RealPage Acquires Vigilan, SaaS Provider to the Senior Living Industry
- Jan 05, 2012
Carrollton, Texas—RealPage Inc. has acquired the operating assets of Vigilan Inc. for approximately $5 million. A provider of assisted living software-as-a-service, Vigilan products allow assisted living communities to monitor and schedule detailed care, manage labor costs, provide accurate billing as well as compliance tools through its comprehensive 50-state compliance module.
Founded in February 2003, Vigilan is based in Wilsonville, Ore. Vigilan serves approximately 340 senior living communities andan is expected to exit 2011 with an annual on demand revenue run-rate of $2.3 million.
Steve Winn, chairman and CEO of RealPage, says, “Similar to other segments of rental housing, we see the long-term convergence of booking functionality with lead generation capabilities. Vigilan bolsters our comprehensive platform of software-as-a-service solutions for the senior living market and positions RealPage to benefit from this convergence.”