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