Buildium Experiences Record Growth in 2015

Award Winning Property Management Solution Provider Attributes 90 Percent Year-Over-Year Revenue Growth to Strategic Acquisition, New Partnerships and Customer Success

BOSTON--(BUSINESS WIRE)-- Buildium, the only property management solution that helps real estate professionals outperform across all facets of their business, today announced it experienced record growth in 2015. The company reported 90 percent growth YOY, and is now serving more than 12,500 customers in 46 countries, totaling nearly one million residential units under management.

Buildium attributes its tremendous growth to its acquisition of All Property Management (APM), customer growth, corporate expansion with 63 new hires in the past year and new strategic partnerships. As the only property management solution that helps real estate professionals win new business, increase efficiency and market successfully, Buildium’s success in 2015 validates that a demand exists for an all-encompassing solution that truly helps real estate professionals. Buildium’s growth and superior performance over the past year was also honored with recognition on the Inc. 5000, the BostInno 50 on Fire awards and the Stevie Awards.

“As property managers are having to cater to digital and mobile-savvy renters, and face the increase in demand for rental properties, we’ve seen a high demand for digital solutions to help them in their day-to-day business,” said Michael Monteiro, co-founder and CEO of Buildium. “We’re thrilled at the success our team has experienced over the past year, and it serves as a testament to the great work the Buildium team has done and our loyal customers that make it all possible.”

Expansion through Acquisition and Partnership

The company began 2015 with the acquisition of APM, which allowed Buildium to expand its services to include connecting property managers with new property owners. APM delivered over $50M worth of new business to property managers in the U.S. in 2014 alone.

Also in 2015, Buildium partnered with TransUnion to offer an additional tenant screening option. Buildium’s Premium Tenant Screening uses TransUnion credit data and analytics to provide property managers with customized rental recommendations on tenants in minutes.

Increased Demand Generates Corporate Growth

With the increasing demand for its services, Buildium hired 63 new employees over the past year, and plans to increase its headcount in 2016 with at least another 25 new employees. As a result of this growth, Buildium also relocated its headquarters to Post Office Square in August, and now occupies more than 15,000 square feet of premium office space.

Buildium was recognized by Inc. magazine as one of the fastest-growing private companies in the U.S. for the fourth year in a row, and one of BostInno’s 50 on Fire, an annual awards program honoring the year's most groundbreaking individuals and organizations across industries in the Boston area. Buildium’s customer care team was also awarded two Stevie Awards, including a Gold “Young Customer Service Professional of the Year” for 28 year-old Jeana Pondelli – a true testament to the team’s dedication to customer success.

“Our team only succeeds when our customers succeed,” continued Monteiro. “We have and will continue to offer expert advice and unsurpassed support to help our customers outperform across all aspects of their business. This is Buildium’s top priority in 2016.”

About Buildium

Buildium is the only property management solution that helps real estate professionals win new business from property owners and community associations seeking services. Backed by expert advice and relentless support, Buildium enables you to outperform across all facets of your business with intuitive software that balances power, simplicity, and ease of use. Buildium services more than 12,500 customers in 46 countries, totaling nearly one million residential units under management. For more information, visit www.buildium.com, and connect with us on Twitter, LinkedIn and Facebook.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160107005672/en/

fama PR
Cait Mattingly, 617-986-5033
[email protected]

Source: Buildium

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