Expands Asset & Investment Management Solution
RICHARDSON, Texas, (June 12, 2019) – RealPage, Inc. (NASDAQ:RP), a leading global provider of software and data analytics to the real estate industry, today announced that it has agreed to acquire substantially all of the assets of CRE Global Enterprises, LLC, a holding company for Hipercept. Hipercept provides data services and data analytic solutions to institutional real estate owners with over $500 billion in assets under management operating in the US, Asia, Canada and Europe, addressing the incredibly complex problem of aggregating, reporting and benchmarking real estate across multiple asset classes, property management platforms and external data sources. Clients include major banks, pension funds, insurance companies and asset management firms. Hipercept supports these clients with offices in New York, Boston, Medellín and London.
In addition, Hipercept offers both a cloud-based commercial and multifamily real estate valuation cash flow forecasting product called FUEL (www.fuelcre.com), and an extensive data warehouse, data governance and analytics platform called Foundation.
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