Photo of Steve Winn of RealPage Winn: “We expect to create the largest and most accurate database of utility consumption and cost data in the industry.”

RICHARDSON, TX—RealPage Inc. is expanding its Resident Utility Management platform with the acquisition of American Utility Management, which provides utility and energy management solutions to the multifamily sector, for approximately $70 million. The RUM platform currently provides billing, invoice processing and bill payment services to over 2.5 million rental units.