(as part of the Vista Equity Partners portfolio)
Now Serving Over 1,300 Customers Globally
Raleigh, NC – July 20, 2022 – StarRez, the global market leader in student housing software, today announced the acquisition of Residential Management Systems, Inc. (RMS) developer of the Mercury Residential Housing Platform. Founded in 1994 by Graham Banister, RMS provides leading web-based housing and conference management software solutions. It currently operates offices in Raleigh, NC and Newcastle, UK.
“Our goal is to be the global platform for residential communities to deliver the next level of resident experience, driving wellness, engagement, occupancy, automation, and insights. Welcoming the RMS team and community to the StarRez family is an exciting step forward to achieving it. Already one of the fastest growing providers in the space, StarRez’s reach now stands upwards of 3 million beds on the platform, bringing more value and access to our partnership ecosystem” said Travis Knipe, Global CEO of StarRez.
With the RMS partnership, StarRez’s combined customer base now exceeds 1,300 in more than 25 countries and over 3 million beds under management. Along with the recent combination with Adirondack Solutions, this growing scale enables ever greater opportunities to expand community value through enhanced product capabilities and services. StarRez will continue to invest to be a trusted partner and accelerate growth in the PropTech, EdTech, student housing, PBSA and adjacent markets.
“When I founded RMS in 1994, my aim was to revolutionize the university and college software landscape with the combination of power, flexibility, and ease of use. By combining forces with StarRez and Vista Equity Partners, I believe we are best positioned to deliver increasing value and outstanding customer experience to our higher education community for years to come” said Graham Banister, CEO of RMS.
StarRez is now uniquely positioned as the leading global platform provider with local team expertise in each region, serving more countries and beds than any other provider in the industry. StarRez is proud of its very strong culture, driven by thoughtful leaders that believe in empathy, expertise, drive, and trusted partnership with their customer community.
High Rock Partners acted as exclusive advisors to RMS in connection with the transaction with Jordan Price serving as legal counsel. Vinson & Elkins LLP served as legal counsel for StarRez.
About Residential Management Systems
Founded in 1994, RMS set out to revolutionize the University and College software landscape. With offices in Raleigh, NC and Newcastle, UK, RMS provides industry-leading web-based housing and conference management software solutions through its Mercury platform. Customers include Utah State University, University of Alabama, University of Houston, Florida International University, Kings College London and 100+ more.
StarRez is a global market leader in student housing software and residential community management. The platform positively impacts millions of users from around the world providing solutions to manage the resident experience, occupancy, revenue, allocations and more. StarRez serves some of the most prestigious organizations in the world including Harvard University, Stanford University, National University of Singapore, University of London, Australian National University, Vail Ski Resorts (Staff Housing), iQ Student Accommodation (PBSA), Scape Living (PBSA) and 1100+ more.