ResMan, a Plano, Texas-based provider of property management software in the multifamily market, secured a $36m investment from Mainsail Partners.
Following this deal, The Wasatch Venture Group will remain a strategic investor in the business.
The company will use the capital to accelerate development of its products and invest in its customer service organization.
Led by Dave McKenna, CEO, ResMan provides a software platform providing automation tools to improve operational effectiveness and productivity for Conventional and Affordable Housing Property Management. Additionally, ResMan integrates with more than 100 ancillary property management software vendors.