Rainmaker to Sell Its LRO Multifamily Housing Business and Product Portfolio to RealPage Inc.
The Rainmaker Group (Rainmaker), a provider of cloud-based hospitality revenue and profit optimization software, announced that it received antitrust clearance from the U.S. Department of Justice to transition its Rainmaker LRO multifamily housing business and product portfolio to RealPage, Inc., a Richardson, Texas-based global provider of software and data analytics to the real estate industry. The company anticipates the transaction closing will take place by the end of 2017.
On February 28, 2017, Rainmaker announced the sale of its multifamily housing assets to RealPage, Inc. Completion of the sale allows Rainmaker to focus exclusively on growth and innovation for its hospitality customers.
Rainmaker’s revenue and profit optimization product suite includes:
• guestrev®, an intuitive and easy-to-use revenue management solution that analyzes total guest value across a hotel or casino property to forecast and price rooms;
• grouprev® an innovative group pricing solution that streamlines the process of responding to group RFPs by analyzing historical data, future demand, and price sensitivity to recommend the best pricing for group business;
• revcaster®, a powerful rate shopping tool that gives hoteliers access to real-time actionable market data, so that rates can be set against the competitive landscape; and
• revintel®, an intuitive business intelligence solution that improves day-to-day revenue management by mining various data sets and providing deep insights at a granular level.