RealPage (RP) Buys RentMineOnline for $6M
RealPage (NYSE:
The Company paid closing merger consideration of approximately $6.0 million at close subject to working capital adjustments. The Merger Agreement provides for the payment of up to an additional $3.5 million to RMO stockholders, subject to a reduction for indemnification claims, working capital adjustments, or the failure of RMO to achieve certain revenue milestones.
RP) announced it has purchased RentMineOnline, a software-as-a-service provider of social network marketing solutions for the multifamily rental housing industry.
The Company paid closing merger consideration of approximately $6.0 million at close subject to working capital adjustments. The Merger Agreement provides for the payment of up to an additional $3.5 million to RMO stockholders, subject to a reduction for indemnification claims, working capital adjustments, or the failure of RMO to achieve certain revenue milestones.