IMC Newsdesk

RealPage acquires Stratis IoT

  • September 3, 2020
  • Steve Rogerson

Texas-based RealPage, a provider of software and data analytics to the real estate industry, has acquired Stratis IoT, which connects smart apartment systems and devices into a single, easy-to-use resident app.

Building devices work in harmony because Philadelphia-based Stratis IoT has integrated more than 100 of the largest providers of smart apartment devices and systems with one user sign-on, one user experience, and one resident app.

“Stratis IoT positions RealPage to enter a burgeoning market for smart access control, smart home devices and revolutionary new bulk wifi networks,” said Steve Winn, CEO of RealPage. “New breakthroughs in cost now make smart access control, smart home devices and high speed wifi affordable for existing apartments. What Stratis IoT does is connect all of these smart systems into a single, seamless resident app with one user credential for each resident, which enables owners to recognise more revenue through monetisation of amenities and enables residents to enjoy easier living and working from the next generation of connected apartment buildings.”

Stratis IoT is among the largest and broadest integrators of smart devices and systems for multifamily and student apartment buildings, enabling a resident experience in over 380,000 units across the USA, Japan, UK, EU and Latin America.

“If ever there was a time for bold action to positively impact our industry, that time is now,” said Felicite Moorman, CEO of Stratis IoT. “Holistic building-wide access and utility management and control are integral to building optimisation and the resident experience, which have become increasingly intertwined. RealPage and Stratis IoT combine two industry-leading, best-in-class platforms to create a powerhouse of control and single-app resident experience for multifamily, student housing and beyond.”

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 monetise space to create incremental yields. Founded in 1998 and headquartered in Richardson, Texas, RealPage serves approximately 19 million units worldwide from offices in North America, Europe and Asia.