Buildium Explained

Buildium
Type:Private company
Location City:Boston, Massachusetts
Location Country:United States
Industry:Property management
Homepage:www.buildium.com

Buildium is an American property management software company. It was founded in 2004 and headquartered in Boston, Massachusetts, providing cloud-based (software as a service), real estate software. Its property management software allows real estate professionals to manage property portfolios, including leasing, accounting and operations.[1]

History

Buildium was co-founded in 2004 by Michael Monteiro and Dimitris Georgakopoulos.[2] The company was bootstrapped for the first eight years, and in 2012 and 2014, Buildium raised two rounds of funding totaling $20 million from K1 Investment Management.[3] In June 2016, the company raised $65M from Sumeru Equity Partners.[4] [5] [6]

In February 2015, Buildium acquired All Property Management, a provider of online marketing services for property managers.[7] [8] [9]

In April 2017, Buildium was named Leader in Gartner Frontrunners Quadrant for Property Management Software.[10]

In December 2019 Buildium was acquired by RealPage. RealPage previously pegged the value of the Buildium acquisition at $580 million.[11]

Notes and References

  1. News: Strong. Rebecca. Buildium is the Largest Boston Tech Company You've Never Heard Of. BostInno. February 19, 2015.
  2. News: Boyle. Josh. Born and Bred in Boston, Buildium is Built To Last. VentureFizz. March 8, 2015.
  3. News: Griffith. Erin. Exclusive: Buildium Raises $65 Million for Landlord Software. Fortune. June 2, 2016.
  4. News: Boston real estate software company lands $65M in funding. Boston Business Journal. June 8, 2016.
  5. Web site: These 3 Platforms Are Transforming Property Management cre.tech. cre.tech. 29 May 2017. 4 May 2017.
  6. Web site: Exclusive: Buildium Raises $65 Million for Landlord Software. Fortune. 29 May 2017.
  7. Web site: Rental Property Managers, Get Free Quotes - APM. allpropertymanagement.com. www.allpropertymanagement.com. 2017-01-05.
  8. News: Xconomy. Davidson. Michael. February 12, 2015.
  9. Web site: Buildium software company buys Seattle's All Property Management. GeekWire. 29 May 2017. 12 February 2015.
  10. Web site: Buildium named Leader in Gartner Frontrunners Quadrant for Property Management Software. Yahoo.com. 29 May 2017.
  11. Web site: RealPage buys Buildium for $580 million. 2019-12-20. HousingWire. en-US. 2020-04-09.