Management software maker RealPage in play for buyout firms
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New York
REALPAGE Inc, a maker of software that helps apartment landlords manage their properties, is now in play.
An investor-turned-activist is seeking talks with management about RealPage's strategic direction after the Financial Times reported that it rejected a buyout bid from Vista Equity Partners. With recent stumbles including a third straight quarterly loss, now may be a good time to find a buyer that could run the business better. US apartment construction is set to surge over the next few years, giving RealPage a shot at more revenue.
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