RealPage Acquires Rent Mine Online

RealPage, Inc. RP today announced that it has acquired RentMineOnline Inc. , a software-as-a-service provider of social network marketing solutions for the multifamily rental housing industry. The acquisition will extend the Company's LeaseStar™ multichannel managed marketing solution which enables property owners and managers to originate, syndicate, manage and capture leads more effectively and at less overall cost. 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. The Merger Agreement also provides for additional contingent consideration payments to RMO stockholders if RMO achieves certain revenue milestones.