RealPage Buys WhiteSky Communications

RealPage

RealPage, Inc. (NASDAQ: RP), a Richardson, TX-based provider of software and data analytics to the real estate industry, acquired WhiteSky Communications, LLC, which provides managed communications services, enabling multifamily, student and other properties to provide managed bulk Internet, video, voice-over-internet protocol (VOIP) phone, and Wi-Fi services.

The amount of the deal was not disclosed.

The acquisition positions RealPage to enter the market for multifamily property bulk Wi-Fi services as a key player. WhiteSky services will be included into CommunityConnectâ„¢, RealPage’s one-stop-shop for smart buildings, smart access, and purpose-built managed smart Wi-Fi, all controlled from a single resident App.

Established in 2005 by Cory White, WhiteSky Communications is a communications company which offers voice-over-internet protocol (VOIP), video, and Internet services for MDU housing developments and businesses across the nation. At the end of 2020, WhiteSky served hundreds of properties totaling 48,000 units and 150,000 beds.

Founded in 1998 and led by Steve Winn, CEO, RealPage provides a technology platform that enables real estate owners and managers to gain transparency into asset performance, leverage data insights and monetize space to create incremental yields. The company currently serves over 19 million units worldwide from offices in North America, Europe, and Asia.

FinSMEs

04/01/2020