Behind RealPage’s Acquisition Of Axiometrics

Richardson, Texas-based software provider RealPage has acquired Addison, Texas-based Axiometrics for $75M in cash. RealPage also entered into a long-term relationship with RCA, the multifamily sales transaction data platform. RealPage will combine Axiometrics' multifamily data with its own MPF Research and RCA as part of a strategy to emphasize data and analytics.

“Axiometrics will also play a key role and is expected to contribute to the company’s 2020 goal of $1B in revenue,” RealPage chief economist Greg Willett said. The deal will close next month and the acquisition will be fully integrated by early 2018.

Axiometrics had revenue of $14M in 2016, a 27% growth rate compared to 2015.

In December, Axiometrics transitioned its top executives. Founder Ron Johnsey became chairman of the board and CEO, while Keith Walters was named president and chief operating officer. The growing organization saw a 46% year-over-year booking increase in 2016. 

As of now, no personnel changes will be made to Axiometrics. Clients of RealPage/MPF and Axiometrics will continue to receive data from their respective analytics platform.

“Axiometrics' data assets combined with the RealPage’s data assets and analytics capabilities would create a dominant platform in rental housing,” Willett said.

Continue reading this story with a free account

Log in or register
Related Topics: Axiometrics , MPF Research , RCA , Realpage , Ron Johnsey
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

Texas Flips Blue, Putting Data Center Boom On Notice

Democrats Win Congress As America's Data Center Backlash Hits The Ballot Box

U.S. Hotel RevPAR Surges 7% In Q3, But Expect Easing From Here

Piedmont Realty Exiting Houston Market With Office Dispositions

Stock Sell-Off, Bond Market Jitters Signal Financing Trouble For AI Data Centers

Suburban D.C. County Weighs Microhousing As Affordability Salve

Fannie Mae, Freddie Mac Rewrite Underwriting Standards For NYC's Rent Freeze

Starwood Launches Residential Land JV Targeting $1B In Annual Originations

RealPage Antitrust Case Ends With Nearly $360M In Settlements For Renters

ZOM Living Entity Files For Bankruptcy To Fund Fight To Overturn $323M Judgment

How Colliers Engineering Helped A Struggling Dam Move To The Head Of The Class

Golden Apartment Building Sells For $62M To Chicago Company