Quick Take
RealPage (RP) announced it has agreed to acquire Buildium for $580 million.
Buildium operates as a Software as a Service [SaaS] property management solutions provider.
With the deal, RP gains a solid self-serve offering for the SMB market and one that is growing at 30% per year.
Target Company
Boston, Massachusetts-based Buildium was founded in 2004 to develop and provide cloud-based property management software solutions.
Management is headed by CEO Chris Litster, who has been with the firm since 2017 and is also currently a Board Member at MITX and