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OpsTechnology Is Now RealPage Spend Management Software
OpsTechnology, now RealPage Spend Management Software, is the largest electronic purchasing marketplace for the property management industry.
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History of RealPage Spend Management Software
1999 – OpsTechnology Founded
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OpsTechnology is founded in San Francisco as a software-as-a-service provider of spend management solutions.
2004 – OpsTechnology Raises $4M in Funding
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The Series D financing round included SAP Ventures, Internet Realty Partners, Vortex Partners and Crest Opportunity Fund IX.
2008 – RealPage Acquires OpsTechnology
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Software provider expands spend management software and services for multifamily property management companies.
2009 – Sequoia Equities Selects RealPage Spend Management (Formerly OpsTechnology)
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“OpsTechnology will be a critical component to our overall spend management strategy,”
said Myra Teufel, information technology director for Sequoia.
2011 – RealPage Introduces OpsBid
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Comprehensive Multifamily Capital Spend Management Solution introduction after pilot significantly
reduces costs and improves property renovation management.
2011 – Greystar Improves Its Spend Management
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Greystar reaps the advantages of the real-time purchasing data that OpsTechnology provides — right down to the SKU level — for auditing suppliers,
negotiating contracts, and managing purchasing activity of apartment supplies.
