Global market leader in student housing software – StarRez – announces today the acquisition of Residential Management Systems, Inc. (RMS) – developer of the Mercury Residential Housing Platform. High Rock Partners acted as exclusive advisors to RMS in connection with the transaction and Vinson & Elkins LLP served as legal counsel for StarRez.
Founded by Graham Banister in 1994, RMS currently operates offices in Raleigh, NC and Newcastle, UK. The company provides leading web-based housing and conference management software solutions.
“When I founded RMS in 1994, my aim was to revolutionise the university and college software landscape with the combination of power, flexibility and ease of use. By combining forces with StarRez, I believe we are best positioned to deliver increasing value and outstanding customer experience to our higher education community for years to come.”Graham Banister, CEO, RMS
StarRez now has over three million beds under management. The company’s combined customer base exceeds 1,300 in over 25 countries. StarRez provides student housing software and residential community management solutions, which allows its customers to manage resident experience, occupancy, revenue, allocations and more.
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. The company is proud of its very strong culture, driven by thought leaders that believe in empathy, expertise, drive and trusted partnerships with their customer community.
“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 three million beds on the platform, bringing more value and access to our partnership ecosystem.”Travis Knipe, Global CEO, StarRez
In February 2022, StarRez also welcomed Adirondack Solutions into its family. This growing scale enables 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, purpose-built student accommodation (PBSA) and adjacent markets.
The company serves some of the world’s most prestigious organisations, 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.