CARROLLTON, Texas (February 16, 2010) — RealPage, Inc., a leading provider of on-demand software and software-enabled services to the rental housing industry, today announced the acquisition of Domin-8 Enterprise Solutions, enabling RealPage to reach more customers and broaden its offering to small and medium-sized property management firms and affordable housing owners and managers. The move will enable Domin-8 to vastly expand the breadth of products it makes available to property management customers, many of whom manage diversified portfolios that include commercial properties, single-family homes, condominiums, town homes, duplexes, HOAs and centrally-managed apartment buildings.
"Domin-8 has several very popular software packages, including TenantPro, Spectra, i-CAM and Management Plus," said Steve Winn, CEO of RealPage. "We share a common vision with Domin-8 of providing customers with a full suite of online services. Virtually all of RealPage on-demand services, including resident screening, renter's insurance, eProcurement, group purchasing, contact center and resident utility billing will be integrated into core Domin-8 software platforms over the next six to 12 months. This dramatically accelerates what Domin-8 had planned to do for its customers."
The current management and employees will continue to manage Domin-8 products, with access to RealPage resources to support their continued growth. Specifically, Tom Thistleton, the CEO of Domin-8, will become SVP and general manager of SMB Solutions, responsible for both Propertyware and Tenant Pro, reporting to Sina Shekou, president SMB Solutions. RealPage will integrate its family of value-added services with Tenant Pro for those clients who prefer on-premise software, and provide a seamless migration path for Tenant Pro clients to migrate to the on-demand platform offered by Propertyware, if they prefer. RealPage also plans to move quickly to make the Domin-8 data center SAS 70 and PCI compliant, and will leverage the RealPage cloud computing Infrastructure as a Service (IaaS) in Dallas.
Please read the entire press release at http://www.realpage.com/company/news/press_releases.asp?id=146
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