Ballard Spahr Advises STRATIS IoT in Sale to RealPage
A team of Ballard Spahr lawyers advised STRATIS IoT—which connects smart apartment systems and devices into a single, easy-to-use resident app—on its sale to RealPage, Inc. (NASDAQ: RP), a leading global provider of software and data analytics to the real estate industry.
With STRATIS IoT, building devices work in harmony because the company has integrated more than 100 of the largest providers of smart apartment devices and systems with one user sign-on, one user experience, and one resident app. STRATIS IoT is among the largest and broadest integrators of smart devices and systems for multifamily and student apartment buildings, enabling a world-class resident experience in more than 380,000 units across the U.S., Japan, the UK, EU, and Latin America.
RealPage plans to retain STRATIS IoT’s employees and operations in Philadelphia as a wholly owned subsidiary.
The deal team was led by Partner Gregory L. Seltzer and included Partners Brian M. Pinheiro and Jonathan R. Flora, and Associates Kimberly W. Klayman, Paul Holmer, Jessica Laderman, and Jessica DuBois.