#contactcenterworld, @knockcrm, @realpage
Richardson, TX, USA, Sept 30, 2022 -- RealPage, a global provider of software and data analytics to the real estate industry, announced that it has entered into a definitive agreement to acquire Knock(R) CRM (Knock), a provider of customer relationship management (CRM) and front office technology in the multifamily industry. This strategic acquisition combines Knock’s suite of products with RealPage’s expertise in AI, yield management and smart property management solutions.
Together, RealPage and Knock will create an operating platform to maximize net operating income (NOI) for the multifamily sector’s multi-trillion dollar asset class. The transaction is subject to customary closing conditions and is expected to close in the coming days. Financial terms were not disclosed.
"Acquiring Knock accelerates our strategy to deliver a next-generation front office platform that supports centralized leasing," said Dana Jones, CEO of RealPage. "Today's market conditions are driving property owners and operators to rethink operations to drive efficiency. Together with Knock, RealPage will meet our customers' needs with a connected platform that enables an AI-driven virtual operating model."
"RealPage and Knock share an identical vision for a truly connected and intelligent front office. Together we will realize this vision faster, and the combination will enable us to go even further on our commitment to delivering both the technology and customer service our customers need to offer a best-in-class prospect-to-resident experience," said Demetri Themelis, CEO and co-founder of Knock.
"This is as much about the team as it is the technology," added Jones. "There’s a reason Knock has such a tremendous reputation in multifamily. We’re excited to begin working together as one team to drive greater value and the best possible experience for our customers."
Posted by Veronica Silva Cusi, news correspondent
About Knock CRM:
Knock®, the most innovative, trusted, and fun performance management platform in the multifamily industry, empowers property management companies to profitably acquire and retain high-value, long-term residents, improving NOI by 200%. Knock was founded in 2014 and is headquartered in Seattle, WA.
Located in Dallas, RealPage provides on demand (also referred to as “Software-as-a-Service” or “SaaS”) products and services to apartment communities and single family rentals across the United States.
Published: Monday, October 3, 2022
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