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The
Rainmaker Group Announces Sale of Multifamily
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Housing
Assets to RealPage, Inc.
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Atlanta,
GA – February 2017 / Newsmaker Alert / The
Rainmaker Group, a premier provider of profit optimization and revenue
intelligence solutions to the hospitality and gaming industries, announced
today that it has agreed to sell 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.
“This
is a win-win for both our LRO and hospitality customers,” said Tammy Farley,
president of the Rainmaker Group. “We’re obviously proud of our LRO successes
over the past decade and this combining of two powerhouse players presents
exciting opportunities and the ideal platform for our multifamily team
to execute in a much bigger way on a global scale.”
“Moreover,
this initiative will further strengthen our hospitality business on multiple
levels. Our team has literally man-centuries of experience serving hospitality
customers and now this expertise and corresponding thought leadership will
be 100% focused on continuing the impressive growth of our hospitality
and gaming business,” continued Farley.
Farley
and CEO Bruce Barfield established Rainmaker in 1998 as a two-person team
in Alpharetta, GA. In the 19 years since, the company has grown and evolved
to become a global corporation and leading technology-solution provider.
The company has made enormous progress growing its traditional hospitality
roster, recently adding marquee names such as Best Western and Two Roads
Hospitality. Further evidence of this momentum will be on display next
week, where a record number of hospitality company delegates will descend
on Rancho Palos Verdes, Calif., for OPTIMIZE2017,
the annual Rainmaker user conference. In just the last two years alone,
hospitality company registered attendees have doubled in size.
“The
sale of the LRO business also will allow our large and diverse hospitality
team to unleash its deep hospitality revenue expertise and set in motion
the next stage of our growth and evolution to advance our vision in hospitality
– a dynamic, vibrant industry in which we believe the best is yet to come.
It will also allow Bruce and me to fully focus our efforts on perfecting
our various hospitality and gaming profit optimization and revenue management
solutions,” Farley asserted.
Rainmaker’s
hospitality and gaming solutions include:
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guestrev:
revenue optimization for hotels and casinos
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grouprev:
revenue optimization for group business
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revcaster:
cost-effective hotel rate-shopping tools
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revintel:
revenue management business intelligence
RealPage
will be transitioning Rainmaker LRO’s data science, product development,
technology, operations, sales, marketing and customer support groups into
its own operations, in order to ensure continuity of operations and a seamless
transition for Rainmaker LRO’s client base when the transaction is finalized.
RealPage has also indicated that the newly acquired Rainmaker LRO business
will continue to operate out of Rainmaker’s headquarters facility in Alpharetta,
GA.
RealPage’s
acquisition of Rainmaker LRO is expected to close during the second quarter
of 2017.
For
more information on the Rainmaker Group and its profit optimization and
revenue management products for the hospitality and gaming industries,
please visit www.LetItRain.com.
About
Rainmaker
The
Rainmaker Group is the premier provider of revenue and profit optimization
solutions to the gaming/hospitality and multifamily housing industries.
Since its inception in 1998, the company has focused on delivering the
highest revenue returns possible for its clients, through the development
and cultivation of a proprietary suite of products and consulting services.
All Rainmaker solutions are designed
to streamline operational efficiencies, enhance revenue optimization processes,
improve lead performance and generate greater demand. 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 six consecutive years, and was named to the Atlanta Business
Chronicle’s List of the 100 Fastest Growing Companies in Atlanta. With
corporate headquarters in Alpharetta (Atlanta), Georgia, Rainmaker also
maintains offices in Las Vegas and Singapore. To learn more about Rainmaker
and its suite of profit- and demand-optimization solutions, please visit
www.LetItRain.com,
and follow Rainmaker on Facebook,
LinkedIn
and Twitter.
Media
Contact:
Andrea
Mane
Plan
A PR & Marketing, Inc.
407-905-0608 |
