RealPage, Inc.’s Acquisition Of STRATIS IoT


Ballard Spahr LLP advised STRATIS IoT on the deal.

STRATIS IoT—which connects smart apartment systems and devices into a single, easy-to-use resident app—announced its sale to RealPage, Inc. (NASDAQ: RP), a leading global provider of software and data analytics to the real estate industry.

With STRATIS IoT, building devices work in harmony because the company 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 is among the largest and broadest integrators of smart devices and systems for multifamily and student apartment buildings, enabling a world-class resident experience in more than 380,000 units across the U.S., Japan, the UK, EU, and Latin America.

RealPage plans to retain STRATIS IoT’s employees and operations in Philadelphia as a wholly owned subsidiary.

The deal team was led by Partner Gregory L. Seltzer (Picture) and included Partners Brian M. Pinheiro and Jonathan R. Flora, and Associates Kimberly W. Klayman, Paul Holmer, Jessica Laderman, and Jessica DuBois.

Involved fees earner: Jessica DuBois – Ballard Spahr Stillman & Friedman LLP; Jonathan Flora – Ballard Spahr Stillman & Friedman LLP; Paul Holmer – Ballard Spahr Stillman & Friedman LLP; Kimberly Klayman – Ballard Spahr Stillman & Friedman LLP; Jessica Laderman – Ballard Spahr Stillman & Friedman LLP; Brian Pinheiro – Ballard Spahr Stillman & Friedman LLP; Gregory Seltzer – Ballard Spahr Stillman & Friedman LLP;

Law Firms: Ballard Spahr Stillman & Friedman LLP;

Clients: STRATIS IoT;

Author: Ambrogio Visconti