RealPage continues growth with the purchase of Buildium

RealPage has agreed to purchase Buildium, a property management system, to continue its expansion.

Richardson-based RealPage is growing again with the purchase of a Boston firm.

RealPage plans to pay $580 million in cash for Buildium, a real estate property management systems firm.

Buildium’s accounting, business operations, leasing and benefits services are used by 17,000 customers in more than 50 countries. The company has about 2 million residential units under management.

Many of Buildium’s clients are smaller firms.

“The small and medium-size business market segment represents a tremendous growth opportunity for RealPage. This is an area where technology is underutilized, and currently served by myriad point products.

“Buildium in concert with RealPage enables us to reach deeper into that market, with a best-in-class platform backed by data science.”

— Steve Winn, CEO and Chairman of RealPage

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