Smart Apartment Management Company RealPage Acquires Startup Stratis IoT
Stratis IoT, a company based in Philadelphia, is a property management tech firm that is being acquired by the Proptech company, RealPage, who will now be entering the smart building management space. Stratis IoT can connect over 100 smart apartment devices and systems into one single app, making it easier for managing properties. This acquisition was finalized at an undisclosed amount. With the work Stratis IoT has been doing, this puts RealPage in a challenging environment to expand the road map of the products that are being developed.
Stratis IoT was launched back in 2013 and has come a long way in managing housing units across multiple geographical locations.
It connects various smart systems into a single app, with one user credential per resident.
RealPage has hinted that they will be unveiling a new connected building initiative which will work hand-in-hand with the Stratis solutions. They have also announced that they have plans to retain the entire staff and operations of Stratis IoT in Philadelphia as a wholly-owned subsidiary.
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