Real estate data analytics and software provider RealPage has announced the acquisition of technology platform STRATIS IoT, which connects smart apartment systems and devices into a single resident app.
The Philadelphia-based company is one of the largest integrators of smart devices and systems for multifamily and student apartment buildings, with usage in approximately 380,000 units across the US, Japan, the UK, EU, and Latin America.
"STRATIS IoT positions RealPage to enter a burgeoning market for smart access control, smart home devices and revolutionary new bulk Wi-Fi networks," RealPage CEO Steve Winn said in a statement. "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."
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Dan Packel
Dan Packel is an editor on the Business of Law desk at ALM. He writes a weekly briefing for Law.com, "The Law Firm Disrupted," on change and innovation in the legal marketplace. He is based in Philadelphia. Contact him at [email protected]. On Twitter at @packeld
