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RealPage acquires The Pleco Group.

Dallas-based RealPage Inc., a provider of products and services to the multifamily housing industry, acquired substantially all of the assets of The Pleco Group, a provider of utility management and billing solutions to the multifamily industry.

The Pleco Group offers utility meter installation, reading and maintenance services for water, gas and electric utility meters. The company also offers a powerful billing system that captures submetered or RUBS charges and generates monthly bills to residents, as well as vacant unit energy cost recovery services.

RealPage intends to combine the services offered by The Pleco Group with its new on-demand convergent billing system that merges water, energy, rent, late fees and other small balances into a single resident invoice and market the product under the trade name "Velocity [TM]."
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Geographic Code:1USA
Date:Jun 1, 2005
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