree data visualization, performance monitoring, benchmarking and valuations across the entire investment lifecycle.
RealPage expects to retain IMS employees, and operations will remain in Charlotte and Raleigh. The company expects to support the IMS client base for the foreseeable future.
Alan James, SVP Asset & Investment Management
“Our combined teams are expected to immediately integrate IMS with RealPage AIM. The addition of IMS, when combined with AIM’s Portfolio Investment Management, Asset Monitoring, Business Intelligence and Data Warehouse capabilities, creates a complete platform, supported by data administration services and valuation services to efficiently operate and manage the investment lifecycle. We look forward to working with the IMS team to provide new value to the institutional private and public capital markets while delighting clients with unparalleled experiences.”
RealPage provides a technology platform that enables real estate owners and managers to change how people experience and use rental space. Clients use the platform to gain transparency in asset performance, leverage data insights and monetize space to create incremental yields. Founded in 1998 and headquartered in Richardson, Texas, RealPage currently serves 16.8 million units worldwide from offices in North America, Europe and Asia. For more information about RealPage, please visit https://www.RealPage.com.
About Investor Management Services
Investor Management Services (IMS) is among the first investor experience platforms for commercial real estate firms to engage investors and manage assets. The web-based IMS Platform provides automated Waterfall Distribution Processing, Investor Dashboards, CRM, Document Sharing and Investor Statements. For more information about Investor Management Services, visit https://www.investormanagementservices.com. Software Equity Group was IMS’s exclusive advisor on the transaction.