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Rainmaker
Announces Antitrust Clearance from
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U.S.
Department of Justice, Clearing the Way for
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Completion
of Multifamily Assets Sale
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Company expects
the transaction to close in December
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Alpharetta,
GA – November 2017 / Newsmaker Alert / The
Rainmaker Group (Rainmaker), a leading provider of cloud-based hospitality
revenue and profit optimization software, announces that it has 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 further
strengthen its position as the leading provider of revenue management solutions
for the hospitality and gaming industry.
“We
are pleased to have reached this milestone and wish our multifamily team
the very best,” said Tammy Farley, president of The Rainmaker Group. “Our
multifamily customers will benefit from RealPage’s strong software platform
and data analytics in the multifamily market. Rainmaker will now focus
exclusively on growth and innovation for its hospitality customers. The
transition is an absolute win-win.”
Rainmaker’s
revenue and profit optimization product suite includes:
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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;
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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;
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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
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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.
“This
transaction underscores Rainmaker’s longstanding commitment to its hospitality
customers,” concluded Farley. “The sale will allow us to focus all of our
energy and resources on developing the most powerful and flexible revenue
and profit optimization solutions in the industry.”
About
Rainmaker
Rainmaker
is the hotel revenue and profit optimization cloud. The company partners
with hotels, resorts and casinos to help them outperform their revenue
and profit objectives. Rainmaker’s cloud-based solutions for transient
and group pricing optimization, forecasting, and revenue-centric business
intelligence are designed to help hoteliers streamline operations, enhance
revenue optimization processes, improve lead performance, and drive guest
bookings. Recognized as one of the top privately held companies in the
United States, Rainmaker has been named to Inc. 5000’s ‘Fastest Growing
Privately Held Companies’ for the last seven years and to the Atlanta
Business Chronicle’s list of ‘100 Fastest Growing Companies in Atlanta’.
Rainmaker serves hospitality customers throughout the world from its corporate
headquarters in Alpharetta, Ga. and from offices in Las Vegas, Portland,
Ore., and Singapore. To learn more about Rainmaker and its suite of hotel
revenue and profit optimization solutions, visit
www.LetItRain.com.
Contact:
Melissa
Andrews
The
Rainmaker Group
407-342-7829
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