RICHARDSON, Texas--(BUSINESS WIRE)-- RealPage, Inc. (RP) (NASDAQ:RP), a software company dedicated to changing how people experience, utilize and monetize rental space, announced that it has acquired the assets of Simple Bills Corporation, an innovative utility management service dedicated to the student housing market. SimpleBills currently provides utility services to over 125,000 students in the U.S.
SimpleBills’ unique solution vastly simplifies utility management for both properties and students. The company bills and collects from residents directly, offering significant time savings to properties. Site staff can avoid tedious billing tasks to focus on other operations. Students receive only their portion of the utility bill, allowing them to split water, electric, gas, cable bills and other shared utilities among roommates. Additionally, they can manage their utilities easily without paying deposits and utility provider setup fees or contacting providers.
RealPage Utility Management (RUM) will add SimpleBills’ services to its current family of products. Because SimpleBills has a direct relationship with the student, RealPage will be able to deploy it independently of any student solutions companies already use, saving the time and expense of integration. Companies will then be able to outsource utility billing in the same way current RealPage clients outsource their affordable housing and vendor compliance, accounting, and IT operations to RealPage.
SimpleBills’ solution is also platform-agnostic, which will enable RealPage to serve SimpleBills clients who operate in other markets such as Multifamily, Single Family, HOA and Senior Living.
Jason Lindwall, SVP, RealPage Spend Management:
“The acquisition of SimpleBills is a mark of our commitment to providing complete energy management solutions to our clients. It is also a pivotal, winning moment. We’re adding game-changing power to our Student offerings, giving our clients the ability to fully outsource their utility needs. There is so much excitement around SimpleBills’ capabilities.”
Colin Heller, CEO and Founder, SimpleBills:
“This is a thrilling opportunity for SimpleBIlls. We built our company to redefine how utilities are managed so properties and students could experience utilities the way they should be. With the unmatched support and development resources available at RealPage, we will be able to provide even more state-of-the-art simplicity and outstanding customer experiences in student and in entirely new markets.”
For more information about SimpleBills, please go to https://www.realpage.com/student/simplebills/
About RealPage
RealPage is a leading global provider of software and data analytics to the real estate industry. Clients use its platform to improve operating performance and increase capital returns. Founded in 1998 and headquartered in Richardson, Texas, RealPage currently serves over 12,100 clients worldwide from offices in North America, Europe and Asia. For more information about RealPage, please visit https://www.realpage.com.
About SimpleBills
SimpleBills is a complete utility management company that helps property management companies and owners conserve resources and realize efficiencies with data-based decisions. Founded in 2008 with headquarters in Waco, Texas, the company serves clients in over 170 markets in 43 states across the U.S. For more information about SimpleBills, visit https://www.simplebills.com.
