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The
Rainmaker Group Closes Sale of Multifamily Housing Assets
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Company to
focus exclusively on continued growth of its hospitality business
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Alpharetta,
GA – December 2017 / Newsmaker Alert / The
Rainmaker Group (Rainmaker), a leading provider of cloud-based hospitality
revenue and profit optimization software, announces the closing of its
sale of Rainmaker LRO multifamily housing business and product portfolio
to RealPage, Inc., a Texas-based provider of software and data analytics
to the real estate industry. The sale allows Rainmaker to strengthen its
position as the leading provider of revenue management solutions for the
hospitality and gaming industry.
“We
have partnered with the hospitality community for more than 20 years, and
we look forward to continuing an excellent relationship with the hotel
and gaming market,” said Tammy
Farley, president of The Rainmaker Group. “Our focus now is exclusively
on growth and innovation for our hospitality customers. It is an exciting
time for our company as we begin this new chapter, and we wish the team
at RealPage every success.”
Rainmaker’s
groundbreaking 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.
Rainmaker
announced the sale of its multifamily housing assets to RealPage in February.
The asset purchase price was $300 million.
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 |
