Property Automation Software finalizes buy-out agreement.Property Automation Software Corp., manufacturers of Tenant Pro property management software, recently finalized a formal buy-out agreement among its shareholders. Property Automation currently maintains a user base of more than 20,000 throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Canada. Although specific terms of the agreement were not disclosed, the arrangement was reported to be amicable am·i·ca·ble
Characterized by or exhibiting friendliness or goodwill; friendly.
[Middle English, from Late Latin am and in the continuing best interest of the corporation.
Jacob Garza, Property Automation President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , now retains sole shareholdership of the corporation, owning its name and future assets. Tenant Pro, the flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. of Property Automation and a Windows-based program, comprises a complete accounting system and property management database.
Now in Version 7, the software is designed for small to mid-sized property management businesses to track detailed information about properties, owners, units, residents and vendors.