RealPage to buy ClickPay

RealPage to buy ClickPay

Technology News

RealPage to buy ClickPay

RealPage to buy ClickPay

RealPage to buy ClickPay RealPage has reported consent to secure ClickPay, a far-reaching electronic installment stage adjusting 2.3M units over the multifamily, HOA, townhouse and center fragments of land.

The obtaining cost of $218.5M is made out of $76.3M in offers of RealPage basic stock and $142.2M in real money.

For the year finished Dec. 31, 2017, ClickPay had an income of over $22M with irrelevant Adjusted EBITDA commitment.

RealPage to buy ClickPay

RealPage gauges that ClickPay will contribute income of $23M for the rest of 2018, speaking to 2018 income development of ~45%. ClickPay is relied upon to be insignificant to RealPage's 2018 Adjusted EBITDA. In any case, the organization hopes to accomplish income and cost collaborations that will be accretive to its long-haul income development and Adjusted EBITDA edge extension goals.

Steve Winn, Chairman, and CEO of RealPage: "I trust ClickPay and our current securing of On-Site together open a noteworthy chance to draw in, change over and hold tenants for customers using property administration frameworks outside of the RealPage biological community."

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