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RealPage Enters Smart Access Market with STRATIS IoT Deal
RealPage, headquartered in the Dallas suburb of Richardson, acquired STRATIS IoT, which connects smart apartment systems and devices into a single resident app. Terms weren’t disclosed.
The STRATIS app is used across more than 380,000 multifamily and student apartment units globally.
Steve Winn, CEO of RealPage, said, “STRATIS IoT positions RealPage to enter a burgeoning market for smart access control, smart home devices and revolutionary new bulk Wi-Fi networks. New breakthroughs in cost now make smart access control, smart home devices and high speed Wi-Fi 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 recognize more revenue through monetization of amenities and enables residents to enjoy easier living and working from the next generation of connected apartment buildings,” he continued.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition

